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|
|
MIRA INFORM REPORT
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Report No. : |
510563 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNITED INDUSTRIES PLASTIC PRIVATE LIMITED |
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|
|
|
Registered
Office : |
New No. 66, Old No.106, Vannier Street, Choolaimedu, Chennai – 600094, Tamilnadu |
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Tel. No.: |
91-44-64506444 / 24838514 / 24812664 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
27.03.2015 |
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|
|
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Com. Reg. No.: |
18-099849 |
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|
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Capital
Investment / Paid-up Capital : |
INR 97.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U35122TN2015PTC099849 |
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|
|
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TIN No.: |
33286314880 |
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|
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GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCU8002C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Trader in all types of
Injection Moulded Plastic Automobile Components, Cycle Parts, Home Appliance,
Electrical, Medical, Kitchen Appliances and Product of Lighting Industries
and Trader of Electronic and Plastic Products. [Registered Activity and also Confirmed by
Management] |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 400000 |
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|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2015 and it is engaged as manufacturer and trader of all type of injection moulded plastic automobile components, cycle parts, home appliances, electrical goods as well as importer of raw materials. For the financial year 2017, the company has achieved top line growth in its revenue as compared to its previous year but has reported thin profit margin during the year. The company possesses moderate financial risk profile marked by moderate net worth base and weak debt protection metrics. Rating further gets constrained on account of its excess of borrowings, short track record of its business operation and its presence in highly competitive and fragmented industry. However, these rating strengths gets partially offset by its strong capital base. In view of aforesaid, the company can be considered for business dealing with some caution. |
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 [Issuer Not Cooperating] =
BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
23.04.2018 |
Reason for Rating Migrated: Issuer Not
Cooperating
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.
INFORMATION PARTED BY
|
Name : |
Ms. Jayanti |
|
Designation : |
Accounts Assistant |
|
Contact No.: |
91-9840947489 |
|
Date : |
21.05.2018 |
LOCATIONS
|
Registered Office : |
New No. 66, Old No.106, Vannier Street, Choolaimedu, Chennai – 600094, Tamilnadu, India |
|
Tel. No.: |
91-44-64506444 / 24838514 / 24812664 |
|
Mobile No.: |
91-9840947489 (Ms. Jayanti) |
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Fax No.: |
91-44-24812663 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Plant 1 : |
Survey No 235/1, B2 and B4, Amman Koil Street, (Opposite to Girigori Nagar Bus Stop), Manapakkam Main Road, Manapakkam, Chennai – 600116, Tamilnadu, India |
|
Location : |
Owned |
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|
|
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Plant 2 : |
Lakshmi Nagar, Moulivakkam, Chennai – 600116, Tamilnadu, India |
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Location : |
Owned |
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Plant 3 : |
Plot No.S-40, Survey No: 281P – 284P, SIPCOT Industrial Estate, Via Vengadu Village, Pillaipakkam, Sriperambadur Taluk, Kanchipuram – 602106, Tamilnadu, India |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Mahalingam Karthik Krishnan |
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|
Designation : |
Managing Director |
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Address : |
Old No 105, New No 68, Vannier Street, Choolaimedu, Chennai 600094, Tamilnadu, India |
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Date of Birth/Age : |
27.01.1975 |
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Date of Appointment : |
27.03.2015 |
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PAN No.: |
AJBPM3720D |
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DIN No.: |
02721170 |
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Other Directorship :
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Name : |
Mrs. Mahalingam Keerthi Rajagopal |
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Designation : |
Whole-time Director |
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|
Address : |
Old No 105, New No 68, Vannier Street, Choolaimedu, Chennai 600094, Tamilnadu, India |
||||||||
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Date of Birth/Age : |
14.07.1984 |
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Date of Appointment : |
27.03.2015 |
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PAN No.: |
BKKPR7206J |
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DIN No.: |
06470495 |
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Name : |
Mrs. Gowri Mahalingam |
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Designation : |
Whole-time Director |
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Address : |
Old No 105, New No 68, Vannier Street, Choolaimedu, Chennai 600094, Tamilnadu, India |
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Date of Birth/Age : |
08.08.1951 |
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Date of Appointment : |
