|
|
|
MIRA INFORM REPORT
|
Report No. : |
510241 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FORACE POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10th KM Stone, Delhi Haridwar Road, Bahadrabad, Haridwar – 249402,
Uttarakhand |
|
Mobile No.: |
91-9219417550 (Mr. Rakesh) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.12.1980 |
|
|
|
|
Com. Reg. No.: |
20-005172 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 406.978 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15142UR1980PTC005172 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN / CST No.: |
05001786086 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2295B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and dealers of chemical,
minerals, colours and dyes, synthetic resins, hardners, catalysts, binders,
synthetic tanning agents and leather chemicals, foundry fluxes, synthetic
vegetable and mineral oil. [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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1980 having
satisfactory track records. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported fair profit margin at 5.55% (approximately). The company possesses sound financial profile marked by healthy
networth base along with low debt level and favorable gap between trade
payables to its trade receivables. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
29.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
29.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 DENIED BY
|
Name : |
Mr. Rakesh Yadav |
|
Designation : |
AGM Finance |
|
Contact No.: |
91-9219417550 |
|
Date : |
20.05.2018 |
91-1334-251823 / 325988 / 325989 / 334000 – Not Working
LOCATIONS
|
Registered Office : |
10th KM Stone, Delhi Haridwar Road, Bahadrabad, Haridwar –
249402, Uttarakhand, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9219417550 (Mr. Rakesh Yadav) |
|
Fax No.: |
91-1334-251824/334043 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Courier Address: |
38, Nand Vihar, Haridwar – 249404, Uttarakhand, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Vikas Garg |
||||||||
|
Designation : |
Managing director |
||||||||
|
Address : |
38 Nand Vihar, P O : Gurukul Kangri, Haridwar – 249402, Uttarakhand,
India |
||||||||
|
Date of Birth/Age : |
16.02.1974 |
||||||||
|
Date of Appointment : |
17.01.2007 |
||||||||
|
PAN No.: |
ABIPG9637N |
||||||||
|
DIN No.: |
00785646 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Sonia Garg |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
38 Nand Vihar, P O : Gurukul Kangri, Haridwar – 249402, Uttarakhand,
India |
||||||||
|
Date of Birth/Age : |
08.10.1973 |
||||||||
|
Date of Appointment : |
17.01.2007 |
||||||||
|
PAN No.: |
ACFPG2334L |
||||||||
|
DIN No.: |
00786166 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Dipak Kumar Ghosh |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
27- A Arihant Vihar, P.O. Gurukul Kangri Kankhal, Haridwar – 249404,
Uttarakhand, India |
||||||||
|
Date of Birth/Age : |
24.09.1954 |
||||||||
|
Date of Appointment : |
26.11.2008 |
||||||||
|
PAN No.: |
ABJPG5889M |
||||||||
|
DIN No.: |
02423195 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Suresh Chandra Gupta |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
36 Nand Vihar, P O: Gurukul Kangri, Haridwar – 249402, Uttarakhand,
India |
||||||||
|
Date of Birth/Age : |
06.07.1951 |
||||||||
|
Date of Appointment : |
27.12.1980 |
||||||||
|
PAN No.: |
AAGPG4520P |
||||||||
|
DIN No.: |
00785598 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Yadav |
|
Designation : |
AGM Finance |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
52.69 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
29.58 |
|
Public/Other than promoters [Body corporate] |
17.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and dealers of chemical,
minerals, colours and dyes, synthetic resins, hardners, catalysts, binders, synthetic
tanning agents and leather chemicals, foundry fluxes, synthetic vegetable and
mineral oil. [Registered
Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
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|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|||||||||||||||||||||||||||
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Customers : |
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|||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||
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Bankers : |
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|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Hemant Arora and Company LLP Chartered Accountants |
|
Address : |
354-B, 30, Civil Lines, Roorkee – 247667, Uttarakhand, India |
|
PAN No.: |
AACFH5128G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
· FP Specialty (PTY) Limited, South Africa |
|
|
|
|
Other related party : |
· Vikas Garg (HUF) |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
3900000 |
Preference Shares |
INR 100/- each |
INR 390.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 410.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
184990 |
Equity Shares |
INR 10/- each |
INR 18.499 Million |
|
3884790 |
Preference Shares |
INR 100/- each |
