|
|
|
MIRA
INFORM REPORT
|
Report No. : |
511820 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
IVP LIMITED |
|
|
|
|
Registered
Office : |
Shashikant Narayan Redij Marg, Ghorupdeo, Cotton Green, Mumbai - 400033, Maharashtra |
|
Tel. No.: |
91-22-64562352 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of
Incorporation : |
05.07.1929 |
|
|
|
|
Com. Reg. No.: |
11-001503 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 103.300 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
L74999MH1929PLC001503 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAAC10992A1ZX |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAAC10992A |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of
Foundry Chemicals like Binders, Coatings and Allied Products. (Registered
Activity) |
|
|
|
|
No. of Employees
: [As On
31.03.2017] |
165 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1929. It is a manufacturer and exporter of foundry chemicals
like binders, coatings and allied products. As per the financial year 2018,
the company has gained a decent growth in its revenue as compared to the
company has gained a decent growth in its revenue as compared to the previous
year’s revenue and has achieved an average net profit margin of 3.77%. The company possesses healthy
financial position marked by sound networth base, low debt balance sheet
profile and satisfactory liquidity position. The company has its share
trading at around INR 188.90 on NSE as on May 25, 2018 as against the Face
Value (FV) of INR 10. Business is active. Payment
seems to be regular. In view of aforesaid, the company can be considered good for normal business dealings at 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 |
CRISIL |
|
Rating |
Long term loans = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
28.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term loans = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
28.04.2017 |
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 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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-23723399/ 62488400]
[91-9819768128- Ms. Smrutika] Continuously ringing
LOCATIONS
|
Registered / Corporate Office: |
Shashikant Narayan Redij Marg, Ghorupdeo,
Cotton Green, Mumbai - 400033,
Maharashtra, India |
|
Tel No: |
91-22-23723399 / 23719631 / 2 / 3 / 4 |
|
Fax No: |
91-22-23739064/ 23723399/ 23719633 |
|
E-mail: |
|
|
Website: |
|
|
|
|
|
Factory 1: |
Golmuri, Jamshedpur - 831003, Jharkhand, India |
|
|
|
|
Factory 2 : |
28-B, Kumbalagudu, 1st Phase, KIADB Industrial
Area, Bangalore - 560074, Karnataka, India |
|
|
|
|
Factory 3 : |
D-19/D-20,
MIDC Area, Tarapur, Boisar, Palghar - 401506, Maharashtra, India |
|
|
|
|
Sales Offices: |
Located at: ·
Kolhapur
·
Khargpur
·
Bhilai
·
Nagpur
·
Pune ·
Chennai ·
New
Delhi ·
Secunderabad |
|
|
|
|
Warehouses : |
Located at: ·
Jamshedpur ·
Coimbatore ·
Kolkata ·
Ahmedabad |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Sajid Moorad Fazalbhoy |
|
Designation : |
Director |
|
Address : |
2A Jiwan, L.D. Ruparel Marg, Mumbai - 400006, Maharashtra,
India |
|
Date of Appointment : |
11.02.2015 |
|
DIN No.: |
00022760 |
|
|
|
|
Name : |
Mr. Amin Manekia |
|
Designation : |
Director |
|
Address : |
10, Bhaveshwar Sagar,20, Napean Sea Road, Mumbai - 400036,
Maharashtra, India |
|
Date of Appointment : |
15.07.2009 |
|
DIN No.: |
00053745 |
|
|
|
|
Name : |
Mr. Vishal Pandit |
|
Designation : |
Director |
|
Address : |
S-268, Ground Floor, Panchsheel Park, New Delhi - 110024,
India |
|
Date of Appointment : |
13.11.2014 |
|
DIN No.: |
01903340 |
|
|
|
|
Name : |
Mrs. Nina Dharamsy Kapadia |
|
Designation : |
Director |
|
Address : |
35 First Cavel Cross Lane, 4th floor, Kalbadevi, Mumbai -
400002, Maharashtra, India |
|
Date of Appointment : |
25.08.2014 |
|
DIN No.: |
06948701 |
|
|
|
|
Name : |
Mr. Mandar Prabhakar Joshi |
|
Designation : |
Whole-time Director and Chief Executive Officer |
|
Address : |
B-302/301, Sai Heritage Sant Tukaram Road, Mulund, Mumbai - 400081, Maharashtra, India |
|
Date of Appointment : |
01.08.2016 |
|
DIN No.: |
07526430 |
|
|
|
|
Name : |
Mr. Priya Ranjan |
