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|
|
MIRA
INFORM REPORT
|
Report No. : |
511461 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAHARASHTRA ALDEHYDES AND CHEMICALS LIMITED |
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|
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Registered
Office : |
3rd Floor, Chandrermukhi Basement, Behind Trident Shopping Centre, Nariman Point, Mumbai – 400021, Maharashtra |
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Tel. No.: |
91-22-49104444 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
13.05.1982 |
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Com. Reg. No.: |
11-027136 |
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Capital
Investment / Paid-up Capital : |
INR .20.256 Million |
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CIN No.: [Company Identification
No.] |
U40104MH1982PLC027136 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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TIN No: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20605E |
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PAN No.: [Permanent Account No.] |
AAACM3766A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of D.E.P/ D.M.P/ T.E.C/ E.P.
and Related Products.
(Registered Activity) |
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|
|
|
No. of Employees
: |
Not Available |
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 436000 |
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|
|
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1982 having satisfactory track records.
The company also derives strength from its long standing track record of business operation.
|
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 Rating (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
07.03.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
07.03.2018 |
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 28.05.2018
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.
LOCATIONS
|
Registered / Admin Office : |
3rd Floor, Chandrermukhi Basement, Behind Trident Shopping Centre, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-49104444/ 22851316 (4 Lines) |
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Fax No.: |
91-22-22853752 / 0033 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.A-17, M.I.D.C., At-Post-Taluka Mahad, Raigad- 402301, Maharashtra,
India |
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Tel. No.: |
91-2145-233260 |
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Fax No.: |
91-2145-233261 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vasudeo Nathmal Goenka |
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Designation : |
Director |
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Address : |
242-C, Grand Paradi Apartment, August Kranti Marg, Mumbai – 400036, Maharashtra, India. |
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Date of Birth/Age : |
14.01.1940 |
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Qualification : |
B.com |
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Date of Appointment : |
09.03.2002 |
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DIN No.: |
00059215 |
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Other Directorship:
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Name : |
Mr. Ravi Vasudeo Goenka |
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Designation : |
Director |
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Address : |
242-C, Grand Paradi Apartment, August Kranti Marg, Mumbai – 400036, Maharashtra, India. |
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Date of Birth/Age : |
11.02.1962 |
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Qualification : |
Engineer |
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Date of Appointment : |
09.03.2002 |
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DIN No.: |
00059267 |
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Other Directorship:
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Name : |
Mr. Rajeev Vasudeo Goenka |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
242-C, Grand Paradi Apartment, August Kranti Marg, Mumbai – 400036, Maharashtra, India. |
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Date of Birth/Age : |
04.08.1967 |
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Qualification : |
M.B.A. |
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Date of Appointment : |
09.03.2002 |
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DIN No.: |
00059346 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Aditi Rajeev Goenka |
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Designation : |
Director |
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Address : |
242-C, Grand Paradi Apartment, August Kranti Marg, Mumbai – 400036, Maharashtra, India. |
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Date of Birth/Age : |
26.08.1970 |
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Date of Appointment : |
20.06.2007 |
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DIN No.: |
00076916 |
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Other Directorship:
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Name : |
Mr. Sunil Kumar Gupta |
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Designation : |
Director |
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Address : |
242-C, Grand Paradi Apartment, August Kranti Marg, Mumbai – 400036, Maharashtra, India. |
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Date of Birth/Age : |
15.08.1964 |
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Date of Appointment : |
23.03.1993 |
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DIN No.: |
00059659 |
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Other Directorship:
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Name : |
Mr. Anilkumar Govindprasad Lohia |
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Designation : |
Director |
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Address : |
2504, 2- Pearl Residency, Plot No.956, Rahimtullah Sayani Road, Prabhadevi, Mumbai-400025, Maharashtra, India. |
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Date of Birth/Age : |
07.04.1956 |
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Date of Appointment : |
05.01.1994 |
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DIN No.: |
00358837 |
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Other Directorship:
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Name : |
Mr. Durgesh Dharamdas Gorane |
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Designation : |
Whole time Director |
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Address : |
202, Maruti Complex, Dasturi Naka, Raigad Road, At-Post-Taluka Mahad, Raigad- 402301, Maharashtra, India |
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Date of Birth/Age : |
04.07.1972 |
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Date of Appointment : |
18.12.2017 |
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DIN No.: |
08027474 |
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KEY EXECUTIVES
|
Name : |
Mrs. Palak Desai |
|
Designation : |
Company Secretary |
|
Address : |
31-E, Laxmi Industrial Estate, New Link Road, Andheri West, Mumbai - 400 053, Maharashtra, India |
|
Mob. No: |
91-9820371844 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
Rajeev Goenka |
93525 |
|
Niharika Goenka |
9000 |
|
Ravi Goenka HUF |
105950 |
|
Brady Investment Private Limited, India |
89250 |
|
Laxmi Capital Services Private Limited, India |
166500 |
|
Ravi Goenka |
13500 |
|
Avantika Goenka |
42780 |
|
Rajendra Khemka |
19500 |
|
Aditi Goenka |
3545 |
|
Aryavrat Goenka |
700 |
|
Harshwardhan Goenka |
12175 |
|
Vasudeo Goenka Jointly |
25 |
|
Anil Lohia |
25 |
|
Sunil Gupta |
25 |
|
Total |
556500 |
|
Names of Preference Shareholders |
No. of Shares |
|
Rajeev Goenka |
94610 |
|
Aditi Goenka |
52300 |
|
Total |
146910 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
50.53 |
|
Promoters (Body corporate) |
45.96 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
3.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer of D.E.P/ D.M.P/ T.E.C/ E.P.