INR 388.479 Million |
|
|
|
|
|
|
|
Total |
|
INR 406.978
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
406.978 |
406.978 |
18.499 |
|
(b) Reserves & Surplus |
174.675 |
47.988 |
340.835 |
|
(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) |
581.653 |
454.966 |
359.334 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
100.091 |
131.164 |
128.358 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.591 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.079 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
100.091 |
131.164 |
129.028 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
445.743 |
391.538 |
417.713 |
|
(b) Trade
payables |
452.203 |
263.300 |
381.870 |
|
(c) Other
current liabilities |
68.079 |
54.922 |
44.807 |
|
(d) Short-term
provisions |
64.121 |
50.778 |
24.145 |
|
Total Current
Liabilities (4) |
1030.146 |
760.538 |
868.535 |
|
|
|
|
|
|
TOTAL |
1711.890 |
1346.668 |
1356.897 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
172.981 |
143.626 |
157.466 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
28.136 |
24.246 |
10.907 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
4.895 |
2.399 |
0.000 |
|
(d)
Long-term Loan and Advances |
19.281 |
4.243 |
2.208 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
225.293 |
174.514 |
170.581 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
213.925 |
165.794 |
181.967 |
|
(c) Trade
receivables |
874.950 |
794.800 |
812.053 |
|
(d) Cash
and cash equivalents |
66.649 |
49.094 |
52.393 |
|
(e)
Short-term loans and advances |
205.750 |
110.015 |
89.124 |
|
(f) Other
current assets |
125.323 |
52.451 |
50.779 |
|
Total
Current Assets |
1486.597 |
1172.154 |
1186.316 |
|
|
|
|
|
|
TOTAL |
1711.890 |
1346.668 |
1356.897 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2348.426 |
2261.072 |
2450.403 |
|
|
Other Income |
39.326 |
12.871 |
13.007 |
|
|
TOTAL |
2387.752 |
2273.943 |
2463.410 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1761.260 |
1678.646 |
1995.541 |
|
|
Purchases of
Stock-in-Trade |
27.507 |
4.289 |
5.499 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.443) |
(8.417) |
4.829 |
|
|
Employee benefit expense |
84.407 |
64.197 |
52.166 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
63.728 |
87.976 |
73.968 |
|
|
CSR expenditure |
0.300 |
1.150 |
0.000 |
|
|
Other expenses |
179.295 |
212.989 |
157.045 |
|
|
Prior period items |
0.000 |
0.202 |
0.680 |
|
|
TOTAL |
2096.054 |
2041.032 |
2289.728 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
291.698 |
232.911 |
173.682 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
66.381 |
57.346 |
74.298 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
225.317 |
175.565 |
99.384 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
36.034 |
31.697 |
38.688 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
189.283 |
143.868 |
60.696 |
|
|
|
|
|
|
|
Less |
TAX |
58.854 |
45.080 |
16.820 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
130.429 |
98.788 |
43.876 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
705.06 |
534.02 |
237.18 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
25.200 |
16.500 |
18.201 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
229.450 |
120.405 |
144.239 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
189.205 |
74.025 |
126.275 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
135.99 |
128.30 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.68 |
2.84 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
92.27 |
57.11 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.36 |
1.40 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.45 |
1.39 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.67 |
0.67 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.98 |
1.19 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.77 |
1.67 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.37 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.39 |
4.06 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
5.55 |
4.37 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.62 |
7.34 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.42 |
21.71 |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.44 |
1.54 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.24 |
1.32 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.34 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.40 |
1.32 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.44 |
1.54 |
0.00 |
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 |
18.499 |
406.978 |
406.978 |
|
Reserves & Surplus |
340.835 |
47.988 |
174.675 |
|
Net
worth |
359.334 |
454.966 |
581.653 |
|
|
|
|
|
|
Long-term borrowings |
128.358 |
131.164 |
100.091 |
|
Short term borrowings |
417.713 |
391.538 |
445.743 |
|
Current maturities of
long-term debts |
18.201 |
16.500 |
25.200 |
|
Total
borrowings |
564.272 |
539.202 |
571.034 |
|
Debt/Equity
ratio |
1.570 |
1.185 |
0.982 |
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 |
2450.403 |
2261.072 |
2348.426 |
|
|
|
(7.727) |
3.863 |
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 |
2450.403 |
2261.072 |
2348.426 |
|
Profit/ (Loss) |
43.876 |
98.788 |
130.429 |
|
|
1.79
% |
