|
|
|
MIRA INFORM REPORT
|
Report No. : |
509989 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ACG PHARMAPACK PRIVATE LIMITED (w.e.f. 11.01.2008) |
|
|
|
|
Formerly Known
As : |
PRIKARNA PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1001, Dalamal House, 10th Floor, Nariman Point, Mumbai –
400021, Maharashtra |
|
Tel. No.: |
91-22-22872557 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.12.2004 |
|
|
|
|
Com. Reg. No.: |
11-149770 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 85.463
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2004PTC149770 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0308019407 |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA0550D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Calendared PVC film, PETG,
Barex, PVDC Coats and produces PVC/ACLAR and other complex laminates [Registered Activity and also
Confirmed by Management] |
|
|
|
|
No. of Employees
: |
350 [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4588000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004 and it is engaged in manufacturing barrier-packing films for the pharmaceutical, medical-device, personal care and food packaging sectors. As per the financials of March 2017, the company has registered a growth of 6.59% in its revenue as compared to its previous year’s revenue and has reported a good profit margin of 7.58% under review. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth along with strong debt coverage indicators and decent liquidity position. Further, the company has reported a good Earnings Per Share of INR 292.36 against its face value of INR 100. Payments seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
NOT AVAILABLE
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 26.05.2018.
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 [GENERAL DETAILS]
|
Name : |
Mr. Vivek Joshi |
|
Designation : |
Senior Manager Finance |
|
Contact No.: |
91-9881904031 |
|
Date : |
19.05.2018 |
Given number [91-8450951544 - Mr. SR Shivshankar] ringing
LOCATIONS
|
Registered Office/ Corporate Headquarters: |
1001, Dalamal House, 10th Floor, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
Tel. No.: |
91-22-30059444 / 30700118/ 22872557 |
|
Mobile No.: |
91-9881904031 (Mr. Vivek Joshi) |
|
Fax No.: |
91-22-22872560 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory : |
Gat No 448, Shindewadi, Taluka Khandala, Shirwal, District Satara – 412801, Maharashtra, India |
|
Tel. No.: |
91-2169-244001/ 305252 |
|
Fax No.: |
91-2169-244379/ 305218 |
|
|
|
|
Sales/ Research Centre/ Corporate Centre : |
Saitech Centre, 7, Prabhat Nagar, Patel Estate, Jogeshwari (West), Mumbai – 400102, Maharashtra, India |
|
Tel No.: |
91-22-30462832/ 30462833/ 26780127/ 26791955/ 26789642 / 22872557 |
|
Fax No.: |
91-22-22872560/ 26783244 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Jasjit Daljit Singh |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2-B, Swapnalok, L.J. Marg. Nepeansea Road, Mumbai – 400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.04.1943 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E (Mechanical) |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.12.2004 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00901470 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAGPS7557Q |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajit Singh |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1-A, Brighton Rungata Lane, Nepeansea Road, Mumbai – 400 006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.11.1941 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.A (CANTAB) and Post Graduate work at Harvard Business School, USA |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.12.2004 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00915347 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAIPS7652Q |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Karan Singh |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Rockdale, 226, B.J.Road Bandstand, Bandra West Mumbai – 400006, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.07.1979 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduatework at Harvard Business School, USA |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.11.2012 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00901342 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAIPS0968B |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sreekantrao Ramarao Shivshankar |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A- 2/303, Windsor Avenue, SRPF Post Office Wanorie, Pune –
411022, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.04.1958 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
BE Mech PG DBM |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABYPS7361R |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.10.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07308595 |
||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rajendra Singh Bisal Singh Rana |
|
Designation : |
Company Secretary |
|
Address : |
21, Prakash Kunj, Krishna Wadi, Jawahar Nagar, Khar (East), Mumbai – 400051, Maharashtra, India |
|
Date of Appointment : |
24.02.2017 |
|
PAN No.: |
AGZPR5759C |
|
|
|
|
Name : |
Mr. Vivek Joshi |
|
Designation : |
Senior Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Associated Capsules Private Limited, |