and Related Products.
(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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Industrial Finance Branch, 'The
Arcade', 2nd Floor, World Trade Centre, Cuffe Parade, Mumbai – 400005, Maharashtra, India ·
Axis Bank Limited, Corporate Banking
Branch, 12-Mittal Tower, A-Wing, First Floor, Nariman Point, Mumbai-400021,
Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Parekh Shah and Lodha Chartered Accountants |
|
Address : |
31-E, BKC Centre, Laxmi Industrial Estate, New Link Road, Andheri
(East), Mumbai – 400053, Maharashtra, India |
|
Tel. No: |
91-22-30706021/ 44 |
|
Fax. No: |
91-22-30706033 |
|
Email: |
|
|
PAN No.: |
AAHFP3202E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
·
Laxmi Organics Industries Limited ·
Brady Investment Private Limited ·
Alumi Profiles Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
150000 |
Preference Shares |
INR 100/- each |
INR 15.000 Million |
|
|
Total |
|
INR 25.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
556500 |
Equity Shares |
INR 10/- each |
INR 5.565 Million |
|
146910 |
Preference Shares |
INR 100/- each |
INR 14.691 Million |
|
|
Total |
|
INR 20.256 Million
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.256 |
20.256 |
20.256 |
|
(b) Reserves & Surplus |
132.424 |
117.773 |
103.900 |
|
(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) |
152.680 |
138.029 |
124.156 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
53.248 |
51.137 |
33.809 |
|
(b) Deferred tax liabilities (Net) |
18.195 |
16.411 |
15.380 |
|
(c) Other long term
liabilities |
3.866 |
2.777 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
75.309 |
70.325 |
49.189 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
155.081 |
107.783 |
123.764 |
|
(b) Trade
payables |
68.984 |
27.078 |
7.357 |
|
(c) Other
current liabilities |
3.712 |
2.817 |
4.860 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
227.777 |
137.678 |
135.981 |
|
|
|
|
|
|
TOTAL |
455.766 |
346.032 |
309.326 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
155.831 |
143.675 |
133.279 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.022 |
3.266 |
8.878 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.397 |
1.397 |
1.412 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
159.250 |
148.338 |
143.569 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.929 |
33.210 |
43.544 |
|
(c) Trade
receivables |
128.089 |
90.957 |
56.401 |
|
(d) Cash
and cash equivalents |
16.139 |
8.284 |
8.150 |
|
(e)
Short-term loans and advances |
64.359 |
65.243 |
57.662 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
296.516 |
197.694 |
165.757 |
|
|
|
|
|
|
TOTAL |
455.766 |
346.032 |
309.326 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
767.393 |
694.515 |
731.629 |
|
|
Other Income |
6.266 |
8.045 |
3.633 |
|
|
TOTAL |
773.659 |
702.560 |
735.262 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
672.237 |
555.693 |
599.465 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(50.261) |
7.846 |
11.291 |
|
|
Employees benefits
expense |
23.123 |
20.042 |
16.870 |
|
|
Other expenses |
80.366 |
72.759 |
64.327 |
|
|
TOTAL |
725.465 |
656.340 |
691.953 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
48.194 |
46.220 |
43.309 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
17.226 |
17.853 |
18.399 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
30.968 |
28.367 |
24.910 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.556 |
9.689 |
8.766 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
21.412 |
18.678 |
16.144 |
|
|
|
|
|
|
|
Less |
TAX |
6.760 |
4.805 |
4.933 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
14.652 |
13.873 |
11.211 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
159.822 |
197.578 |
187.627 |
|
|
TOTAL EARNINGS |
159.822 |
197.578 |
187.627 |
|
|
|
|
|
|
|
|
CIF VALUE IMPORTS |
49.545 |
19.950 |
40.144 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
26.33 |
24.93 |
20.15 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.256 |
2.256 |
2.448 |
|
Cash generated from operations |
