|
|
|
MIRA INFORM REPORT
|
Report No. : |
510894 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NATURAL STORAGE SOLUTIONS PRIVATE LIMITED (w.e.f. 10.09.2015) |
|
|
|
|
Formerly Known
As : |
NATURAL VEGETABLES AND FRUITS STORAGE PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No. 3-4-5, Survey No.164, S.I.D.C. Road, Village Veraval/Shaper, Taluka Kotada Sangani, District Rajkot – 360002, Gujarat |
|
Tel. No.: |
91-2827-254149/50 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.06.2009 |
|
|
|
|
Com. Reg. No.: |
04-057401 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 40.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15130GJ2009PTC057401 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2409007261 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AADCN0737F1ZU |
|
|
|
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PAN No.: [Permanent Account No.] |
AADCN0737F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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|
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No. of Employees
: |
180 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was established in the year 2009 and is engaged in
manufacturing of industrial refrigeration application and provides end-to-end
turkey solutions for setting up industrial refrigeration plants. For the financial year ended 2017, revenue of the company has slightly
decline. However, it has witnessed a growth in its profit by 323.60%
(approx.) The company possesses sound financial profile marked by healthy net
worth along with low debt level of the company. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. 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 |
CARE |
|
Rating |
Long Term rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March 15, 2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
March 15, 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 PARTED BY
|
Name : |
Mr. Chirag |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9909956549 |
|
Date : |
22.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 3-4-5, Survey No.164, S.I.D.C. Road, Village Veraval/Shaper, Taluka Kotadasangani, District Rajkot – 360002, Gujarat, India |
|
Tel. No.: |
91-2827-254149/50 |
|
Mobile No.: |
91-9909958891 (Mr. Javed) 91-9909956549 (Mr. Chirag) |
|
Fax No.: |
91-2827-254150 |
|
E-Mail : |
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|
Website : |
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|
Area : |
4563 Sq. Yard |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate
Office: |
D-601, Titaninium Square, Thaltej, Ahmedabad, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharat Dhirubhai Revar |
|
Designation : |
Director |
|
Address : |
Shantibhuvan, 3-Naval Nagar, Mavdi Plot, Rajkot-360001, Gujarat, India |
|
Date of Birth/Age : |
24.09.1975 |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
00153684 |
|
|
|
|
Name : |
Mr. Yogeshbhai Sardarsinh Dahiya |
|
Designation : |
Director |
|
Address : |
4-Gulab Nagar, Raiya Road, Rajkot 360001, Gujarat, India |
|
Date of Birth/Age : |
14.10.1969 |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
00153713 |
|
|
|
|
Name : |
Mr. Hareshkumar Gokaldas Kacha |
|
Designation : |
Director |
|
Address : |
Bhavna Clinic, Near Guruprasad Society, Triveni Nagar, Rajkot-360001, Gujarat, India |
|
Date of Birth/Age : |
15.03.1973 |
|
Date of Appointment : |
30.06.2009 |
|
DIN No.: |
01017489 |
KEY EXECUTIVES
|
Name : |
Mr. Javed Sumara |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Chirag |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Dhirubhai Revar |
|
783897 |
|
Hareshbhai Gokalbhai Kacha |
|
838494 |
|
Hiralben Bharatbhai Revar |
|
883220 |
|
Yogeshbhai Sardarsinh Dahiya |
|
36900 |
|
Reenaben Hareshbhai Kacha |
|
36889 |
|
Vandnaben Yogeshbhai Dahiya |
|
36900 |
|
Dilipsinh Jesingbhai Bhatti |
|
15000 |
|
G. Ukhabhai Kacha, Ukhabhai Kacha |
|
119900 |
|
Jayshriben Sardarsinh Dahiya, Sardarsinh Dahiya |
|
163400 |
|
Manishbhai Dineshbhai Kher, Dineshbhai Kher |
|
827000 |
|
Nankuba Dhirubha Rever, Dhirubha Rever |
|
143400 |
|
Sunilbhai Khesubhai Parakhiya, Khesubhai Parakhiya |
|
115000 |
|
Total |
|
4000000 |
LIST OF ALLOTTEES
As on: 05.04.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arvindbhai Devjibhai Kacha |
|
4930 |
|
Bharat Dhirubhai Revar |
|
4480 |
|
Hiralben Bharatbhai Revar |
|
2390 |
|
Bharatkumar Natubhai Tank |
|
5970 |
|
Bharat Pratapsinh Rathod |
|
4480 |
|
Bhavanaben Tank |
|
5970 |
|
Yogeshbhai Sardarsinh Dahiya |
|
5970 |
|
Jaydeepsinh Bharatsinh Rathod |
|
7460 |
|
Maheshbhai Govindbhai Sojitra |
|
8960 |
|
Jayshriben Sardarsinh Dahiya, Sardarsinh Dahiya |
|
10450 |
|
Manali Bharatbhai Tank |
|
2990 |
|
Savjibhai Parvatbhai Dangaria |
|
14930 |
|
Jeetaben Buddhbhatti |
|
1000 |
|
Haresh Shivlabhai Vaghela |
|
2990 |
|
Kevinbhai Chhagabhai Aghara |
|
10000 |
|
Rajesh Lalitbhai Rupani |
|
10000 |
|
Total |
|
102970 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
62.64 |
|
Public/Other than promoters – (Individual/ Hindu Undivided Family –
Indian |
37.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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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 : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Poland |
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Terms : |
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Selling : |
Cash, L/C and Credit (30 / 60 Days) |
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Purchasing : |
Cash, L/C and Credit (30 / 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
180 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
R D Bhatti and Associates Chartered Accountants |
|
Address : |
304, Nakshtra II, 150 Feet Ring Road, Opposite KKV Hall, Rajkot – 360005, Gujarat, India |
|
Tel. No.: |
91-281-2571041 |
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Mobile No.: |
91-9898709900 |
