|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510096 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAHINDRA INTERTRADE LIMITED |
|
|
|
|
Formerly Known
As : |
MAHINDRA EXPORTS LIMITED |
|
|
|
|
Registered
Office : |
Mahindra Towers, P.K. Kurne Chowk, Worli Road No 13, Worli, Mumbai-400018, Maharashtra |
|
Tel. No.: |
91-22-24935185/5186 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.03.1978 |
|
|
|
|
Com. Reg. No.: |
11-020222 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 166.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1978PLC020222 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0388124946 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM4745P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is principally engaged in processing of automotive and electrical steel. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 14200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Mahindra Intertrade Limited is a step-down subsidiary of
Mahindra & Mahindra Limited and was incorporated in the year 1978. It is
engaged in manufacturing, selling, and processing of steel products,
automotive and electrical steel sheets.
|
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 |
ICRA |
|
Rating |
Long term bank facilities : AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
07.07.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term bank facilities : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
07.07.2017 |
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 24.05.2018
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 BY
|
Name : |
Mr. Akhand Singh |
|
Designation : |
Head of Business Development |
|
Contact No.: |
91-9810424062 |
|
Date : |
20.05.2018 |
(Tel No.: 91-22-24935185 - Continuously
Ringing)
LOCATIONS
|
Registered Office / Head Office : |
Mahindra Towers, P.K. Kurne Chowk, Worli Road No 13, Worli, Mumbai-400018, Maharashtra, India |
|
Tel. No.: |
91-22-24935185/5186 |
|
Fax No.: |
91-22-24951236/ 1872 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Office 1 : |
Mahindra Towers, 2- A, Bhikaiji Cama Place, New Delhi – 110066, India |
|
Tel. No.: |
91-11-41220300 |
|
|
|
|
Regional Office 2: |
Mahindra Towers 17 / 18, Pattullos Road, Off Mount Road, Chennai – 600002, Tamilnadu, India |
|
Tel. No.: |
91-44-28571031 |
|
|
|
|
Plant 1 : |
At & Post : Gonde, Taluka : Igatpuri District : Nashik – 422403, Maharashtra, India |
|
Tel. No.: |
91-2553-225632 |
|
|
|
|
Plant 2 : |
132 KV/2, GIDC Savli Industrial Estate, Manjusar, Taluka : Savli Vadodara – 391770, Gujarat, India |
|
Tel. No.: |
91 2667-264762 |
|
|
|
|
Service Centers : |
Located at :
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sumit Issar |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1B/43, Kalpataru Gardens, Off Akurli Road, Ashok Nagar, Kandivali (East),
Mumbai - 400101, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.04.1971 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06951249 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Zhooben Dosabhoy Bhiwandiwala |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
S-13, Cusrow Baug, Shahid Bhagat Singh Road, Colaba, Mumbai - 400039,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.12.1959 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com., C. A. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.01.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00110373 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bharat Narotam Doshi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8, St. Helen's Court, Peddar Road, Mumbai - 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.06.1949 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com., LLM, FCA, FCS,
PMD (Harvard) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.12.1990 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00012541 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pravin Nagindas Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
41/42, Sailesh, Plot No.94a, Linking Road, TPS 2, Santacruz (West),