0.151 |
34.155 |
77.486 |
|
Net cash flows from (used in) operating activity |
(4.826) |
30.380 |
73.771 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
60.92 |
47.80 |
28.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.99 |
7.64 |
12.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
37.46 |
17.79 |
4.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.55 |
1.39 |
0.99 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.31 |
0.31 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.63 |
0.55 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.39 |
1.17 |
1.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.49 |
1.00 |
1.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.03 |
1.06 |
1.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.80 |
2.59 |
2.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.91 |
2.00 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.21 |
4.01 |
3.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.60 |
10.05 |
9.03 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.30 |
1.44 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.92 |
1.19 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.40 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.49 |
7.96 |
7.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.30 |
1.44 |
1.22 |
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 |
20.256 |
20.256 |
20.256 |
|
Reserves & Surplus |
103.900 |
117.773 |
132.424 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
124.156 |
138.029 |
152.680 |
|
|
|
|
|
|
long-term borrowings |
33.809 |
51.137 |
53.248 |
|
Short term borrowings |
123.764 |
107.783 |
155.081 |
|
Current maturities of
long-term debts |
2.448 |
2.256 |
4.256 |
|
Total
borrowings |
160.021 |
161.176 |
212.585 |
|
Debt/Equity
ratio |
1.289 |
1.168 |
1.392 |
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 |
731.629 |
694.515 |
767.393 |
|
|
|
(5.073) |
10.493 |
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 |
731.629 |
694.515 |
767.393 |
|
Profit /(Loss) |
11.211 |
13.873 |
14.652 |
|
|
1.53% |
2.00% |
1.91% |
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 |
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 |
Yes |
|
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 |
COMPANY
PERFORMANCE:
The Company’s revenue from operations and other income has incurred
during the year compared to previous year. The Company’s profit before tax is
INR 21.412 million during the year, as compared to INR 18.678 in previous year.
The Company earned a net Profit of INR 14.652 million as against a net profit
of INR 13.873 million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
20.961 |
19.426 |
|
Credit from supplier |
29.000 |
29.000 |
|
Total |
49.961 |
48.426 |
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G53232070 |
100122243 |
RBL BANK LIMITED |
09/08/2017 |
- |
- |
80000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
2 |
G36810596 |
100080357 |
RBL BANK LIMITED |
26/05/2016 |
- |
- |
82500000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
3 |
G81077240 |
10340905 |
Axis Bank Limited |
09/02/2012 |
28/02/2018 |
- |
247500000.0 |
Corporate Banking Branch, 12-Mittal TowerA-Wing, First Floor, Nariman PointMumbaiMH400021IN |
|
4 |
B71072847 |
10186036 |
STATE BANK OF INDIA |
12/11/2009 |
- |
22/03/2013 |
30000000.0 |
INDUSTRIAL FINANCE BRANCH, 'THE ARCADE',2ND FLOOR, WORLD TRADE CENTRE, CUFFE PARADE,MUMBAIMH400005IN |
|
5 |
B71073381 |
80034377 |
STATE BANK OF INDIA |
27/01/2006 |
01/12/2009 |
22/03/2013 |
129300000.0 |
INDUSTRIAL FINANCE BRANCH, THE ARCADE,2ND FLR., WORLD TRADE CENTRE, CUFFE PARADE, COLABAMUMBAIMH400005IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Letter of Credit (LC) and Bank Guarantee
limit |
61.005 |
56.123 |
FIXED ASSETS:
- Leasehold
Land
- Building
- Plant and
Machinery
- Electrical
Installation
- Motor Car
- Computer
- Office
Equipment
- Lab Equipments
- Furniture
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 91.23 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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.