27.03.2015 |
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PAN No.: |
AGYPG6536H |
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DIN No.: |
07115182 |
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KEY EXECUTIVES
|
Name : |
Ms. Jayanti |
|
Designation : |
Accounts Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mahalingam Karthik Krishnan |
3977000 |
41.00 |
|
Mahalingam Keerthi Rajagopal |
3492000 |
36.00 |
|
Gowri Mahalingam |
2231000 |
23.00 |
|
|
|
|
|
Total |
9700000 |
100.00 |
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader in all types of
Injection Moulded Plastic Automobile Components, Cycle Parts, Home Appliance,
Electrical, Medical, Kitchen Appliances and Product of Lighting Industries
and Trader of Electronic and Plastic Products. [Registered Activity and also Confirmed by
Management] |
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Products : |
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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 : |
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Products : |
Raw Material |
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Countries : |
· China · Taiwan · Singapore |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque, Credit [30 Days and 60 Days], NEFT and
RTGS |
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Purchasing : |
Advance Payment, L/C, Cheque, Credit [30 Days and 60 Days], NEFT and
RTGS |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users and Others (Hospital / Clinics)
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Small Industrial Development Bank of India 756 L, Overseas Tower, Sanna Salai (Opposite TVS Towers), Chennai – 600002, Tamilnadu, India · ICICI Bank Limited NO 1, Cenotaph Road, Teynampet, Chennai – 600018, Tamilnadu, India |
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Facilities : |
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Financial Institutions : |
· Siemens Financial Services Private Limited Seethakathi Business Centre, 4th Floor, 272/688, Anna Salai, Chennai – 600006, Tamilnadu, India · Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India · BMW India Financial Services Private Limited Tower C, 14th Floor, Building No. 10, DLF Cyber City, Phase-II, Gurgaon – 122002, Haryana, India |
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Auditors : |
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|
Name : |
CNGSN and Associates LLP Chartered Accountants |
|
Address : |
Agastyar Manor No:20 (Old No:13) Raja Street Nagar, Chennai 600017, Tamilnadu, India |
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PAN No.: |
AADFC5571B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.07.2017
Authorised Capital : INR 126.000 Million
Issued, Subscribed & Paid-up Capital : INR 104.500
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9700000 |
Equity Shares |
INR 10/- each |
INR 97.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9700000 |
Equity Shares |
INR 10/- each |
INR 97.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
97.000 |
95.000 |
|
(b) Reserves & Surplus |
|
44.069 |
11.321 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
141.069 |
106.321 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
285.103 |
228.894 |
|
(b) Deferred tax liabilities (Net) |
|
17.658 |
3.368 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
302.761 |
232.262 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
155.676 |
99.266 |
|
(b)
Trade payables |
|
301.983 |
202.876 |
|
(c)
Other current liabilities |
|
19.412 |
15.348 |
|
(d)
Short-term provisions |
|
9.954 |
3.453 |
|
Total
Current Liabilities (4) |
|
487.025 |
320.943 |
|
|
|
|
|
|
TOTAL |
|
930.855 |
659.526 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
441.784 |
320.153 |
|
(ii)
Intangible Assets |
|
21.443 |
21.443 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.600 |
1.500 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
18.907 |
10.733 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
482.734 |
353.829 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
42.818 |
44.153 |
|
(c)
Trade receivables |
|
304.637 |
218.111 |
|
(d)
Cash and cash equivalents |
|
11.344 |
3.531 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
89.322 |
39.902 |
|
Total
Current Assets |
|
448.121 |
305.697 |
|
|
|
|
|
|
TOTAL |
|
930.855 |
659.526 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
1799.354 |
720.745 |
|
|
|
Other Income |
|
1.929 |
0.404 |
|
|
|
TOTAL (A) |
|
1801.283 |
721.149 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
1340.137 |
552.975 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
6.642 |
(0.735) |
|
|
|
Employees benefits expense |
|
143.462 |
57.908 |
|
|
|
Other expenses |
|
208.635 |
63.796 |
|
|
|
TOTAL (B) |
|
1698.876 |
673.944 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
102.407 |
47.205 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
35.130 |
11.815 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
67.277 |
35.390 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
18.458 |
18.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
48.819 |
16.937 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
16.071 |
5.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
32.748 |
11.321 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
3.00 |
1.00 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
67.800 |
|
|
|
|
|
Expected Sales (2018-2019): INR 80.000 Million (Due to Business Growth)
The above information has been parted by Ms. Jayanti [Accounts
Assistant]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
|
69.187 |
7.561 |
|
|
|
|
|
|
Net Cash flow from (used in) Operating activities |
|
65.734 |
2.422 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
61.80 |
110.46 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
5.91 |
