|
|
|
MIRA INFORM REPORT
|
Report No. : |
512182 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PANASONIC ENERGY INDIA COMPANY LIMITED (w.e.f. 2008) |
|
|
|
|
Formerly Known
As : |
PANASONIC BATTERY INDIA CO. LIMITED (w.e.f. 2006) MATSUSHITA LAKHANPAL BATTERY INDIA LIMITED |
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|
|
|
Registered
Office : |
Makarpura Industrial Area, GIDC, P.B. No. 719,
Vadodara - 390010, Gujarat |
|
Tel. No.: |
91-265-2642661 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2018 |
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|
|
Date of
Incorporation : |
24.05.1972 |
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|
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Com. Reg. No.: |
04-002091 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 75.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31400GJ1972PLC002091 |
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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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PAN No.: [Permanent Account No.] |
Not Available |
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|
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|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
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|
Line of Business
: |
Manufacturer and Importer of Dry Cell Batteries Lighting Products. (Registered
Activity and also Confirmed by Management) |
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|
No. of Employees
: |
827 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Panasonic Energy India Company Limited is a subsidiary of “Panasonic
Corporation”, Japan. The company was incorporated in the year 1972 and has
its base in Vadodara (Gujarat). The company is into manufacturing and supplying of dry cell batteries
and lighting products. As per the financial records of 2018, the company has achieved an
average net profit margin of 4.76% but has reported a decline in its revenue
as compared to the previous year. The rating takes into consideration the sound financial position of
the company backed by healthy networth base along with debt free balance
sheet profile and comfortable liquidity parameter. The company has its share price trading at around INR 332 on BSE as on
May 28, 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 for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 30.05.2018
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 : |
Mr. Kapil |
|
Designation : |
H.R. Department |
|
Contact No.: |
91-265-2642661 |
|
Date : |
28.05.2018 |
LOCATIONS
|
Registered/ Head/ Corporate Office/ Factory 1 : |
Makarpura Industrial Area, GIDC, P.B. No. 719, Vadodara
- 390010, Gujarat, India |
|
Tel. No.: |
91-265-2642661-62/ 2638887/ 88/ 2638890/ 92 |
|
Fax No.: |
91-265-2638890/ 2638892 |
|
E-Mail : |
susheela.maheshwari@in.panasonic.com |
|
Website : |
|
|
Location : |
Owned |
|
|
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|
Factory 2 : |
Plot
No. 112, Sector III, Pithampur Industrial Area, District: Dhar - 454 774,
Madhya Pradesh, India |
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Depots : |
Located at: · Jammu · Chandigarh · Ambala Cantt · Jaipur · Kanpur · Patna ·
Vadodara · Ranchi ·
Indore · Hyderabad · Guwahati · Cuttack · Raipur · Hubli ·
Goa ·
Cochin |
|
|
|
|
Regional Office : |
Located at: · Mumbai · Chennai · Delhi · Kolkata |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Mikio Morikawa |
|
Designation : |
Managing Director |
|
Address : |
Kasuga 2-6-4-823, Suita City, Osaka 5650853 Japan |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
02611904 |
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|
|
|
Name : |
Mr. Gautam Punj |
|
Designation : |
Director |
|
Address : |
10, Prithvi Raj Road, New Delhi – 110011, Delhi, India |
|
Date of Appointment : |
30.01.2002 |
|
DIN No.: |
00048225 |
|
|
|
|
Name : |
Ms. Geeta Amit Goradia |
|
Designation : |
Director |
|
Address : |
12, Kesarbaug Vasna Road, Vadodara – 390015, Gujarat, India |
|
Date of Appointment : |
21.05.2014 |
|
DIN No.: |
00074343 |
|
|
|
|
Name : |
Mr. Atul Nandkishore
Dalmia |
|
Designation : |
Director |
|
Address : |
1, Green Acres, Ampad Taluka, Vadodara – 391330, Gujarat, India |
|
Date of Appointment : |
29.10.2014 |
|
DIN No.: |
00228257 |
|
|
|
|
Name : |
Mr. Mayur