Mumbai - 400054, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.05.1954 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com, C. A. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.07.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00056173 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sudhir Gunvantray Mankad |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No. 192, Sector-8-C, Gandhinagar, Gandhinagar - 382007, Gujarat,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.06.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00086077 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajeev Bidyanand Dubey |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1701 Mahindra Heights, 96 Tardeo Road, Mumbai - 400034, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.04.1954 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.A., M.A., MBA (Yale) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.02.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00104817 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Parag Chandulal Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7 Kailas, 50 Pedder Road, Mumbai - 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.11.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
BS (Computer
Engineering), PMD (Harvard) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.07.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00374944 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Dr. Punita Kumar Sinha |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
51 Gate House Road, Newton Ma, Massachusetts - 024671320, United
States of America |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.10.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05229262 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Kumar Barat |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
501A, Sterling Seaface 13/9, Dr. Annie Besant Road, Worli, Mumbai
400018, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.02.2018 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00492930 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Romali Mahesh Malvankar |
|
Designation : |
Company Secretary |
|
Address : |
2/69, Keshav Bhuvan, L.J. Road, Shivaji Park, Mumbai-400016, Maharashtra, India |
|
Date of Appointment : |
18.01.2016 |
|
PAN No. : |
BFGPM3241B |
|
|
|
|
Name : |
Percy Dara Mahernosh |
|
Designation : |
Chief Finance Executive |
|
Address : |
504, Rahul Apartment II, B Parulekar Marg, Dadar (West), Mumbai - 400028, Maharashtra, India |
|
Date of Appointment : |
01.08.2015 |
|
PAN No. : |
AFBPM4150M |
|
|
|
|
Name : |
Mr. Akhand Singh |
|
Designation : |
Head of Business Development |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
Mahindra Vehicle Manufacturers Limited, India (Demat) |
*27100000 |
|
Mahindra Vehicle Manufacturers Limited, India Jt with Vijay Arora |
1 |
|
Mahindra Vehicle Manufacturers Limited, India Jt with Narayan Shankar |
1 |
|
Mahindra Vehicle Manufacturers Limited, India (Physical) |
1 |
|
Mahindra Vehicle Manufacturers Limited, India Jt with Zhooben Bhiwandiwala |
1 |
|
Mahindra Vehicle Manufacturers Limited, India Jt with P. N. Shah |
1 |
|
Mahindra Vehicle Manufacturers Limited, India Jt with Sumit Issar |
1 |
|
Mahindra Vehicle Manufacturers Limited, India Jt with Percy Mahernosh |
1 |
|
Total |
27100007 |
*Out of these shares 15000000 equity shares are partly paid up @ INR 3/- per share
Equity Share Break up (Percentage of Total Equity)
As on 23.06.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is principally engaged in processing of automotive and electrical steel. (Registered Activity) |
||||||||||||||
|
|
|
||||||||||||||
|
Products / Services
: |
|
||||||||||||||
|
|
|
||||||||||||||
|
Brand Names : |
Not Available |
||||||||||||||
|
|
|
||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||
|
|
|
||||||||||||||
|
Exports : |
Not Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Imports : |
Not Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD3771D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
· Mahindra and Mahindra Limited (Up to 17th January,2016) · Mahindra Vehicle Manufacturers Limited (w.e.f. 18th January, 2016) |
|
|
|
|
Ultimate Holding
Company: |
· Mahindra and Mahindra Limited (w.e.f. 18th January, 2016) |
|
|
|
|
Subsidiary Companies
: |
