|
|
|
MIRA
INFORM REPORT
|
Report No. : |
511068 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CENTURY ENKA LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 72 and 72-A, MIDC, Bhosari, Pune - 411026, Maharashtra |
|
Mob. No.: |
91-20-2616 6511 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of
Incorporation : |
17.11.1965 |
|
|
|
|
Com. Reg. No.: |
11-139075 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 218.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24304PN1965PLC139075 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0388044438 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC00213D |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC2491D |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged into Manufacturing and Selling of ‘Synthetic
Yarn’ and related products [Registered
Activity] |
|
|
|
|
No. of Employees
: |
1479 (Approximately) [AS ON 31.03.2017] |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1965 and it is a manufacturer of synthetic yarn and tyre cord fabric. As per financials of March 2017, the company has registered a growth of 8.11% in its revenue as compared to its previous year’s revenue and has reported fair profit margin of 4.84%. Rating takes into consideration the company’s long established track record of business operations marked by sound net worth base along with low solvency indicators and good liquidity position. Rating also takes into account the healthy financial risk profile and established market position in the NTCF division. Shares are quoted high Stock Exchanges. (Shares are traded at a price of INR 323.10 against its face value of INR 10.) Payments seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
02.08.2017 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
02.08.2017 |
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 22.05.2018.
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
Management Non-Cooperative (Tel. No.: 91-20-26166511 / 66127300)
LOCATIONS
|
Registered/ Marketing Office : |
Plot No. 72 and 72-A, MIDC, Bhosari, Pune - 411026, Maharashtra, India |
|
Tel. No.: |
91-20-26166511 / 66127300/ 66127300/ 27120423 |
|
Fax No.: |
91-20-26166511/27120113 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Industry House, 159, 3rd Floor, Churchgate Reclamation, Mumbai - 400 02, Maharashtra, India |
|
Tel. No.: |
91-22-43215300 / 22027375 |
|
Fax No.: |
91-22-43215353 / 22873952 |
|
|
|
|
Kolkata Office : |
Birla Building, 8th Floor 9/1, R. N. Mukherjee Road, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-2243 6003 |
|
|
|
|
Factory 1 : |
Bhosari, Pune – 411026, Maharashtra, India |
|
Tel. No.: |
91-20-66127300 / 27120423 |
|
Fax No.: |
91-20-27120113 |
|
|
|
|
Factory 2 : |
Rajashree Polyfil Rajashree Nagar, Post: Umalla, District Bharuch – 393120,
Gujarat, India |
|
Tel. No.: |
91-2640-308555 |
|
Fax No.: |
91-2640-308510 |
|
|
|
|
Factory 3 : |
Raigad Processors
(Not in Operation) Plot No. C-61, Part-A, MIDC Area, Mahad, District Raigad – 402309, Maharashtra, India |
|
Tel. No.: |
91-2145-232136 |
|
|
|
|
Factory 4 : |
Konkan Synthetic
Fibres (Not in Operation) Plot No. C-61, Part-B, MIDC Area Mahad, District Raigad –
402309, Maharashtra, India |
|
Tel. No.: |
91-2145-232137 |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Basant Kumar Birla |
|
Designation : |
Director |
|
Address : |
Basant Vihar 18, Gurusaday Road Kolkata 700019, West Bengal, India |