|
4900 |
|
Ajit Singh Nominee of Associated Capsules Private Limited,
|
|
100 |
|
Associated Capsules Private Limited, |
|
4900 |
|
Jasjit Singh Nominee of Associated Capsules Private
Limited, |
|
100 |
|
Jasjit Singh HUF |
|
12765 |
|
Kavita Jasjit Singh |
|
3780 |
|
Nandini Jasjit Singh |
|
1980 |
|
Singh Family Trust |
|
180 |
|
Sardar Daljit Singh HUF |
|
5580 |
|
MNT Will Trust, India |
|
180 |
|
Priya Jasjit Singh |
|
1980 |
|
Karan Jasjit Singh |
|
1980 |
|
Jasjit Daljit Singh |
|
228733 |
|
Ajit Daljit Singh |
|
251398 |
|
Packshield India Private Limited, |
|
539720 |
|
|
|
|
|
Total |
|
1058276 |
|
Names of Shareholder (Preference Shares) |
|
No. of Shares |
|
AE Advisors Private Limited, |
|
7488000 |
|
Total |
|
7488000 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
2.09 |
|
Promoters (Individual/Hindu Undivided Family - Foreign national (other than NRI)) |
45.95 |
|
Promoters (Body corporate) |
51.93 |
|
Promoters (Other-Trust) |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Calendared PVC film, PETG,
Barex, PVDC Coats and produces PVC/ACLAR and other complex laminates [Registered Activity and also
Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· UK · USA · Brazil · Argentina · Middle East Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Taiwan · Germany |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cheque |
|
|
|
|
Purchasing : |
L/C and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Pharma Industry
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
350 [Approximately] |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
CNK and Associates LLP Chartered Accountants |
|
Address : |
5th Floor, Narain Chambers, M.G. Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFC8587E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Packshield India Private Limited [U28129MH2003PTC139916] |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· ACG Argentian S.R.L · ACG Associated Capsules Private Limited (U24239MH1961PTC012061) · ACG Do Brazil Representacoes Commercials S.A [U72300MH2009PTC192362] · ACG Europe Limited · ACG Inspection Systems Private Limited [U72300MH2009PTC192362] · ACG Metalcrafts Private Limited [U74210MH2010PTC204129] · ACG North America LLC · ACG Pharma Technologies Private Limited [U29251MH1996PTC104558] · ACG Pampac Machines Private Limited [U27299MH1987PTC044041] · ACG Pharmagents LLP · PT ACG Indonesia · AE Advisors Private Limited [U74140MH2010PTC203113] · Nova Nordeplast Industria E Comercio De Plasticos Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
9500000 |
Preference Shares |
INR 10/- each |
INR 95.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 110.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1058276 |
Equity Shares |
INR 10/- each |
INR 10.583 Million |
|
7488000 |
Preference Shares |
INR 10/-
each |
INR 74.880
Million |
|
|
|
|
|
|
|
Total |
|
INR 85.463 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 |
85.463 |
85.463 |
85.463 |
|
(b) Reserves & Surplus |
1520.351 |
1214.684 |
929.343 |
|
(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) |
1605.814 |
1300.147 |
1014.806 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
450.540 |
69.605 |
82.802 |
|
(b) Deferred tax liabilities (Net) |
16.445 |
1.304 |
18.040 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
23.779 |
19.645 |
11.406 |
|
Total
Non-current Liabilities (3) |
490.764 |
90.554 |
112.248 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
503.747 |
11.000 |
188.877 |
|
(b)
Trade payables |
351.140 |
269.355 |
284.493 |
|
(c)
Other current liabilities |
259.682 |
164.779 |
118.372 |
|
(d)
Short-term provisions |
107.549 |
99.571 |
101.929 |
|
Total
Current Liabilities (4) |
1222.118 |
544.705 |
693.671 |
|
|
|
|
|
|
TOTAL |
3318.696 |
1935.406 |
1820.725 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
822.239 |
326.161 |
386.962 |
|
(ii)
Intangible Assets |
0.022 |
0.377 |
0.732 |
|
(iii)
Capital work-in-progress |
0.000 |
5.158 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
409.314 |
12.868 |
3.634 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
164.904 |
72.701 |
14.146 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1396.479 |
417.265 |
405.474 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
111.274 |
0.000 |
|
(b)
Inventories |
660.496 |
351.082 |
382.532 |
|
(c)
Trade receivables |
984.659 |
904.066 |
883.322 |
|
(d)
Cash and cash equivalents |
3.211 |
31.924 |
3.770 |
|
(e)
Short-term loans and advances |
241.724 |
93.626 |
133.152 |
|
(f)
Other current assets |
32.127 |
26.169 |
12.475 |
|
Total
Current Assets |
1922.217 |
1518.141 |
1415.251 |
|
|
|
|
|
|
TOTAL |
3318.696 |
1935.406 |
1820.725 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4079.626 |
3827.556 |
3675.367 |
|
|
|
Other Income |
78.761 |
55.838 |
56.862 |
|
|
|
TOTAL |
4158.387 |
3883.394 |
3732.229 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2734.270 |
2487.704 |
2501.162 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(8.661) |
(11.047) |
(13.858) |
|
|
|
Employees benefits expense |
331.022 |
316.093 |
284.973 |
|
|
|
CSR expenditure |
5.897 |
2.319 |
0.529 |
|
|
|
Other expenses |
568.837 |
556.396 |
517.702 |
|
|
|
TOTAL |
3631.365 |
3351.465 |
3290.508 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