· Mahindra Electrical Steel Private Limited CIN No.: U27100MH2009PTC193205 · Mahindra MiddleEast Electrical Steel Service Centre (FZC) · Mahindra Steel Service Centre Limited CIN No.: U27100MH1993PLC070416 · Mahindra Auto Steel Private Limited CIN No.: U27100MH2013PTC250979 · Mahindra MSTC Recycling Private Limited CIN No.: U37100MH2016PTC288535 |
|
|
|
|
Fellow Subsidiaries
: |
· Mahindra Holidays and Resorts India Limited · Mahindra Retail Private Limited · Mahindra Integrated Business Solutions Private Limited · Mahindra Sona Limited (upto 16th December, 2016) · NBS International Limited · Mahindra Sanyo Special Steel Private Limited · Mahindra First Choice Wheels Limited · Mahindra Engineering & Chemical Products Limited · Mahindra Vehicle Manufacturers Limited (upto 17th January, 2016) |
CAPITAL STRUCTURE
After 23.06.2017
Authorised Capital :INR 467.500 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12100007 |
Equity Shares 1 |
INR 10/- each |
INR 121.000 Million |
|
15000000 |
Equity Shares 2 |
INR 3/- each |
INR 45.000 Million |
|
|
Total |
|
INR 166.000
Million |
As on 23.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares 1 |
INR 10/- each |
INR 130.000 Million |
|
15000000 |
Equity Shares 2 |
INR 3/- each |
INR 45.000 Million |
|
1875000 |
Preference Shares |
INR 100/- each |
INR 187.500 Million |
|
|
Total |
|
INR 362.500 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12100007 |
Equity Shares 1 |
INR 10/- each |
INR 121.000 Million |
|
15000000 |
Equity Shares 2 |
INR 3/- each |
INR 45.000 Million |
|
|
Total |
|
INR 166.000
Million |
FINANCIAL DATA
[all figures are
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 |
166.000 |
166.000 |
166.000 |
|
(b) Reserves & Surplus |
4799.400 |
4441.500 |
3805.000 |
|
(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) |
4965.400 |
4607.500 |
3971.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
32.900 |
31.600 |
35.800 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
39.300 |
29.000 |
23.200 |
|
Total
Non-current Liabilities (3) |
72.200 |
60.600 |
59.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
45.300 |
0.000 |
0.500 |
|
(b) Trade payables |
1772.700 |
1248.400 |
1224.000 |
|
(c) Other current liabilities |
183.100 |
128.500 |
107.800 |
|
(d) Short-term provisions |
12.000 |
9.000 |
217.900 |
|
Total
Current Liabilities (4) |
2013.100 |
1385.900 |
1550.200 |
|
|
|
|
|
|
TOTAL |
7050.700 |
6054.000 |
5580.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
475.900 |
390.900 |
449.800 |
|
(ii) Intangible Assets |
0.300 |
0.500 |
0.700 |
|
(iii) Capital work-in-progress |
3.700 |
117.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
963.000 |
909.400 |
904.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.400 |
1.400 |
30.000 |
|
(e) Other Non-current assets |
49.300 |
36.800 |
0.000 |
|
Total
Non-Current Assets |
1493.600 |
1456.000 |
1384.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
575.500 |
356.300 |
110.000 |
|
(b) Inventories |
1620.600 |
1832.000 |
1607.500 |
|
(c) Trade receivables |
2160.100 |
1726.200 |
2052.300 |
|
(d) Cash and cash equivalents |
962.300 |
585.600 |
333.000 |
|
(e) Short-term loans and
advances |
100.000 |
0.000 |
87.100 |
|
(f) Other current assets |
138.600 |
97.900 |
5.500 |
|
Total
Current Assets |
5557.100 |
4598.000 |
4195.400 |
|
|
|
|
|
|
TOTAL |
7050.700 |
6054.000 |
5580.200 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
9915.000 |
10979.200 |
11935.200 |
|
|
Other Income |
157.000 |
93.400 |
201.700 |
|
|
TOTAL
|
10072.000 |
11072.600 |
12136.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
7165.400 |
7800.600 |
9897.600 |
|
|
Purchases of Stock-in-Trade |
717.500 |
832.100 |
760.900 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(47.900) |
69.700 |
(134.000) |
|
|
Employees benefits expense |
167.600 |
151.900 |
129.000 |
|
|
Other expenses |
1096.900 |
1199.100 |
312.800 |
|
|
TOTAL |
9099.500 |
10053.400 |
10966.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
972.500 |
1019.200 |
1170.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.400 |
13.600 |
17.200 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
960.100 |
1005.600 |
1153.400 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
57.200 |
45.900 |
51.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