|
Date of Appointment : |
17.11.1965 |
|
DIN No.: |
00055856 |
|
|
|
|
Name : |
Mrs. Rajashree Birla |
|
Designation : |
Director |
|
Address : |
Mangal Adityayan, 20 Carmichel Road, Behind Jaslok Hospital, Mumbai-400026, Maharashtra, India |
|
Date of Appointment : |
05.05.2015 |
|
DIN No.: |
00022995 |
|
|
|
|
Name : |
Mr. Bansidhar Sunderlal Mehta |
|
Designation : |
Director |
|
Address : |
5th Floor, Maheshwari Mansion 34-Napean Sea Road, Mumbai-400006, Maharashtra, India |
|
Date of Appointment : |
13.02.1978 |
|
DIN No.: |
00035019 |
|
|
|
|
Name : |
Sohanlal Kundanmal Jain |
|
Designation : |
Director |
|
Address : |
7, New Bazar, Khadki, Pune – 411003, Maharashtra, India |
|
Date of Appointment : |
11.11.2009 |
|
DIN No.: |
02843676 |
|
|
|
|
Name : |
Mr. Krishna Shantilal Thar |
|
Designation : |
Director |
|
Address : |
Flat#12-A, 1st Floor, 'B' Block, Meherina Apartments, C-51, Nepean Sea Road, Mumbai-400026, Maharashtra, India |
|
Date of Appointment : |
27.11.2014 |
|
DIN No.: |
00390137 |
|
|
|
|
Name : |
Mr. Omprakash Ramlal Chitlange |
|
Designation : |
Managing Director |
|
Address : |
A5/6, Pushpak Chs, Road No. 5, Room 16, MIDC Dombivli (East), Thane – 421203, Maharashtra, India |
|
Date of Appointment : |
16.05.2017 |
|
DIN No.: |
00952072 |
|
|
|
|
Name : |
Sohanlal Kundanmal Jain |
|
Designation : |
Director |
|
Address : |
7, New Bazar, Khadki, Pune – 411003, Maharashtra, India |
|
Date of Appointment : |
11.11.2009 |
|
DIN No.: |
02843676 |
KEY EXECUTIVES
|
Name : |
Mr. Chitranjandas Bansilal Gagrani |
|
Designation : |
Company Secretary |
|
Address : |
Flat No 204, Building No C-39, Sector V, Shatinagar, Mira Road (E) Thane, Mumbai – 400107, Maharashtra, India |
|
Date of Appointment : |
01.04.1986 |
|
PAN No.: |
AARPG3586E |
|
|
|
|
Name : |
Mr. Krishna Gopal Ladsaria |
|
Designation : |
Chief Finance Officer |
|
Address : |
1A-194, Kalpataru Garden, Ashok Nagar Near Rajguru Flyover, Kandivali (East), Mumbai -00101, Maharashtra, India |
|
Date of Appointment : |
13.02.2017 |
|
PAN No.: |
AAAPL5468P |
|
|
|
|
Name : |
Mr. D. B. Roonghta |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2018
|
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) |
|
|
(A) Promoter & Promoter Group |
59,33,728 |
27.16 |
|
|
(B) Public |
1,59,16,861 |
72.84 |
|
|
Grand Total |
2,18,50,589 |
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 |
|
|
|
Individuals/Hindu undivided Family |
1,36,130 |
0.62 |
|
|
Basant Kumar Birla |
71,360 |
0.33 |
|
|
Aditya Vikram Kumarmangalam Birla HUF |
29,760 |
0.14 |
|
|
Rajashree Birla |
26,080 |
0.12 |
|
|
Vasavadatta Bajaj |
8,930 |
0.04 |
|
|
Any Other (specify) |
57,97,598 |
26.53 |
|
|
TGS Investment And Trade Private Limited |
31,14,970 |
14.26 |
|
|
Century Textiles And Industries Limited. |
12,66,887 |
5.80 |
|
|
Cygnet Industries Limited |
4,15,680 |
1.90 |
|
|
Prakash Educational Society |
2,77,360 |
1.27 |
|
|
Trapti Trading and Investments Private Limited |
2,60,820 |
1.19 |
|
|
Turquoise Investment and Finance Private Limited. |
2,42,900 |
1.11 |
|
|
Jayantika Investment & Finance Limited |
1,00,000 |
0.46 |
|
|
Birla Eduction Trust |
75,000 |
0.34 |
|
|
Padmavati Investment Limited |
28,891 |
0.13 |
|
|
B.K. Birla Foundation |
15,090 |
0.07 |
|
|
Sub Total A1 |
59,33,728 |
27.16 |
|
|
A2) Foreign |
0.00 |
|
|
|
A=A1+A2 |
59,33,728 |
27.16 |
|
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/ |
