KIRAN GEMS PRIVATE LIMITED

Detailed Report

25 April, 2024
 KIRAN GEMS PRIVATE LIMITED

Chapter 1 Overview 4
1.1 Vitals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.2 Contact Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.3 Latest Filings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.4 Old Names Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.5 Old Cins Of This Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.6 Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.7 Kyc Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.8 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.9 Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.10 Financials Available . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.11 Score And Risk Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Chapter 2 Directors And Kmp 8

2.1 Current Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2.2 Current Kmp Other Than Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2.3 Other Directorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2.4 Previous Directors / Kmp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Chapter 3 Financials 10
3.1 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
3.2 Standalone Balance Sheet (Ind-As) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
3.3 Standalone Profit And Loss (Ind-As) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
3.4 Standalone Important Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Chapter 4 Charges On Assets 15

4.1 Charges On Assets - All . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
4.2 Charges On Assets - Bank Wise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Chapter 5 Terms And Conditions 16

5.1 Copyright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
5.2 Note On Tofler Score . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
5.3 Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

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OVERVIEW
25 April, 2024

VITALS

KIRAN GEMS PRIVATE LIMITED is an unlisted private company incorporated on 14 September, 2007. Its
registered office is at FE-5011, BHARAT DIAMOND BOURSE , "G" BL, BANDRA KURLA COMPLEX , BANDRA
(EAST), MUMBAI, Maharashtra - 400051 and paid-up capital is INR 20.98 cr. Its last reported annual general
meeting, per our records, was held on 30 September, 2023. The company has 4 directors and key management
personnel.
Description: The company manufactures jewelry and variety of diamonds and precious stones.
Services: diamonds and precious stones

Status Active Authorised share capital 71.00 cr

CIN U36912MH2007PTC174133 Paid up share capital 20.98 cr

Incorporation Date 14 September, 2007 Sum of existing charges 6,293.93 cr

Category Company limited by Shares Last reported AGM date 30 September, 2023

Sub-category Non-govt company Listing status Unlisted

CONTACT DETAILS

Email Address info@kirangems.com Registered Address

Website Not available FE-5011, BHARAT DIAMOND BOURSE , "G" BL

BANDRA KURLA COMPLEX , BANDRA (EAST)
Telephone 02240504444 MUMBAI Maharashtra - 400051

LATEST FILINGS

Latest Annual Return 31 March, 2023

Latest Balance Sheet 31 March, 2021
Latest Profit & Loss 31 March, 2021

OLD NAMES OF THIS COMPANY

No previous names were found for this company.

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OLD CINS OF THIS COMPANY

No previous cins were found for this company.

INDUSTRY

Manufacturing (Others)

KYC INFORMATION as on 01 May, 2016

Company PAN AADCK1665M No. of Employees 501 - 1,000

FINANCIAL HIGHLIGHTS Figures in INR as on 31 March, 2021

Revenues 10,272.54 cr EBITDA 1,145.44 cr

Profit After Tax 756.56 cr Networth 3,470.04 cr

AUDITORS as on 25 April, 2024

Auditor Type Signatory Name Year

JHAVERI SHAH SHETH & CO. Auditor Firm JHAVERI CHIRAG AJAY 31 March, 2021
LLP

FINANCIALS AVAILABLE

PARTICULARS FILED ON
Financial Statements 30 Sep, 2023
Financial Statements 30 Sep, 2022
Financial Statements 17 Nov, 2021
Financial Statements 23 Nov, 2020
Financial Statements 30 Sep, 2019
Financial Statements 29 Sep, 2018
Financial Statements 30 Sep, 2017
Financial Statements 30 Sep, 2016

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Financial Statements 30 Sep, 2015

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SCORE AND RISK ANALYSIS as on 03 Mar, 2024

Tofler Score for KIRAN GEMS PRIVATE LIMITED

Tofler Score
factors:
Sustainability

Governance

Growth

RISKS
Severe Risks Not identified

Medium Low cash balance

Risks
Low Risks Gross margins deteriorating

* Please see note on Tofler score at the end of the report.

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DIRECTORS AND KMP

25 April, 2024

CURRENT DIRECTORS as on 25 April, 2024

Director's name Date of appointment Designation

MAVJIBHAI SHAMJIBHAI PATEL 14 September, 2007 Director / Promoter
BABUBHAI SHAMJIBHAI LAKHANI 18 September, 2007 Director / Promoter
DINESH MAVJIBHAI LAKHANI 18 September, 2007 Director / Promoter

CURRENT KMP OTHER THAN

as on 25 April, 2024
DIRECTORS

Director's name Date of Designation

appointment
SUMITA MAHENDRA 18 May, 2022 KMP
BHAI KHOLAKIYA

OTHER DIRECTORSHIPS as on 25 April, 2024

Director's name Company name Designation Date of appointment

MAVJIBHAI SHAMJIBHAI ASSURE BRILLIANT Director 26 September, 2022
PATEL DIAMONDS LLP
KIRAN FINE GEMS Director 15 June, 2008
PRIVATE LIMITED
WOODSTOCK ESTATE Director 06 June, 2016
LLP
KIRAN GEMS Director 06 January, 2022
FOUNDATION
BABUBHAI SHAMJIBHAI SAMAST PATIDAR Director 17 July, 2014
LAKHANI AAROGYA FOUNDATION
KIRAN FINE GEMS Director 25 November, 2005
PRIVATE LIMITED
DINESH MAVJIBHAI ASSURE BRILLIANT Director 26 September, 2022
LAKHANI DIAMONDS LLP
EPITOME LUXE LABS Director 28 December, 2022
PRIVATE LIMITED
WOODSTOCK ESTATE Director 30 November, 2020
LLP