|
Designation : |
Additional Director |
|
Address : |
Opp. Delphi Building, 1302, Solitaire, Hiranandani Garden, Orchard Avenue, Powai, IIT, Mumbai - 400076, Maharashtra, India |
|
Date of Appointment : |
12.02.2018 |
|
DIN No.: |
08065588 |
KEY EXECUTIVES
|
Name : |
Mrs. Nisha Nimish Kantirao |
|
Designation : |
Company Secretary |
|
Address : |
Ravi Niwas, Shripal Bunglows No. 1, Samarth Comple Agashi Road, Bolinj, Opp. Padmavati Hall , Virar (W), Thane - 401303, Maharashtra, India |
|
Date of Appointment : |
01.10.2017 |
|
PAN No: |
CIYPS8096J |
|
|
|
|
Name : |
Mrs. Meenal Ashish Rane |
|
Designation : |
CFO(KMP) |
|
Address : |
Bhiimi Breeze, Raheja Estate, Borivali, Mumbai - 400066, Maharashtra, India |
|
Date of Appointment : |
01.12.2017 |
|
PAN No: |
AWPPS7313H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2018
|
Category of Shareholders |
No. of Shares |
% age holding |
|
Promoter & Promoter Group |
7317237 |
70.86 |
|
Public |
3009026 |
29.14 |
|
|
|
|
|
Total |
10326263 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu
undivided Family |
139774 |
1.35 |
|
|
Sabira A R Allana |
84629 |
0.82 |
|
|
Alia Feroz Allana |
55145 |
0.53 |
|
|
Any Other
(specify) |
6030644 |
58.40 |
|
|
Allana Exports
Private Limited |
2659994 |
25.76 |
|
|
Allana Cold
Storage Private Limited |
891473 |
8.63 |
|
|
Phoenicia Shipping
Company Private Limited |
882946 |
8.55 |
|
|
Anjaneya Cold
Storage Private Limited |
662660 |
6.42 |
|
|
Allana Pharmachem
Private Limited |
408232 |
3.95 |
|
|
Allana Services
Private Limited |
108457 |
1.05 |
|
|
Allana Frozen
Foods Private Limited |
107650 |
1.04 |
|
|
Frigorifico Allana
Private Limited |
64699 |
0.63 |
|
|
Alna Trading And
Exports Ltd |
63782 |
0.62 |
|
|
Frigerio Conserva
Allana Private Ltd |
54750 |
0.53 |
|
|
Kalwa Cold Storage
Pvt Ltd |
31100 |
0.30 |
|
|
Allana Bros Pvt
Ltd |
25000 |
0.24 |
|
|
Allana Imports And
Exports Pvt Ltd |
19600 |
0.19 |
|
|
Hornbell Chemicals
And Plastic Pvt Ltd |
16932 |
0.16 |
|
|
Phoenicia Travel
And Transport Pvt Ltd |
13150 |
0.13 |
|
|
Allana Impex
Private Limited |
8544 |
0.08 |
|
|
Indagro Foods
Private Limited |
6000 |
0.06 |
|
|
Delmon Foods
Private Limited |
5675 |
0.05 |
|
|
Sub Total A1 |
6170418 |
59.75 |
|
|
A2) Foreign |
0.00 |
||
|
Individuals
(NonResident Individuals/ Foreign Individuals) |
1146819 |
11.11 |
|
|
Allana Shiraz
Abdul Razak |
191834 |
1.86 |
|
|
Allana Feroz Abdul
Razak |
191834 |
1.86 |
|
|
Faisal Feroz
Allana |
182000 |
1.76 |
|
|
Isa Shiraz Allana |
140000 |
1.36 |
|
|
Millwala Farzin
Allana Feroz |
95917 |
0.93 |
|
|
Aysha Shiraz
Allana |
80000 |
0.77 |
|
|
Maryam Feroz
Allana |
80000 |
0.77 |
|
|
Irfan A.R. Allana |
79162 |
0.77 |
|
|
Adil Irfan Allana |
55282 |
0.54 |
|
|
Iman Irfan Allana |
36750 |
0.36 |
|
|
Lubna Irfan Allana |
14040 |
0.14 |
|
|
Sub Total A2 |
1146819 |
11.11 |
|
|
A=A1+A2 |
7317237 |
70.86 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957
As a % of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
||
|
Mutual Funds/ |
350 |
0.00 |
|
|
Financial
Institutions/ Banks |
50615 |
0.49 |
|
|
Sub Total B1 |
50965 |
0.49 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0.00 |
||
|
Central
Government/ State Government(s)/ President of India |
35505 |
0.34 |
|
|
Sub Total B2 |
35505 |
0.34 |
|
|
B3)
Non-Institutions |
0.00 |
||
|
Individual share
capital upto INR 0.200 Million |
1691113 |
16.38 |
|
|
Individual share
capital in excess of INR 0.200 Million |
803668 |
7.78 |
|
|
Any Other
(specify) |
427775 |
4.14 |
|
|
Trusts |
3800 |
0.04 |
|
|
HUF |
202573 |
1.96 |
|
|
NRI – Non- Repat |
12956 |
0.13 |
|
|
NRI – Repat |
12453 |
0.12 |
|
|
Clearing Members |
33183 |
0.32 |
|
|
Bodies Corporate |
162810 |
1.58 |
|
|
Sub Total B3 |
2922556 |
28.30 |
|
|
B=B1+B2+B3 |
3009026 |
29.14 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of
Foundry Chemicals like Binders, Coatings and Allied Products. (Registered
Activity) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : [As On 31.03.2017] |
165 [Approximately] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Union Bank of India Pal Hotel Building, Kala Chowki, Near Cotton Green Station, Mumbai - 400033, Maharashtra, India