4,365 |
0.02 |
|
|
Foreign Portfolio Investors |
8,09,766 |
3.71 |
|
|
Financial Institutions/ Banks |
15,79,875 |
7.23 |
|
|
Life Insurance Corpn. Of India |
15,15,302 |
6.93 |
|
|
Insurance Companies |
1,53,470 |
0.70 |
|
|
Any Other (specify) |
3,245 |
0.01 |
|
|
Foreign Mutual Fund |
1,770 |
0.01 |
|
|
Foreign Financial Institution |
1,475 |
0.01 |
|
|
Sub Total B1 |
25,50,721 |
11.67 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
|
|
|
B3) Non-Institutions |
0.00 |
|
|
|
Individual share capital upto INR 0.200 Million |
68,78,866 |
31.48 |
|
|
Individual share capital in excess of INR 0.200 Million |
19,33,754 |
8.85 |
|
|
Hitesh Ramji Javeri |
6,19,962 |
2.84 |
|
|
Harsha Hitesh Javeri |
4,72,000 |
2.16 |
|
|
Any Other (specify) |
45,53,520 |
20.84 |
|
|
Bodies Corporate |
19,88,519 |
9.10 |
|
|
Camden Industries Limited |
9,52,000 |
4.36 |
|
|
Quantam Securities Private Limited |
2,50,000 |
1.14 |
|
|
Clearing Members |
1,88,256 |
0.86 |
|
|
Bodies Corporate |
11,50,000 |
5.26 |
|
|
Larsin Enterprises Limited |
4,50,000 |
2.06 |
|
|
Malingos International Holdings Limited |
4,50,000 |
2.06 |
|
|
French Wilbert Limited |
2,50,000 |
1.14 |
|
|
HUF |
3,99,906 |
1.83 |
|
|
Non-Resident Indian (NRI) |
2,39,613 |
1.10 |
|
|
Overseas Corporate Bodies |
3,42,159 |
1.57 |
|
|
Trusts |
91,930 |
0.42 |
|
|
Director or Director's Relatives |
8,665 |
0.04 |
|
|
IEPF |
1,44,472 |
0.66 |
|
|
Sub Total B3 |
1,33,66,140 |
61.17 |
|
|
B=B1+B2+B3 |
1,59,16,861 |
72.84 |
|
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Manufacturing and Selling of ‘Synthetic
Yarn’ and related products [Registered
Activity] |
|
|
|
|
Products : |
‘Synthetic Yarn’ and related products |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
1479 (Approximately) [AS ON 31.03.2017] |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Khimji Kunverji and Company Chartered Accountants |
|
Address : |
Sunshine Tower , Level 19, Senapati Bapat Marg , Elphinstone Road , Mumbai – 400013 , Maharashtra, India
|
|
Tel. No.: |
91-22-61437333 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 218.500
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Redeemable Cumulative Preference Shares |
INR 100/- each |
INR 10.000 Million |
|
33000000 |
Equity Shares |
INR 10/- each |
INR 330.000 Million |
|
100000 |
Unclassified Shares |
INR 100/- each |
INR 10.000 Million |
|
|
Total |
|
INR 350.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21850589 |
Equity Shares |
INR 10/- each |
INR 218.500
Million |
|
|
|
|
|
a)
Reconciliation
of the Number of Shares and amount outstanding
|
Particulars |
31.03.2017 |
|
|
No. of Shares |
INR In Million |
|
|
Balance at the beginning and end of the year |
21850589 |
218.500 |
b)
The
details of Shareholders holding more than 5% Shares:
|
Name of Shareholder |
31.03.2017 |
|
|
% of holding |
No. of Shares |
|
|
TGS Investment and Trade Private Limited |
14.26 |
3114970 |
|
Life Insurance Corporation of India |
6.93 |
1515302 |
|
Kesoram Industries Limited |
-- |
-- |
|
Camden Industries Limited |
6.14 |
1340680 |
|
Century Textiles and Industries Limited |
5.80 |
1266887 |
|
|
|
|
c) The Company has one class of Equity Shares having a par value of INR 10.00 per share. Each Shareholder is eligible for one vote per share held and has same right to dividend
d) No bonus shares have been issued during five years immediately preceding 31st March, 2017.