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E-Mail : |
|
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFR7342C |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 56.000 Million
Issued, Subscribed & Paid-up Capital : INR 52.086 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5600000 |
Equity Shares |
INR 10/- each |
INR 56.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000
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 |
40.000 |
40.000 |
40.000 |
|
(b) Reserves & Surplus |
102.963 |
95.041 |
97.039 |
|
(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) |
142.963 |
135.041 |
137.039 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
66.854 |
102.347 |
90.331 |
|
(b) Deferred tax liabilities
(Net) |
20.151 |
14.765 |
0.192 |
|
(c) Other long term
liabilities |
70.918 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
157.923 |
117.112 |
90.523 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
10.128 |
82.749 |
118.123 |
|
(b) Trade payables |
209.056 |
143.999 |
60.844 |
|
(c) Other current liabilities |
4.332 |
15.204 |
96.802 |
|
(d) Short-term provisions |
9.627 |
3.702 |
5.761 |
|
Total
Current Liabilities (4) |
233.143 |
245.654 |
281.530 |
|
|
|
|
|
|
TOTAL |
534.029 |
497.807 |
509.092 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
97.039 |
101.137 |
106.478 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
24.953 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
64.642 |
20.356 |
6.121 |
|
(e) Other Non-current assets |
45.949 |
24.794 |
20.307 |
|
Total
Non-Current Assets |
232.583 |
146.287 |
132.906 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
104.535 |
113.475 |
142.495 |
|
(c) Trade receivables |
142.905 |
165.408 |
93.566 |
|
(d) Cash and cash equivalents |
13.419 |
27.425 |
68.027 |
|
(e) Short-term loans and
advances |
37.150 |
40.461 |
65.067 |
|
(f) Other current assets |
3.437 |
4.751 |
7.031 |
|
Total
Current Assets |
301.446 |
351.520 |
376.186 |
|
|
|
|
|
|
TOTAL |
534.029 |
497.807 |
509.092 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
883.379 |
975.506 |
793.994 |
|
|
Other Income |
1.315 |
1.728 |
2.552 |
|
|
TOTAL
|
884.694 |
977.234 |
796.546 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
735.962 |
842.253 |
694.199 |
|
|
Purchases of Stock-in-Trade |
0.000 |
21.063 |
34.278 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
0.000 |
3.029 |
(2.577) |
|
|
Employees benefits expense |
15.087 |
3.206 |
2.319 |
|
|
Other expenses |
74.621 |
55.959 |
23.951 |
|
|
TOTAL |
825.670 |
925.510 |
752.170 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
59.024 |
51.724 |
44.376 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.609 |
26.871 |
20.058 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.415 |
24.853 |
24.318 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.343 |
6.935 |
6.677 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
21.072 |
17.918 |
17.641 |
|
|
|
|
|
|
|
Less |
TAX |
13.151 |
16.048 |
6.198 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7.921 |
1.870 |
11.443 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.394 |
50.524 |
46.905 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
MAT Credit Entitlement |
0.000 |
0.000 |
7.824 |
|
|
Total
|
0.000 |
0.000 |
7.824 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
60.315 |
52.394 |
50.524 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1.98 |
0.47 |
2.86 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
INR 900.000
Million |
The above information has been parted by Mr. Chirag (Finance Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.676 |
0.360 |
0.423 |
|
Cash generated from operations |
58.127 |
(4.061) |
99.059 |
|
Net cash flow from operating activity |
52.088 |
(10.122) |
93.659 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
59.05 |
61.89 |
43.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.18 |
5.90 |
8.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
103.68 |
60.88 |
30.49 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.56 |
0.46 |
0.31 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.48 |
0.51 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.70 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.54 |
1.37 |
1.52 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.63 |
1.82 |
2.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.85 |
0.75 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.93 |
1.92 |
2.21 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.90 |
0.19 |
1.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.48 |
0.38 |
2.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.54 |
1.38 |
8.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.29 |
1.43 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.84 |
0.97 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
0.27 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.94 |
4.64 |
5.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.29 |
1.43 |
1.34 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
97.039 |
95.041 |
102.963 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
137.039 |
135.041 |
142.963 |
|
|
|
|
|
|
Long Term borrowings |
90.331 |
102.347 |
66.854 |
|
Short Term borrowings |
118.123 |
82.749 |
10.128 |
|
Current Maturities of Long term debt |
0.423 |
0.360 |
0.676 |
|
Total
borrowings |
208.877 |
185.456 |
77.658 |
|
Debt/Equity
ratio |
1.524 |
1.373 |
0.543 |
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
|
793.994 |
975.506 |
883.379 |
|
|
|
22.861 |
(9.444) |
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
|
793.994 |
975.506 |
883.379 |
|
Profit |
11.443 |
1.870 |
7.921 |
|
|
1.44% |
0.19% |
0.90% |
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 |
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) |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
The subject is engaged in erection, installation and commissioning of
cold storage and other refrigeration plants.