Kishorchandra Swadia |
|
Designation : |
Director |
|
Address : |
1/B, Deepmangal Society, Race Course Circle, Vadodara – 390005, Gujarat, India |
|
Date of Appointment : |
29.10.2014 |
|
DIN No.: |
01237189 |
|
|
|
|
Name : |
Mr. Kazuo Tadanobu |
|
Designation : |
Director |
|
Address : |
1-1, Tonotakai, Kyoto Prefecture Joyo City 6100111 Japan |
|
Date of Birth/Age : |
14.01.1968 |
|
Qualification : |
Master of Chemistry, Hiroshima University |
|
Date of Appointment : |
30.05.2017 |
|
DIN No.: |
07818992 |
|
|
|
|
Name : |
Toshihiro Nakamura |
|
Designation : |
Additional Director |
|
Address : |
Apt. 206, 37-7, Senriyama-Nishi 4 Chome, Suita City Osaka Na Japan |
|
Date of Appointment : |
13.02.2018 |
|
DIN No.: |
08084675 |
|
|
|
|
Name : |
Motoaki Shimamura |
|
Designation : |
Additional Director |
|
Address : |
Apt. 315, 20-17, Minaminakaburi 1 Chome, Hirakata City, Osaka Na Japan |
|
Date of Appointment : |
13.02.2018 |
|
DIN No.: |
08084702 |
KEY EXECUTIVES
|
Name : |
Mr. Anjan Rajnikant Shah |
|
Designation : |
Chief Financial Officer |
|
Address : |
34/B, Vallabh Vatika, B/H. Poonam Complex, Waghodia Road, Vadodara – 390019, Gujarat, India |
|
Date of Appointment : |
21.05.2014 |
|
PAN No.: |
AGIPS1309N |
|
|
|
|
Name : |
Ms. Susheela Madanlal Maheshwari |
|
Designation : |
Company Secretary |
|
Address : |
C/5, Shreedhar Park Society, B/H Makarpura Bus Depot, Vadodara – 390010, Gujarat, India |
|
Date of Appointment : |
27.11.2012 |
|
PAN No.: |
ANIPM2246F |
|
|
|
|
Name : |
Mr. Kapil |
|
Designation : |
H.R. Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2018
|
Category of
shareholder |
No. of fully
paid up equity shares held |
Shareholding as
a % of total no. of shares (calculated as per SCRR, 1957)As a % of |
|
|
(A) Promoter and Promoter
Group |
4354144 |
58.06 |
|
|
(B) Public |
3145856 |
41.94 |
|
|
Grand
Total |
7500000 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
No. of fully
paid up equity shares held |
Shareholding as a
% of total no. of shares (calculated as per SCRR, 1957)As a % of |
|
|
A1) Indian |
0.00 |
||
|
A2) Foreign |
0.00 |
||
|
Any Other (specify) |
4354144 |
58.06 |
|
|
Panasonic Corporation |
4354144 |
58.06 |
|
|
Sub Total A2 |
4354144 |
58.06 |
|
|
A=A1+A2 |
4354144 |
58.06 |
Statement showing
shareholding pattern of the Public shareholder
|
Category &
Name of the Shareholders |
No. of fully
paid up equity shares held |
Shareholding %
calculated as per SCRR, 1957 As a % of |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Foreign Portfolio
Investors |
295588 |
3.94 |
|
|
Acacia Partners, LP |
207474 |
2.77 |
|
|
Acacia Banyan Partners |
85800 |
1.14 |
|
|
Financial Institutions/
Banks |
148 |
0.00 |
|
|
Sub Total B1 |
295736 |
3.94 |
|
|
B2) Central Government/
State Government(s)/ President of India |
0 |
0.00 |
|
|
Central Government/ State
Government(s)/ President of India |
48000 |
0.64 |
|
|
Sub Total B2 |
48000 |
0.64 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto
INR 0.200 Million |
1643739 |
21.92 |
|
|
Individual share capital
in excess of INR 0.200 Million |
448953 |
5.99 |
|
|
Vijay Kishanlal Kedia |
93004 |
1.24 |
|
|
Uday Prakash Punj |
80099 |
1.07 |
|
|
Any Other (specify) |
709428 |
9.46 |
|
|
Trusts |
28 |
0.00 |
|
|
HUF |
119804 |
1.60 |
|
|
Director or Director's
Relatives |
264 |
0.00 |
|
|
Non-Resident Indian (NRI) |
49916 |
0.67 |
|
|
Clearing Members |
27711 |
0.37 |
|
|
Bodies Corporate |
511705 |
6.82 |
|
|
Punj-Lloyd Private
Limited |
166920 |
2.23 |
|
|
Edelweiss Broking Limited |
138569 |
1.85 |
|
|
Sub Total B3 |
2802120 |
37.36 |
|
|
B=B1+B2+B3 |
3145856 |
41.94 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Dry Cell Batteries Lighting Products. (Registered
Activity and also Confirmed by Management) |
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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 Divulged |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Japan |
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Terms : |
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Selling : |
Advance Payment and Others (RTGS) |
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Purchasing : |
Advance Payment and Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturers
|
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No. of Employees : |
827 (Approximately) |