902.900 |
959.700 |
1102.400 |
|
|
|
|
|
|
|
Less |
TAX |
306.200 |
329.800 |
380.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
596.700 |
629.900 |
721.700 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
71.900 |
48.300 |
0.000 |
|
|
TOTAL
EARNINGS |
71.900 |
48.300 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
35.95 |
37.95 |
43.48 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1172.500 |
1045.300 |
(334.500) |
|
Net cash flows from (used in) operating activities |
865.600 |
730.100 |
(739.700) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
79.52 |
57.39 |
62.76 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.59 |
6.36 |
5.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
82.08 |
52.78 |
41.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.60 |
0.56 |
0.73 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.03 |
2.00 |
2.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.29 |
0.23 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.41 |
0.30 |
0.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.10 |
0.11 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
78.43 |
74.94 |
68.06 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.02 |
5.74 |
6.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.46 |
10.40 |
12.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.02 |
13.67 |
18.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.76 |
3.32 |
2.71 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.96 |
2.00 |
1.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.70 |
0.76 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.27 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.76 |
3.32 |
2.71 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
166.000 |
166.000 |
166.000 |
|
Reserves & Surplus |
3805.000 |
4441.500 |
4799.400 |
|
Net
worth |
3971.000 |
4607.500 |
4965.400 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.500 |
0.000 |
45.300 |
|
Total
borrowings |
0.500 |
0.000 |
45.300 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.009 |
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 |
11935.200 |
10979.200 |
9915.000 |
|
|
|
(8.010) |
(9.693) |
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 |
11935.200 |
10979.200 |
9915.000 |
|
Profit/ (Loss) |
721.700 |
629.900 |
596.700 |
|
|
6.05% |
5.74% |
6.02% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B07750946 |
10003008 |
Axis Bank Limited |
18/04/2006 |
22/02/2011 |
- |
150000000.0 |
CREDIT MANAGEMENT CENTRE,UNIT NO.6, CORPORATE PARK, SION TROMBAY ROAD, CHEMBUR MUMBAI MAHARASHTRA 400071 INDIA |
|
2 |
Z01060817 |
80059422 |
DBS Bank Limited |
28/02/2006 |
- |
- |
210000000.0 |
3rd Floor, Fort House221, Dr. D. N. Road, Fort Mumbai MAHARASHTRA 400001 INDIA |
|
3 |
Z01052153 |
80058759 |
HDFC Bank Limited |
20/02/2006 |
- |
- |
550000000.0 |
Sandoz House, Dr. A.B. Road Worli Mumbai MAHARASHTRA 400018 INDIA |
|
4 |
Z00851912 |
80054061 |
IDBI BANK LIMITED |
27/08/2004 |
- |
- |
450000000.0 |
224-A MITTAL COURTNARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
|
5 |
Z01060818 |
80059423 |
The Bank of Nova Scotia |
06/10/2000 |
- |
- |
200000000.0 |
Mittal Towers, B-Wing Nariman Point Mumbai MAHARASHTRA 400021 INDIA |
|
6 |
B28286375 |
80020214 |
STATE BANK OF INDIA |
12/10/1999 |
01/12/2011 |
- |
1375000000.0 |
Corporate Accounts Group, Neville House, J. N. Heredia Marg, Ballard Estate, MUMBAI MAHARASHTRA 400001 INDIA |
|
7 |
B36115616 |
10103713 |
STATE BANK OF INDIA LIMITED |
18/03/2008 |
- |
29/03/2012 |
350000000.0 |
Corporate Accounts Group, Neville House, J. N. Heredia Marg, Ballard Estate, MUMBAI MAHARASHTRA 400001 INDIA |
|
8 |
A83943886 |
80058514 |
ING Vysya Bank LIMITED |
24/09/1999 |
12/10/2005 |
15/04/2010 |
650000000.0 |
Industrial Finance Branch, Poonam Chambers, Gr. Floor, Dr. A.B. Road, Mumbai MAHARASHTRA 400018 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Claims against company not acknowledged as debt |
42.300 |
55.400 |
|
Total
|
42.300 |
55.400 |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Computer
- Plant and equipment
- Office equipment
- Computer equipments
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 : |
SHA |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·