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|
|
MIRA
INFORM REPORT
|
Report No. : |
511067 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PALLAVA TEXTILES PRIVATE LIMITED (w.e.f. 24.02.2015) |
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|
|
|
Formerly Known
As : |
PALLAVA
TEXTILE PRIVATE LIMITED (w.e.f. 21.01.2015) PALLAVA
TEXTILE LIMITED (w.e.f. 03.06.1997) PALLAVA TEXTILES LIMITED PALLAVA TEXTILES PRIVATE LIMITED |
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Registered
Office : |
27-C, Sankari Bye Pass Road, Pallipalayam, Erode - 638006, Tamilnadu |
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Tel. No.: |
91-4288-245801 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
10.03.1995 |
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|
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Com. Reg. No.: |
18-005909 |
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Capital
Investment / Paid-up Capital : |
INR 146.875 Million |
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CIN No.: [Company Identification
No.] |
U17111TZ1995PTC005909 |
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IEC No.: [Import-Export Code No.] |
3298024261 |
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GSTN : [Goods & Service Tax
Registration No.] |
33AABCP9105F1ZR |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCP9105F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Viscose, Cotton, Polyster Yarn, Fabric, etc. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
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 |
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Maximum Credit Limit : |
USD 3410400 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. The company manufactures grey fabric, viscose yarn, and other blended yarn varieties. As per the financial records of 2017, the company has achieved a satisfactory growth of 33.80% in its revenue as compared to the previous year’s revenue and has earned an average net profit margin of 4.09%. The company possesses sound financial position marked by healthy net worth base along with low debt balance sheet profile and comfortable liquidity position. Rating takes into consideration the company’s favourable Earnings Per Share (EPS) of INR 167.7 as against its Face Value (FV) of INR 100. Subject was been found under RBI defaulter’s list the name of the credit grantor is INR Vysya Bank Limited and the amount charged is INR 790 million dated 30.06.13 and latest updates about the same are not available. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans=A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
30.01.2018 |
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|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
30.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
SUIT-FILED ACCOUNTS
(WILLFUL DEFAULTERS) OF INR 2.500 MILLION AND ABOVE AS ON 23-MAY-2018 BORROWERS
DETAILS
|
Borrowers’ Name : |
Pallava Textiles Limited |
|
Address : |
No.27 C, Sankari Bye Pass Road, Pallipalayam, Erode-638006, Tamilnadu |
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Name of Individual : |
|
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Name of Credit Grantors / Bank & Branch: |
Ing Vysya Bank Limited [ERODE] |
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Amount (INR In Million) : |
INR 790.300 Million |
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
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-4288-245801]
[91-9942282688/ 4288-245525] is continuously ringing
LOCATIONS
|
Registered/ Head Office/ Factory : |
27-C, Sankari Bye Pass Road, Pallipalayam, Erode - 638006, Tamilnadu,
India |
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Tel. No.: |
91-4288-245801 |
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Fax No.: |
91-4288-245526 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sengodagounder Muthusamy |
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Designation : |
Director |
|
Address : |
New No. 65, Old No. 7, Bye Pass Road, Pallipalayam, Tiruchengod E, Namakkal, District - 638006, Tamilnadu, India |
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Date of Birth/Age : |
07.05.1939 |
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Qualification : |
Secondary |
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Date of Appointment : |
10.03.1995 |
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PAN No.: |
ADEPM5550G |
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DIN No.: |
01369099 |
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|
|
|
Name : |
Mr. Vellayagounder Sengodagounder Palanisamy |
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Designation : |
Director |
|
Address : |
New No. 67, Old No. 13 Bye Pass Road, Pallipalayam, Tiruchengod E, Namakkal District-638006, Tamil Nadu, India |
|
Date of Birth/Age : |
06.10.1948 |
|
Qualification : |
Secondary |
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Date of Appointment : |
10.03.1995 |
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PAN No.: |
ADIPP1481B |
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DIN No.: |
01369156 |
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|
|
|
Name : |
Mr. Muthusamy Ravichandran |
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Designation : |
Director |
|
Address : |
New No. 65, Old No. 7 Bye Pass Road, Pallipalayam, Tiruchengod E, Namakkal District-638006, Tamil Nadu, India |
|
Date of Birth/Age : |
15.04.1965 |
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Qualification : |
Graduation |
|
Date of Appointment : |
10.03.1995 |
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PAN No.: |
ADXPR7514C |
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DIN No.: |
01369264 |
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|