3.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
82.25 |
133.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
2.39 |
1.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.22 |
0.14 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.83 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
3.12 |
3.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
3.45 |
3.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
3.28 |
3.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
2.92 |
4.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
1.82 |
1.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
3.52 |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
23.21 |
10.65 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
0.92 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.83 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.15 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
4.54 |
3.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
0.92 |
0.95 |
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
|
Particulars |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
95.000 |
97.000 |
|
Reserves & Surplus |
11.321 |
44.069 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net
worth |
106.321 |
141.069 |
|
|
|
|
|
Long-term borrowings |
228.894 |
285.103 |
|
Short term borrowings |
99.266 |
155.676 |
|
Total
borrowings |
328.160 |
440.779 |
|
Debt/Equity
ratio |
3.087 |
3.125 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR In
Million |
|
Sales |
720.745 |
1799.354 |
|
|
|
149.652 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
720.745 |
1799.354 |
|
Profit |
11.321 |
32.748 |
|
|
1.57% |
1.82% |
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 |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G82992512 |
100166881 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
28/02/2018 |
- |
- |
13558200.0 |
SEETHAKATHI BUSINESS CENTRE, 4TH FLOOR272/688, ANNA SALAI,CHENNAITN600006IN |
|
2 |
G82685660 |
100166059 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
22/02/2018 |
- |
- |
10000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
3 |
G70454087 |
100140564 |
SIDBI |
11/12/2017 |
- |
- |
10000000.0 |
756 L, OVERSEAS TOWERSANNA SALAI ( OPP. TVS TOWERS)CHENNAITN600002IN |
|
4 |
G83026039 |
100166975 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
10/11/2017 |
- |
- |
3500000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHA122002IN |
|
5 |
G71329684 |
100142041 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
09/10/2017 |
- |
- |
30000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
6 |
G84694967 |
100171147 |
ICICI BANK LIMITED |
20/07/2017 |
- |
- |
2909600.0 |
NO 1 CENOTAPH ROADTEYNAMPETCHENNAITN600018IN |
|
7 |
G42179275 |
100085305 |
SIDBI |
14/03/2017 |
24/04/2017 |
- |
20000000.0 |
756 L, OVERSEAS TOWERSANNA SALAI ( OPP. TVS TOWERS)CHENNAITN600002IN |
|
8 |
G38424313 |
100083498 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
02/02/2017 |
- |
- |
6782738.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMA400018IN |
|
9 |
G42178798 |
100072196 |
SIDBI |
02/01/2017 |
24/04/2017 |
- |
75000000.0 |
756 L, OVERSEAS TOWERSANNA SALAI ( OPP. TVS TOWERS)CHENNAITN600002IN |
|
10 |
G38849857 |
100084674 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
11/08/2016 |
- |
- |
11800000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHA122002IN |
|
11 |
G82684721 |
100050517 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
30/07/2016 |
22/02/2018 |
- |
30000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
12 |
G82684507 |
100050518 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
30/07/2016 |
22/02/2018 |
- |
22000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
13 |
G38852471 |
100084679 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
30/06/2016 |
- |
- |
3300000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHA122002IN |
|
14 |
G48801096 |
100037155 |
STATE BANK OF INDIA |
29/04/2016 |
05/07/2017 |
- |
200000000.0 |
6TH FLOOR, PRASHANTH REAL GOLD TOWER,NO 39 NORTH USMAN ROAD, T NAGARCHENNAITN600017IN |
|
15 |
G06107262 |
100034316 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
30/03/2016 |
- |
- |
147025000.0 |
756 L, OVERSEAS TOWERSANNA SALAI ( OPP. TVS TOWERS)CHENNAITN600002IN |
|
16 |
G02186559 |
100022357 |
ICICI BANK LIMITED |
14/03/2016 |
- |
- |
3870115.0 |
NO 1 CENOTAPH ROADTEYNAMPETCHENNAITN600018IN |
|
17 |
G02192409 |
100022379 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
29/12/2015 |
- |
- |
6095619.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHA122002IN |
|
18 |
G01852581 |
100021074 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
16/12/2015 |
- |
- |
18300000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHA122002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
5.156 |
3.334 |
|
|
|
|
|
Total |
5.156 |
3.334 |
COMPANY
OVERVIEW
The Company carries on its business as a manufacturer of Injection Moulded Automobile Plastic Components.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The Company is in the business of manufacture, export, trading in all types of injection moulded plastic Automobile components, Cycle parts, Home appliance, Electrical, medical, Kitchen Appliances and Product of Lighting Industries and trading of electronic and plastic products.
FINANCIAL PERFORMANCE
The Company was incorporated on 27th March, 2015. During the year ended 31.3.2017, the Company had a revenue of INR 1799.300 Million as compared to INR 720.700 Million during the last year ended 31.3.2016. The company earned a profit of INR 32.700 Million during the year under reference.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Computer equipments
·
Goodwill
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.26 |
|
UK Pound |
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
NO |
|
--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.