4.37
% |
5.55
% |
ABRIDGED BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
406.978 |
406.978 |
|
(b) Reserves and Surplus |
|
162.122 |
23.834 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
569.100 |
430.812 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
101.397 |
132.656 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
101.397 |
132.656 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
445.743 |
391.538 |
|
(b) Trade payables |
|
464.808 |
265.794 |
|
(c) Other
current liabilities |
|
68.079 |
55.255 |
|
(d) Short-term
provisions |
|
64.121 |
50.923 |
|
Total Current
Liabilities (4) |
|
1042.751 |
763.510 |
|
|
|
|
|
|
TOTAL |
|
1713.248 |
1326.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
179.957 |
147.210 |
|
(ii)
Intangible Assets |
|
34.941 |
32.536 |
|
(iii) Tangible assets
capital work-in-progress |
|
28.136 |
24.246 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
4.895 |
2.399 |
|
(d)
Long-term
loans and advances |
|
19.687 |
4.243 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
267.616 |
210.634 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
276.496 |
221.785 |
|
(c) Trade
receivables |
|
871.152 |
729.030 |
|
(d) Cash and bank
balances |
|
71.531 |
50.929 |
|
(e)
Short-term loans and advances |
|
206.126 |
110.087 |
|
(f) Other
current assets |
|
20.327 |
4.513 |
|
Total
Current Assets |
|
1445.632 |
1116.344 |
|
|
|
|
|
|
TOTAL |
|
1713.248 |
1326.978 |
PROFIT & LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2389.170 |
2283.854 |
|
|
Other Income |
|
39.334 |
13.040 |
|
|
TOTAL |
|
2428.504 |
2296.894 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1761.260 |
1678.646 |
|
|
Purchases of
Stock-in-Trade |
|
44.019 |
28.236 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(27.023) |
(28.901) |
|
|
Employee benefit expense |
|
92.753 |
71.563 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
|
63.728 |
92.536 |
|
|
CSR expenditure |
|
0.300 |
1.150 |
|
|
Other expenses |
|
189.324 |
233.188 |
|
|
Prior period items |
|
0.000 |
0.202 |
|
|
TOTAL |
|
2124.361 |
2076.620 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
304.143 |
220.274 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
67.393 |
57.867 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
236.750 |
162.407 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
37.055 |
32.279 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
199.695 |
130.128 |
|
|
|
|
|
|
|
Less |
TAX |
|
58.854 |
45.080 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
140.841 |
85.048 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
761.35 |
459.74 |
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) |
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 |
REVIEW OF THE OPERATIONS
The revenue from operation during the current financial year is INR 2387.752 million as compared to INR 2273.943 million in last year resulting into substantial increase of over the previous year which is mainly due to extensive marketing of its products. The Company has also earned a profit before tax of INR 189.283 million as compared to INR 143.868 million in the previous year.
CORPORATE INFORMATION
The Company having CIN-U15142UR1980PTC005172, incorporated on December 27, 1980, under the Companies Act, 1956. Registered office of the Company is situated at Delhi Hardwar Road, Bahadrabad, Hardwar, Uttarakhand – 249402.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
57.888 |
118.356 |
|
|
|
|
|
Total |
57.888 |
118.356 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G82192931 |
100165032 |
SIDBI |
28/03/2018 |
- |
- |
10000000.0 |
59/4, INTERNATIONAL TRADE CENTER RAJPUR ROAD DEHRADUN UR248001IN |
|
2 |
G38398848 |
100083411 |
PUNJAB NATIONAL BANK |
05/07/2016 |
- |
- |
1920000.0 |
BRANCH OFFICE AHMEDPUR,RANIPUR MODE HARIDWAR UR249401IN |
|
3 |
G38399374 |
100083415 |
PUNJAB NATIONAL BANK |
27/06/2016 |
- |
- |
7700000.0 |
BRANCH OFFICE AHMEDPUR, RANIPUR MODE HARIDWAR UR249401IN |
|
4 |
C63504807 |
10589616 |
PUNJAB NATIONAL BANK |
31/08/2015 |
- |
- |
985000.0 |
BRANCH OFFICE AHMEDPUR, RANIPUR MODE HARIDWAR UR249401IN |
|
5 |
C63503304 |
10589612 |
PUNJAB NATIONAL BANK |
13/08/2015 |
- |
- |
707000.0 |
BRANCH OFFICE AHMEDPUR, RANIPUR MODE HARIDWAR UR249401IN |
|
6 |
C63501001 |
10589606 |
PUNJAB NATIONAL BANK |
13/08/2015 |
- |
- |
672000.0 |
BRANCH OFFICE AHMEDPUR, RANIPUR MODE HARIDWAR UR249401IN |
|
7 |
C63499560 |
10589603 |
PUNJAB NATIONAL BANK |
13/08/2015 |
- |
- |
668000.0 |
BRANCH OFFICE AHMEDPUR, RANIPUR MODE HARIDWAR UR249401IN |
|
8 |
C68545938 |
100056795 |
HDFC BANK LIMITED |
01/07/2015 |
- |
- |
1280000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
9 |
C59508465 |
10581265 |
PUNJAB NATIONAL BANK |
29/06/2015 |
- |
- |
151100000.0 |
AHMEDPUR BRANCH RANIPUR MORE HARIDWAR UR249401IN |
|
10 |
B25047549 |
10316936 |
PUNJAB NATIONAL BANK |
19/10/2011 |
- |
- |
460000.0 |
AMHEDPUR BRANCH RANIPUR MORE HARIDWAR UR249401IN |
FIXED ASSETS:
Tangible assets
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Books periodicals
· 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 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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.