BRIEF DESCRIPTION
OF THE COMPANY’S WORKING DURING THE YEAR / STATE OF COMPANY’S AFFAIRS:
During the year, Revenue from operation of the company amounted to INR
883.379 Million as compared to INR 975.506 Million in the previous year. The
company earned net profit of INR 7.921 Million as compared to net profit of INR
1.870 Million in the previous year. The directors are hopeful for continuation
of good performance in upcoming years.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and
Advances from related parties: |
|
|
|
Loans from Shareholders, Directors of their relatives |
26.239 |
61.647 |
|
Total |
26.239 |
61.647 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G42714964 |
100084503 |
AXIS BANK LIMITED |
17/03/2017 |
22/03/2017 |
- |
175000000.0 |
CORPORATE BANKING BRANCH, 3RD EYE ONE BUILDING, C.G. ROAD, AHMEDABAD – 382729, GUJARAT, INDIA |
|
2 |
C29472016 |
10525595 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
10/10/2014 |
- |
- |
40000000.0 |
NAVJIVAN AMRIT JAYANTI BHAVAN, 1ST FLOOR, POST BOX NO.10, NAVJIVAN POST OFFICE, AHMEDABAD – 360014, GUJARAT, INDIA |
|
3 |
C29474475 |
10525600 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
09/10/2014 |
- |
- |
40000000.0 |
NAVJIVAN AMRIT JAYANTI BHAVAN, 1ST FLOOR, POST BOX NO.10, NAVJIVAN POST OFFICE, AHMEDABAD – 360014, GUJARAT, INDIA |
|
4 |
C43172691 |
10191228 |
IDBI BANK LTD. |
24/12/2009 |
23/01/2015 |
- |
260000000.0 |
IDBI COMPLEX, NEAR LAL BUNGLOW, OPPOSITE MUNICIPAL STAFF QUATER, C.G.ROAD, AHMEDABAD – 380006, GUJARAT, INDIA |
FIXED ASSETS
- Air Conditioner
- CCTV Camera
- Office Equipment
- Telephone Instrument
- Water Cooler
- Car
- Computer
- Digital Penetrometer
- Pallets
- Plant and Machinery
- Thermal Imager
- Electrification
- Office Furniture
- Factory Insulated Building
- Factory Shed Building
- Land
PRESS RELEASE
GUJARAT-BASED CO TO
SET UP COLD STORAGE FACILITY IN BANGLADESH
AHMEDABAD, FEBRUARY
7, 2018
Ahmedabad-based Natural Storage Solutions Pvt Ltd (NSSPL) announced on Wednesday the signing of a memorandum of understanding (MoU) with Dhaka-based Star Infrastructure Development Consortium Ltd for setting up a cold storage facility in the neighbouring country.
NSSPL is a designer and manufacturer of industrial refrigeration applications. Its portfolio includes turnkey solutions for refrigeration plants used for multi-purpose cold storage.
It also offers expertise in cold chain solutions with special purpose food processing equipment.
Star Infrastructure Development Consortium is an amalgamation of 16 entrepreneurs.
The two companies signed an agreement for setting up a controlled and modified atmosphere cold storage at a cost of ₹28.80 crore.
The agreement entailed installation of special storage technology for long-term storage of onions and support for export of onions and other vegetables, Yogesh Dahiya, Managing Director, NSSPL, said.
Currently, NSSPL has a presence in the export market in West Asia, South Africa and Central America. India's exports to Bangladesh in 2010-11 stood at $4.56 billion, which increased to $6.16 billion in 2016-17.
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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
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.