e) Dividend Proposed, Declared and paid
f)
Shares
reserved for issue under options and contracts or commitments for the sale of
shares or disinvestment, including the terms and amounts – Ni
g)
For the period of five years immediately
preceding the date at which the Balance Sheet is prepared:-
i) aggregate number and class of shares allotted as fully paid up pursuant to contract without payment being received in cash – Nil
ii)
aggregate number and class of shares bought back
- Nil
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 |
218.500 |
218.500 |
218.500 |
|
(b) Reserves &
Surplus |
8790.500 |
8325.100 |
7561.700 |
|
(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) |
9009.000 |
8543.600 |
7780.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
306.100 |
370.800 |
514.400 |
|
(b) Deferred tax
liabilities (Net) |
1117.700 |
1015.800 |
1047.300 |
|
(c) Other long term
liabilities |
53.000 |
55.500 |
24.800 |
|
(d) long-term provisions |
101.600 |
125.600 |
130.200 |
|
Total Non-current
Liabilities (3) |
1578.400 |
1567.700 |
1716.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.100 |
10.900 |
39.000 |
|
(b) Trade payables |
723.000 |
682.700 |
319.700 |
|
(c) Other current
liabilities |
304.900 |
372.100 |
287.500 |
|
(d) Short-term provisions |
21.700 |
17.600 |
16.000 |
|
Total Current Liabilities
(4) |
1049.700 |
1083.300 |
662.200 |
|
|
|
|
|
|
TOTAL |
11637.100 |
11194.600 |
10159.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5685.300 |
5687.700 |
6015.100 |
|
(ii) Intangible Assets |
61.600 |
0.400 |
0.000 |
|
(iii) Capital
work-in-progress |
38.900 |
36.600 |
18.900 |
|
(iv) Intangible assets
under development |
0.000 |
24.100 |
0.000 |
|
(b) Non-current
Investments |
154.100 |
202.500 |
150.900 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
18.400 |
19.100 |
|
(e) Other Non-current
assets |
125.100 |
93.800 |
92.500 |
|
Total Non-Current Assets |
6065.000 |
6063.500 |
6296.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
712.000 |
777.800 |
646.800 |
|
(b) Inventories |
2187.600 |
2308.100 |
1466.400 |
|
(c) Trade receivables |
2071.000 |
1887.900 |
1557.700 |
|
(d) Cash and cash
equivalents |
248.200 |
43.100 |
62.000 |
|
(e) Short-term loans and
advances |
0.000 |
0.600 |
0.600 |
|
(f) Other current assets |
353.300 |
113.600 |
129.100 |
|
Total Current Assets |
5572.100 |
5131.100 |
3862.600 |
|
|
|
|
|
|
TOTAL |
11637.100 |
11194.600 |
10159.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
14477.700 |
13392.200 |
12873.400 |
|
|
Other Income |
177.500 |
154.900 |
43.100 |
|
|
TOTAL |
14655.200 |
13547.100 |
12916.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
8939.400 |
6935.900 |
6351.400 |
|
|
Purchases of
Stock-in-Trade |
46.000 |
45.500 |
1.200 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
191.800 |
(417.400) |
515.000 |
|
|
Employees benefits
expense |
884.400 |
779.200 |
728.200 |
|
|
Power and Fuel |
1922.900 |
1731.300 |
1607.600 |
|
|
Excise Duty |
312.900 |
1539.100 |
1388.600 |
|
|
Other expenses |
1063.200 |
959.900 |
862.100 |
|
|
Exceptional Items |
(249.100) |
95.800 |
75.400 |
|
|
TOTAL |
13111.500 |