|
|
Name : |
Mr. Palanisamy Duraisamy |
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Designation : |
Director |
|
Address : |
New No. 67, Old No. 13, Bye Pass Road, Pallipalayam, Tiruchengod E, Namakkal District-638006, Tamil Nadu, India |
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Date of Birth/Age : |
20.09.1974 |
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Qualification : |
Graduation |
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Date of Appointment : |
10.03.1995 |
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PAN No.: |
ACKPD5056H |
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DIN No.: |
01369280 |
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|
|
|
Name : |
Mr. Muthusamy Palanisamy Devarajan |
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Designation : |
Director |
|
Address : |
165 E, Gandhipuram, 1st Street, Pallipalayam, Thiruchengode-638006, Tamil Nadu, India |
|
Date of Birth/Age : |
16.05.1964 |
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Qualification : |
Graduation |
|
Date of Appointment : |
10.03.1995 |
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PAN No.: |
AGAPD5676P |
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DIN No.: |
02106075 |
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|
|
|
Name : |
Mr. Govindampalyam Muthusamy Palanisamy |
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Designation : |
Director |
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Address : |
G M Palanisamy and Co, Paper Mill Road, Pallipalayam Post, Thiruchengode-638006, Tamil Nadu, India |
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Date of Birth/Age : |
19.11.1939 |
|
Qualification : |
Secondary |
|
Date of Appointment : |
10.03.1995 |
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PAN No.: |
AJIPP7698E |
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DIN No.: |
02106268 |
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|
|
|
Name : |
Mr. Devaraj Naveenkumar |
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Designation : |
Director |
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Address : |
67-2/165E, R. S. Road, Pallipalayam, Tiruchengode - 638006, Tamil Nadu, India |
|
Date of Birth/Age : |
01.11.1989 |
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Qualification : |
Graduation |
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Date of Appointment : |
29.08.2012 |
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PAN No.: |
AOHPN1011M |
|
DIN No.: |
05317183 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Promoters and their relatives |
|
|
|
G. M. Palanisamy |
|
167356 |
|
S. Muthusamy |
|
231656 |
|
V. S. Palanisamy |
|
314469 |
|
M. P. Devaraj |
|
74756 |
|
M. Ravichandran |
|
106388 |
|
P. Duraisamy |
|
19006 |
|
D. Shanti |
|
73600 |
|
P. Saraswathi |
|
9519 |
|
M. Rajammal |
|
12500 |
|
P. Palaniammal |
|
30750 |
|
D. Naveenkumar |
|
625 |
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Promoters related Trust |
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|
|
Duraisamy Benificiary Trust, India |
|
16250 |
|
Muralidharan Benificiary Trust, India |
|
29938 |
|
Promoters related company |
|
|
|
Sri Cheren Synthtics India Private Limited, India |
|
381938 |
|
|
|
|
|
Total |
|
1468751 |
AS ON: 25.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
70.85 |
|
Promoters – Body Corporate |
26.00 |
|
Promoters – Others [Trust] |
3.15 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Viscose, Cotton, Polyster Yarn, Fabric, etc. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Kotak Mahindra Bank Limited 918, I Floor, Park Road, P.B.No.281, Karungalapalyam PO,, Erode - 638003, Tamilnadu, India · State Bank of India Commercial Branch 45, Sathy Road, Erode-638003, Tamilnadu, India |
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Facilities : |
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Auditors : |
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Name : |
T N Ramadoss and Company Chartered Accountants |
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Address : |
54, Town Railway station Road, Salem, Tamilnadu, India |
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PAN No.: |
AAAFT9046R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Sri Cheran Synthetics India Private Limited · VSM Weavess India Private Limited · R. M. D. Weaving Mills Private Limited, India [U18101DL2003PTC121197] · VSP Industries Private Limited · G.M. Palaniswamy and Co. |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 100/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1468751 |
Equity Shares |
INR 100/- each |
INR 146.875 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 |
146.875 |
117.500 |
117.500 |
|
(b) Reserves & Surplus |
1046.782 |
829.852 |
706.250 |
|
(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) |
1193.657 |
947.352 |
823.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
977.056 |
504.067 |
598.021 |
|
(b) Deferred tax liabilities (Net) |
0.296 |
27.517 |
57.149 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
977.352 |
531.584 |
655.170 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
222.948 |
216.409 |
274.840 |
|
(b)
Trade payables |
36.152 |
116.430 |
36.236 |
|
(c)
Other current liabilities |
356.908 |
255.892 |
197.712 |
|
(d)
Short-term provisions |
28.136 |
18.577 |
25.721 |
|
Total
Current Liabilities (4) |
644.144 |
607.308 |
534.509 |
|
|
|
|
|
|
TOTAL |
2815.153 |
2086.244 |
2013.429 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1632.621 |
1069.518 |
1274.091 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
25.508 |
6.968 |
3.491 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
22.475 |
25.990 |
4.284 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
26.413 |
20.939 |