· Vijaya Bank · HDFC Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : (As On 31.03.2017) |
|
|
Name : |
Bansi S. Mehta and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : (As On 31.03.2017) |
Allana Exports Private Limited |
|
|
|
|
Common Control : (As On 31.03.2017) |
· Phoenicia Shipping Co Private Limited · Frigorifico Allana Private Limited · Frigerio Conserva Allana Private Limited · Allana Sons Private Limited · Allana Pharmachem Private Limited · Allana Oil Mills Private Limited · Allana Frozen Foods Private Limited · Anjaneya Cold Storage Private Limited · Allana Bros Private Limited · Delmon Foods Private Limited · Allana Services Private Limited. |
CAPITAL STRUCTURE
AS ON 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : 103.300 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24500000 |
Equity Shares |
INR 10/- each |
INR 245.000 Million |
|
500000 |
Preference Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10326263 |
Equity Shares |
INR 10/- each |
INR 103.263 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
103.300 |
103.263 |
103.263 |
|
(b) Reserves & Surplus |
707.600 |
624.549 |
524.741 |
|
(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) |
810.900 |
727.812 |
628.004 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
26.500 |
30.308 |
26.853 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
2.500 |
2.894 |
2.774 |
|
Total
Non-current Liabilities (3) |
29.000 |
33.202 |
29.627 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
776.200 |
139.509 |
0.000 |
|
(b)
Trade payables |
699.400 |
259.925 |
198.887 |
|
(c)
Other current liabilities |
144.300 |
177.669 |
158.778 |
|
(d)
Short-term provisions |
26.300 |
5.296 |
32.873 |
|
Total
Current Liabilities (4) |
1646.200 |
582.399 |
390.538 |
|
|
|
|
|
|
TOTAL |
2486.100 |
1343.413 |
1048.169 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
411.700 |
353.084 |
159.410 |
|
(ii)
Intangible Assets |
2.500 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
174.100 |
21.495 |
12.438 |
|
(iv) Intangible assets under development |
0.000 |
1.921 |
0.513 |
|
(b) Non-current
Investments |
0.400 |
0.284 |
0.284 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
11.300 |
8.131 |
4.991 |
|
(e)
Other Non-current assets |
51.400 |
1.911 |
1.835 |
|
Total
Non-Current Assets |
651.400 |
386.826 |
179.471 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
608.000 |
251.357 |
183.691 |
|
(c)
Trade receivables |
1066.300 |
614.287 |
554.091 |
|
(d)
Cash and cash equivalents |
34.600 |
36.739 |
111.465 |
|
(e)
Short-term loans and advances |
4.200 |
47.714 |
14.965 |
|
(f)
Other current assets |
121.600 |
6.490 |
4.486 |
|
Total
Current Assets |
1834.700 |
956.587 |
868.698 |
|
|
|
|
|
|
TOTAL |
2486.100 |
1343.413 |
1048.169 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
2755.500 |
1623.617 |
1546.833 |
|
|
|
Other Income |
13.600 |
11.134 |
51.298 |
|
|
|
TOTAL |
2769.100 |
1634.751 |
1598.131 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2270.200 |
1097.259 |
1042.771 |
|
|
|
Purchases of Stock-in-Trade |
9.000 |
13.000 |
35.250 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(89.900) |
(17.662) |
(18.291) |
|
|
|
Employees benefits expense |
123.200 |
99.390 |
80.265 |
|
|
|
Excise duty |
54.600 |
|
|
|
|
|
Other expenses |
178.900 |
254.891 |
260.901 |
|
|
|
TOTAL |
2546.000 |
1446.878 |
1400.896 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
223.100 |
187.873 |
197.235 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.900 |
2.252 |
4.615 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
190.200 |
185.621 |
192.620 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.000 |
13.652 |
12.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
164.200 |
171.969 |
180.242 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
60.300 |
60.069 |
76.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
103.900 |
111.900 |
104.150 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on F.O.B. basis |
NA |
5.740 |
15.394 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
391.160 |
257.296 |
|
|
|
Trading goods |
|
5.876 |
22.518 |
|
|