11669.300 |
11529.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1543.700 |
1877.800 |
1387.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
34.000 |
56.200 |
95.600 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1509.700 |
1821.600 |
1291.400 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
419.400 |
423.700 |
409.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1090.300 |
1397.900 |
882.000 |
|
|
|
|
|
|
|
Less |
TAX |
389.400 |
488.200 |
291.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
700.900 |
909.700 |
591.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
32.08 |
41.63 |
27.05 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
143.600 |
143.600 |
|
Cash generated from operations |
NA |
1070.500 |
2159.700 |
|
Net cash flow from operating activity |
NA |
605.300 |
1916.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
52.21 |
51.45 |
44.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.99 |
7.09 |
8.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
29.37 |
35.69 |
18.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.71 |
0.81 |
0.95 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.27 |
0.33 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.12 |
0.13 |
0.12 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.03 |
0.04 |
0.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.12 |
0.13 |
0.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.64 |
0.67 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
45.40 |
33.41 |
14.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.84 |
6.79 |
4.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.02 |
8.13 |
5.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.78 |
10.65 |
7.60 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.31 |
4.74 |
5.83 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.22 |
2.61 |
3.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.77 |
0.76 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.40 |
1.75 |
2.53 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.31 |
4.74 |
5.83 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
Market Value |
INR 323.10/- |
FINANCIAL ANALYSIS
[all figures are
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 |
218.500 |
218.500 |
218.500 |
|
Reserves & Surplus |
7561.700 |
8325.100 |
8790.500 |
|
Net worth |
7780.200 |
8543.600 |
9009.000 |
|
|
|
|
|
|
long-term borrowings |
514.400 |
370.800 |
306.100 |
|
Short term borrowings |
39.000 |
10.900 |
0.100 |
|
Total borrowings |
553.400 |
381.700 |
306.200 |
|
Debt/Equity ratio |
0.071 |
0.045 |
0.034 |
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 |
12873.400 |
13392.200 |
14477.700 |
|
|
|
4.030 |
8.105 |
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 |
12873.400 |
13392.200 |
14477.700 |
|
Profit |
591.000 |
909.700 |
700.900 |
|
|
4.59% |
6.79% |
4.84% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW [AS
ON 31.03.2017]
Subject is a Public Limited Company incorporated in India having its registered office at Pune, Maharastra, India. The Company is engaged in the manufacturing and selling of ‘Synthetic Yarn’ and related products.