28.540 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
11.816 |
|
Total
Non-Current Assets |
1707.017 |
1123.415 |
1322.222 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
502.149 |
466.420 |
281.895 |
|
(c)
Trade receivables |
375.863 |
294.932 |
283.584 |
|
(d)
Cash and cash equivalents |
14.595 |
100.065 |
34.303 |
|
(e)
Short-term loans and advances |
168.286 |
53.989 |
58.063 |
|
(f)
Other current assets |
47.243 |
47.423 |
33.362 |
|
Total
Current Assets |
1108.136 |
962.829 |
691.207 |
|
|
|
|
|
|
TOTAL |
2815.153 |
2086.244 |
2013.429 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
6021.622 |
4500.439 |
2988.464 |
|
|
|
Other Income |
47.155 |
55.102 |
54.667 |
|
|
|
TOTAL |
6068.777 |
4555.541 |
3043.131 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3440.076 |
2701.169 |
1739.824 |
|
|
|
Purchases of Stock-in-Trade |
394.835 |
23.303 |
14.871 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(21.208) |
7.745 |
-65.172 |
|
|
|
Employees benefits expense |
99.142 |
74.208 |
67.111 |
|
|
|
Other expenses |
1349.089 |
1181.420 |
666.907 |
|
|
|
Exceptional Items |
(8.884) |
0.462 |
0.000 |
|
|
|
TOTAL |
5253.050 |
3988.307 |
2423.541 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
815.727 |
567.234 |
619.590 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
56.977 |
104.564 |
104.537 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
758.750 |
462.670 |
515.053 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
464.084 |
303.622 |
259.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
294.666 |
159.048 |
255.582 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
48.360 |
35.447 |
39.656 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
246.306 |
123.601 |
215.926 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
167.70 |
105.19 |
183.77 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
191.812 |
127.641 |
125.701 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
472.872 |
419.092 |
321.233 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
462.057 |
462.251 |
363.728 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
22.78 |
23.92 |
34.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
16.02 |
15.26 |
10.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
3.44 |
15.60 |
7.54 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.62 |
1.22 |
2.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.49 |
0.53 |
0.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.64 |
0.59 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.17 |
0.90 |
1.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.54 |
0.64 |
0.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.39 |
1.14 |
1.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
14.32 |
5.42 |
5.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.09 |
2.75 |
7.23 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.75 |
5.92 |
10.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.63 |
13.05 |
26.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.72 |
1.59 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
0.82 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.45 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.48 |
7.22 |
8.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.72 |
1.59 |
1.29 |
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 |
117.500 |
117.500 |
146.875 |
|
Reserves & Surplus |
706.250 |
829.852 |
1046.782 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
823.750 |
947.352 |
1193.657 |
|
|
|
|
|
|
long-term borrowings |
598.021 |
504.067 |
977.056 |
|
Short term borrowings |
274.840 |
216.409 |
222.948 |
|
Current Maturities of Long
term debt |
125.701 |
127.641 |
191.812 |
|
Total
borrowings |
998.562 |
848.117 |
1391.816 |
|
Debt/Equity
ratio |
1.212 |
0.895 |
1.166 |
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 |
2988.464 |
4500.439 |
6021.622 |
|
|
|
50.594 |
33.801 |
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 |
2988.464 |
4500.439 |
6021.622 |
|
Profit |
215.926 |
123.601 |
246.306 |
|
|
7.23% |
2.75% |
4.09% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B78749488 |
10322439 |
STATE BANK OF INDIA |
23/11/2011 |
21/05/2013 |
- |
1560100000.0 |
12A BYE PASS ROADPALLIPALAYAMERODETN638006IN |
|
2 |
G45362142 |
90000778 |
STATE BANK OF INDIA |
25/09/1997 |
21/04/2017 |
- |
2693300000.0 |
Commercial Branch45, Sathy Road,ERODETN638003IN |
|
3 |
B85412740 |
10042562 |
ING VYSYA BANK LIMITED |
18/01/2007 |
01/11/2010 |
19/09/2013 |
258600000.0 |
918,I FLOOR, PARK ROAD,P.B.NO.281, KARUNGALAPALYAM PO,ERODETN638003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
45.400 |
21.600 |
|
|
|
|
|
Total |
45.400 |
21.600 |
PERFORMANCE:
The highlights of the Company’s performance are as under:
Revenue from operations was increased by 33.80 % by INR 1521.200 Million. PBDIT increased by 43.81% by INR 248.493 Million. Profit before Tax increased by 85.27% by INR 135.618 Million Cash Profit increased by 66.28% by INR 283.166 Million. Net Profit after Tax was increased by 99.27% by INR 122.705 Million. During the year, the turnover of the company has been increased by INR 1521.200 Million, from INR 4500.439 Million to INR 6021.622 Million. Resultantly, the profit before interest and depreciation has increased by Rs.2484.93 lakhs. The company earned cash profit of INR 710.389 Million as against INR 427.223 Million in the previous year. The performance of the company was good. The company is confident of further capitalizing on growth opportunities during the current year and enhancing profitability and widening its ability to serve customers with emphasis on improving quality and productivity.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.21 |
|
UK Pound |
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
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.