527.022 |
531.929 |
441.721 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.143 |
5.425 |
26.013 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
514.879 |
526.504 |
415.708 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
74.932 |
87.900 |
86.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
439.947 |
438.604 |
329.251 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
130.546 |
153.263 |
105.535 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
309.401 |
285.341 |
223.716 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
1787.910 |
14939.81 |
1388.171 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2614.240 |
2045.502 |
1818.749 |
|
|
|
Components and spare
parts |
7.610 |
6.716 |
2.933 |
|
|
|
Capital Goods |
282.980 |
7.594 |
0.289 |
|
|
TOTAL IMPORTS |
2904.830 |
2059.812 |
1821.971 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
292.36 |
269.60 |
198.61 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
19.065 |
13.198 |
8.615 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
54.883 |
552.554 |
320.246 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(44.384) |
384.945 |
193.696 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
88.10 |
86.21 |
87.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.14 |
4.23 |
4.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
46.87 |
39.52 |
41.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.80 |
1.52 |
1.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.64 |
1.60 |
1.14 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.51 |
0.32 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.61 |
0.07 |
0.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.76 |
0.42 |
0.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.26 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
43.40 |
98.05 |
16.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.58 |
7.45 |
6.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.32 |
14.74 |
12.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.27 |
21.95 |
22.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.57 |
2.79 |
2.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
2.14 |
1.49 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.48 |
0.67 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.39 |
1.10 |
3.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.57 |
2.79 |
2.04 |
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 |
85.463 |
85.463 |
85.463 |
|
Reserves & Surplus |
929.343 |
1214.684 |
1520.351 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1014.806 |
1300.147 |
1605.814 |
|
|
|
|
|
|
long-term borrowings |
82.802 |
69.605 |
450.540 |
|
Short term borrowings |
188.877 |
11.000 |
503.747 |
|
Current Maturities of Long
term debt |
8.615 |
13.198 |
19.065 |
|
Total
borrowings |
280.294 |
93.803 |
973.352 |
|
Debt/Equity
ratio |
0.276 |
0.072 |
0.606 |
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 |
3675.367 |
3827.556 |
4079.626 |
|
|
|
4.141 |
6.586 |
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 |
3675.367 |
3827.556 |
4079.626 |
|
Profit |
223.716 |
285.341 |
309.401 |
|
|
6.09% |
7.45% |
7.58% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B18421784 |
10200491 |
HDFC BANK LIMITED |
21/07/2009 |
24/06/2011 |
- |
380000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G77395721 |
10123785 |
STANDARD CHARTERED
BANK |
27/08/2008 |
25/01/2018 |
- |
780000000.0 |
CRESENZO, 3A,/F,
PLOT NO C-38 & 39, G- BLOCKBANDRA KURLA COMPLEX,MUMBAIMH400051IN |
|
3 |
B67027581 |
10187399 |
HDFC BANK LIMITED |
03/11/2009 |
- |
01/01/2013 |
50000000.0 |
4TH FLOOR MILLENIUM
TOWERSBHANDARKAR ROADPUNEMH411004IN |
|
4 |
B67019299 |
10186272 |
STANDARD CHARTERED
BANK |
09/11/2009 |
- |
28/12/2012 |
50000000.0 |
90, M G
ROAD,FORT,MUMBAIMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
50.540 |
69.605 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
11.000 |
11.000 |
|
|
|
|
|
Total |
61.540 |
80.605 |
COMPANY OVERVIEW:
ACG Pharmapack Private Limited, a member of ACG Worldwide, provides a complete range of high quality barrier-packaging films for the pharmaceutical, medical-device, personal care and food packaging sectors. The company is unique in that it manufactures calendared PVC film, PETG, Barex, PVdC coats and produces PVC/Aclar and other complex laminates all under one roof.
STATE OF THE COMPANY'S AFFAIRS:
In the financial year 2016-17, the Company achieved a revenue from operations of INR 4043.450 Million and has recorded a profit of INR 309.410 Million after tax. The Directors are confident of getting more business in the year. Company will also focus in other segments which will support to boost the business growth and increase the turnover and the Shareholders' value in the coming years.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Open Letters of Credit issued in favour of vendors to the extent materials not received till the year end |
100514.030 |
2939,70.000 |
|
Disputed Income tax liability |
2850.000 |
85.250 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipment’s
·
Office equipment
·
Computer equipment’s
·
Furniture and fixtures
·
Vehicles
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 68.26 |
|
UK Pound |
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
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.