Capital assets |
|
0.158 |
0.000 |
|
|
|
TOTAL IMPORTS |
NA |
397.194 |
279.814 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
10.06 |
10.84 |
10.09 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from working capital |
NA |
107.840 |
219.382 |
|
|
|
|
|
|
Net Cash generated from operations |
NA |
49.388 |
149.118 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
141.24 |
138.10 |
130.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.58 |
2.64 |
2.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
112.00 |
85.45 |
67.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.37 |
0.75 |
1.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.38 |
0.50 |
1.14 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.43 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.96 |
0.19 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.03 |
0.80 |
0.62 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.73 |
0.52 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.78 |
83.42 |
42.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.77 |
6.89 |
6.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.18 |
8.33 |
9.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.81 |
15.37 |
16.58 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.11 |
1.64 |
2.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.75 |
1.21 |
1.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.54 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.51 |
1.35 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.11 |
1.64 |
2.22 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
|
|
|
Market Value |
INR 188.90/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
103.263 |
103.263 |
103.300 |
|
Reserves & Surplus |
524.741 |
624.549 |
707.600 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
628.004 |
727.812 |
810.900 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
139.509 |
776.200 |
|
Total
borrowings |
0.000 |
139.509 |
776.200 |
|
Debt/Equity
ratio |
0.000 |
0.192 |
0.957 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1546.833 |
1623.617 |
2755.500 |
|
|
|
4.964 |
69.714 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1546.833 |
1623.617 |
2755.500 |
|
Profit |
104.150 |
111.900 |
103.900 |
|
|
6.73% |
6.89% |
3.77% |
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 |
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 |
Yes |
|
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 |
No |
|
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 |
G73866402 |
10222018 |
UNION
BANK OF INDIA |
18/05/2010 |
04/12/2010 |
11/01/2018 |
25000000.0 |
MUMBAI
SAMACHAR MARG,66/80,MUMBAI SAMACHAR MARG,FORT,MUMBAIMH400023IN |
|
2 |
G69877801 |
10308841 |
VIJAYA
BANK |
12/01/2011 |
22/09/2011 |
22/11/2017 |
150000000.0 |
MAKER
CHAMBERS IV,NARIMAN POINTMUMBAIMH400021IN |
|
3 |
G69878320 |
10222019 |
UNION
BANK OF INDIA |
18/05/2010 |
24/11/2016 |
20/11/2017 |
49000000.0 |
MUMBAI
SAMACHAR MARG BRANCH66/80, MUMBAI SAMACHAR MARG, FORTMUMBAIMH400023IN |
|
4 |
A83807628 |
80043358 |
BANK OF
INDIA |
29/03/2004 |
25/02/2009 |
06/04/2010 |
80000000.0 |
MUMBAI
CORPORATION BANKING BRANCH, 4TH FLOOR,70/80, M. G. ROAD, FORTMUMBAIMH400023IN |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
* Claims against the Company not acknowledged as Debts |
NA |
142.414 |
|
Bank Guarantee issued by the Company |
NA |
5.012 |
|
Government Authorities for VAT, Service tax and Excise matters |
NA |
6.314 |
|
*
Including INR 130.407million (2015-16 INR 115.212 million) in respect of
charging of rent on market value of property by Mumbai Port Trust, which is
at variance with the order passed by the Hon’ble Supreme Court in 2004. The Company
has filed a writ petition in the Hon’ble High Court at Mumbai challenging the
method of charging rent on market value basis by Mumbai Port Trust. |
||
FIXED ASSETS:
·
Freehold land
·
Leasehold land
·
Buildings
·
Plant and Equipment
·
Furniture, Fixtures and Fittings
·
Office
Equipment’s
·
Computers
·
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 : |
AKH |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
YES |
|
--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.