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Bankers : (As on 31.03.2017) |
|
||||||||||||||
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|
Auditors : |
|
|
Name : |
K. C. Mehta and Company Chartered Accountants |
|
Address : |
Meghdhanush, Race Course, Vadodara-390007, Gujarat, India |
|
Tel. No.: |
91-265-2341626/ 2440400 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : (As on 31.03.2017) |
Panasonic Corporation |
|
|
|
|
Joint Venture of
Holding Company : (As on 31.03.2017) |
|
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 75.000 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000
Million |
|
|
|
|
|
Right,
preferences and restrictions attached to shares
For all matters submitted to
vote in a shareholders meeting of the Company every holder of an equity share
as reflected in the records of the Company on the date of the shareholders
meeting shall have one vote in respect of each share held. Any dividend
declared by the company shall be paid to each holder of equity shares in
proportion to the number of shares held to total equity shares outstanding as
on that date. In the event of liquidation of the Company all preferential
amounts if any shall be discharged by the Company. The remaining assets of the
Company shall be distributed to the holders of equity shares in proportion to
the number of shares
held
to the total equity shares outstanding as on that date.
A
reconciliation of number of shares outstanding at the beginning and at the end
of reporting period is as
under:
(INR In Million)
|
Particulars |
No. of Shares |
Share Capital |
|
As at 1st April, 2016 |
7500000 |
75.000 |
|
Additions/(Reductions) |
-- |
-- |
|
As at 31st March, 2017 |
7500000 |
75.000 |
Shares
held by holding & other associated companies are as under:
|
Particulars |
As at March 31, 2017 |
|
|
|
No. of shares |
Extent of Holding |
|
Holding
Company: |
|
|
|
Panasonic
Corporation |
4354144 |
58.06% |
Shares
in the company held by shareholders holding more than 5% are as under:
|
Particulars |
As at March 31, 2017 |
|
|
|
No. of shares |
Extent of Holding |
|
Panasonic
Corporation |
435144 |
58.06% |
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 |
75.000 |
75.000 |
75.000 |
|
(b) Reserves &
Surplus |
950.769 |
921.505 |
870.560 |
|
(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) |
1025.769 |
996.505 |
945.560 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
13.465 |
20.362 |
27.364 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
6.565 |
2.326 |
|
Total Non-current
Liabilities (3) |
13.465 |
26.927 |
29.690 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
89.654 |
72.309 |
68.562 |
|
(c) Other current
liabilities |
172.517 |
202.772 |
194.707 |
|
(d) Short-term provisions |
29.753 |
36.995 |
87.033 |
|
Total Current Liabilities
(4) |
291.924 |
312.076 |
350.302 |
|
|
|
|
|
|
TOTAL |
1331.158 |
1335.508 |
1325.552 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
183.548 |
163.790 |
183.842 |
|
(ii) Intangible Assets |
2.261 |
1.371 |
1.787 |
|
(iii) Capital work-in-progress |
0.399 |
13.810 |
0.000 |
|
(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 |
6.783 |
72.079 |
77.836 |
|
(e) Non-current tax
assets |
62.395 |
0.000 |
0.000 |
|
(f) Other Non-current
assets |
0.700 |
0.000 |
0.000 |
|
Total Non-Current Assets |
256.086 |
251.050 |
263.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
289.427 |
314.601 |
274.828 |
|
(c) Trade receivables |
52.930 |
80.298 |
366.655 |
|
(d) Cash and cash
equivalents |
564.556 |
607.847 |
329.602 |
|
(e) Short-term loans and
advances |
4.195 |
61.022 |
59.968 |
|
(f) Other current assets |
163.964 |
20.690 |
31.034 |
|
Total Current Assets |
1075.072 |
1084.458 |
1062.087 |
|
|
|
|
|
|
TOTAL |
1331.158 |
1335.508 |
1325.552 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
2057.355 |
2141.028 |
2413.517 |
|
|
Other Income |
38.355 |
43.609 |
39.870 |
|
|
TOTAL |
2095.710 |
2184.637 |
2453.387 |
|
|
|
(Due to market Fluctuation) |
||
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1000.726 |
1108.970 |
1274.805 |
|
|
Purchases of
Stock-in-Trade |
133.594 |
206.356 |
157.200 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
16.304 |
(54.086) |
(11.693) |
|
|
Other manufacturing
expenses |
58.256 |
60.686 |
66.172 |
|
|
Employees benefits
expense |
344.574 |
340.470 |
299.342 |
|
|
Other expenses |
381.497 |
417.809 |
397.033 |
|