INDEX OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77226637 |
100155271 |
HDFC BANK LIMITED |
24/01/2018 |
- |
- |
100000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST)MUMBAIMH400013IN |
|
2 |
C09030727 |
10505597 |
BANK OF MAHARASHTRA |
17/06/2014 |
- |
- |
350000000.0 |
LOKMANGAL1501 SHIVAJINAGARPUNEMH411005IN |
|
3 |
B58499427 |
10377605 |
The Hongkong and Shanghai Banking Corporation Limited |
03/09/2012 |
- |
- |
400000000.0 |
5/60 MAHATMA GANDHI ROADFORTMUMBAIMH400001IN |
|
4 |
B78707965 |
10252695 |
Axis Bank Limited |
29/11/2010 |
08/06/2013 |
- |
579000000.0 |
Corporate Banking Branch,214-215,City MallGaneshkhind Road,Near Pune UniversiryPuneMH411007IN |
|
5 |
B37993482 |
80065052 |
BANK OF MAHARASHTRA |
15/03/1984 |
09/04/2012 |
- |
4000000000.0 |
BHOSARIGAON BRANCHPUNEMH411039IN |
|
6 |
G01598564 |
100018837 |
STATE BANK OF PATIALA |
14/04/2016 |
- |
20/04/2016 |
750000000.0 |
COMMERCIAL BRANCHATLANTA, NARIMAN POINTMUMBAIMH400021IN |
|
7 |
C41462383 |
10393331 |
Axis Bank Limited |
03/12/2012 |
- |
12/01/2015 |
50000000.0 |
Corporate Banking Branch, 214/215,2nd FloorCity Mall,Ganeshkhind RoadPuneMH411001IN |
|
8 |
C22006506 |
80067665 |
Bank of Maharashtra |
14/08/2004 |
- |
30/08/2014 |
130000000.0 |
Bhosarigaon Branch,BhosariPuneMH411039IN |
|
9 |
C04077541 |
10296951 |
The Hongkong and Shanghai Banking Corporation Limited |
30/06/2011 |
- |
08/05/2014 |
202500000.0 |
52/60 MAHATMA GANDHI ROADFORTMUMBAIMH400001IN |
|
10 |
B96513155 |
80067272 |
Bank of Maharashtra |
14/01/2004 |
- |
06/02/2014 |
130000000.0 |
Bhosarigaon BranchBhosariPuneMH411039IN |
|
11 |
B94971124 |
80067245 |
State Bank of Patiala |
27/06/2003 |
- |
15/01/2014 |
65000000.0 |
Commercial BranchAtlanta, Nariman PointMumbaiMH400021IN |
|
12 |
B92490606 |
10296639 |
DBS Bank Limited |
30/06/2011 |
- |
24/12/2013 |
450000000.0 |
Elbee House,Survey No. 4/7,Siddharth Path, Off. Dhole Patil Road,PuneMH411001IN |
|
13 |
B79977021 |
80066753 |
STATE BANK OF PATIALA |
27/07/2003 |
- |
02/07/2013 |
65000000.0 |
Commercial BranchAtlanta Nariman PointMumbaiMH400021IN |
|
14 |
B58669623 |
10377457 |
THE ABN AMRO BANK N.V. (NOW ROYAL BANK OF SCOTLAND N.V.) |
17/09/2012 |
- |
28/09/2012 |
500000000.0 |
CREDIT ADMINISTRATION DEPT., 63, CHULIA STREET,LEVEL 13, SINGAPORE 049514.SINGAPORENA049514SG |
|
15 |
B37249240 |
80065011 |
BANK OF MAHARASHTRA |
26/03/2002 |
- |
26/03/2012 |
236000000.0 |
Bhosarigaon BranchBhosariPUNEMH411026IN |
|
16 |
B12468039 |
10191293 |
STATE BANK OF INDIA |
09/12/2009 |
- |
12/05/2011 |
1000000000.0 |
CAG Branch,Voltas House, 23 J N Heredia Marg,MumbaiMH400001IN |
|
17 |
A74064106 |
10046592 |
BANK OF MAHARASHTRA |
22/03/2007 |
- |
24/11/2009 |
250000000.0 |
S No 686, Pune Telco RoadLandewadi Chowk, BhosarigaonPuneMH411039IN |
|
18 |
A62225370 |
90256745 |
BANK OF MAHARASHTRA |
11/08/2005 |
- |
05/05/2009 |
750000000.0 |
BHOSARIGAON BRANCHPUNEMH411026IN |
|
19 |
A37058401 |
10046055 |
STATE BANK OF INDIA |
22/03/2007 |
- |
31/03/2008 |
450000000.0 |
Commercial BranchN. G. N. Vaidya Marg, FortMumbaiMH400023IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
|
Income Tax Matters |
NA |
5.000 |
|
Sales-tax / VAT Matters |
NA |
0.600 |
|
Excise, Service Tax & Custom Matters |
NA |
47.000 |
|
|
|
|
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Vehicles
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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.