|
Prior period Items |
0.000 |
0.000 |
(0.367) |
|
|
TOTAL |
1934.951 |
2080.205 |
2182.492 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
160.759 |
104.432 |
270.895 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.241 |
1.580 |
0.678 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
160.518 |
102.852 |
270.217 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.731 |
21.834 |
21.104 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
136.787 |
81.018 |
249.113 |
|
|
|
|
|
|
|
Less |
TAX |
38.813 |
30.073 |
83.805 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
97.974 |
50.945 |
165.308 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
23.096 |
21.799 |
19.679 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
NA |
41.250 |
52.500 |
|
|
Dividend Distribution Tax |
NA |
8.398 |
10.688 |
|
|
General Reserve |
NA |
0.000 |
100.000 |
|
|
Balance Carried to the
B/S |
NA |
23.096 |
21.799 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
48.434 |
30.260 |
|
|
Freight |
NA |
1.843 |
0.725 |
|
|
Brand building |
NA |
22.900 |
41.524 |
|
|
TOTAL EARNINGS |
NA |
73.177 |
72.509 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
385.803 |
442.096 |
|
|
Capital Goods |
NA |
0.178 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
385.981 |
442.096 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.06 |
6.79 |
22.04 |
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 operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
331.656 |
21.461 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
9.39 |
13.69 |
55.45 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
38.87 |
26.66 |
6.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
28.85 |
20.07 |
17.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.56 |
0.33 |
0.99 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.86 |
0.58 |
1.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.22 |
0.23 |
0.26 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.28 |
0.31 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.18 |
0.18 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
667.05 |
66.10 |
399.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.76 |
2.38 |
6.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.36 |
3.81 |
12.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.55 |
5.11 |
17.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.68 |
3.47 |
3.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.69 |
2.47 |
2.25 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.77 |
0.75 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.68 |
3.47 |
3.03 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
Market Value |
INR 332.00/- |
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 |
75.000 |
75.000 |
75.000 |
|
Reserves & Surplus |
870.560 |
921.505 |
950.769 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
945.560 |
996.505 |
1025.769 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
2413.517 |
2141.028 |
2057.355 |
|
|
|
(11.290) |
(3.908) |
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 |
2413.517 |
2141.028 |
2057.355 |
|
Profit/(Loss) |
165.308 |
50.945 |
97.974 |
|
|
6.85% |
2.38% |
4.76% |
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 |
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B36713279 |
80062298 |
M.P.STATE INDUSTRIAL DEVE.CORPN.LTD. |
17/07/1998 |
16/11/1998 |
31/03/2012 |
10816928.0 |
"AVN TOWERS", 192 ZONE-IMAHARANA PRATAP NAGAR BHOPAL MADHYA PRADESH 462011 INDIA |
|
2 |
B35680941 |
80062299 |
STATE BANK OF INDIA |
30/04/1990 |
26/11/1998 |
21/03/2012 |
283207000.0 |
MAIN BRANCH MANDVIVADODARA GUJARAT 390017 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
|
Disputed excise, custom/ service tax pending before assessing / appellate authorities. |
NA |
22.527 |
|
Income tax |
NA |
61.780 |
|
Sales tax / vat |
NA |
21.334 |
|
Claims against the Company not acknowledged as debt |
NA |
6.996 |
|
Claims from employees and former employees |
NA |
Amount unascertainable |
FIXED ASSETS
Tangible
Assets
- Leasehold Land
- Buildings
- Plant and Machinery
- Dies
- Electrical Installation
- Office Equipments
- Computers
- Furniture and Fixtures
- Vehicle
Intangible
Assets
- Software
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 67.82 |
|
|
1 |
INR 90.16 |
|
Euro |
1 |
INR 78.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.