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PREVIOUS DIRECTORS / KMP as on 25 April, 2024

Director's name Date of Date of cessation Last designation Reason for leaving
appointment
LABHUBHAI 18 Sep 2007 01 Jun 2019 Director Resignation u/s 168
SHAMJIBHAI LAKHANI

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FINANCIALS
25 April, 2024

FINANCIAL HIGHLIGHTS Figures in INR Lacs (rounded)

Particulars 31 March 2021 31 March 2020 31 March 2019 31 March 2018 31 March 2017
Operating Revenue 969,759.15 776,302.71 970,110.99 925,718.62 870,829.26
EBITDA 114,543.87 48,430.32 60,738.17 74,040.17 68,535.77
Profit/Loss After Tax 75,656.17 23,630.15 21,842.70 34,099.14 27,237.78
Net Profit/Loss Margin 7.36% 2.97% 2.25% 3.58% 3.05%
Networth 347,003.76 298,848.16 288,822.88 266,978.95 194,104.61
ROE 21.80% 7.91% 7.56% 12.77% 14.03%
Days Receivable 135.00 111.00 103.00 99.00 89.00
Days Payable 52.00 81.00 74.00 61.00 60.00
Current Ratio 1.79 1.70 1.76 1.61 1.48
Debt to Equity Ratio 0.65 0.53 0.51 0.68 1.08

STANDALONE BALANCE SHEET

Figures in INR Lacs (rounded)
(IND-AS)

Particulars 31 March, 2021 31 March, 2020 31 March, 2019

EQUITY AND LIABILITIES
Equity Share Capital 2,098 2,098 2,098
Other Equity 344,906 296,750 286,725
Non-Current Liabilities
Financial Liabilities
Borrowings 1,630 - 17,837
Trade Payables - - -
Other Financial 167 788 572
Liabilities
Provisions 107 61 40
Deferred Tax Liabilities - - -
Other Liabilities - - -
Current Liabilities
Financial Liabilities
Borrowings 204,818 130,585 124,696

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Trade Payables 130,516 166,685 184,821

Other Financial 11,414 22,379 2,885
Liabilities
Provisions 206 206 116
Current Tax Liabilities 855 561 -
Other Liabilities 8,838 5,827 2,735
Liabilities Associated With - - -
Assets In Disposal Group
Regulatory Deferral - - -
Account Credit Balances
Total Equity and 705,554 625,940 622,525
Liabilities
ASSETS
Non-Current Assets
Property, Plant and 45,078 47,348 40,773
Equipment
Capital Work-in-Progress 10,605 8,635 64
Investment Property - - -
Goodwill - - -
Intangible Assets 112 170 256
Intangible Assets Under - - -
Development
Financial Assets
Investments 5,200 4,490 15,866
Trade Receivables - - -
Loans 11 62 78
Other Financial Assets 130 872 -
Deferred Tax Assets 1,970 6,837 4,088
Other Assets 3,773 4,522 6,390
Current Assets
Inventories 237,088 288,666 258,300
Financial Assets
Investments - - -
Trade Receivables 359,297 236,508 273,813
Cash and Cash 8,862 4,380 3,803
Equivalents
Other Bank Balances 6,670 4,819 1,660
Loans 1,730 279 374
Other Assets 13,967 7,791 9,221
Current Tax Assets 188 1,716 1,716
Other Assets 10,872 8,840 6,116

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Noncurrent Assets Held - 5 5

For Sale
Regulatory Deferral - - -
Account Debit Balances
Total Assets 705,554 625,940 622,525

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STANDALONE PROFIT AND LOSS

Figures in INR Lacs (rounded)
(IND-AS)

Particulars 31 March, 2021 31 March, 2020 31 March, 2019

CONTINUING OPERATIONS
Revenue from operations 969,759 776,303 970,111
Other Income 57,494 20,158 2,280
Total Revenue 1,027,254 796,460 972,391
Cost of Materials 513,215 416,864 553,957
Consumed
Purchases of Stock in 252,021 200,675 262,049
Trade
Changes in Inventory 44,615 9,752 -38,188
Employee Benefit 6,292 6,039 7,965
Expenses
Finance Costs 4,348 7,631 17,442
Depreciation and 11,575 8,890 10,995
Amortization
Other Expenses* 96,567 114,699 125,871
Total Expenses 928,633 764,551 940,091
Total Revneue Less 98,621 31,909 32,300
Total Expenses
Prior Period and - - -
Exceptional Items
Profit Before Tax 98,621 31,909 32,300
Current Tax Expense 18,088 11,503 12,448
Deferred Tax Expense 4,877 -3,224 -1,991
Net Movement in - - -
Regulatory Deferral
Account Balances
Profit From Continuing 75,656 23,630 21,843
Operations
Profit From Discontinuing - - -
Operations (After Tax)
Net Profit/Loss 75,656 23,630 21,843
Other Comprehensive -22 -10 1
Income
Total Comprehensive 75,634 23,620 21,844
Income/Loss

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STANDALONE IMPORTANT RATIOS

Particulars 31 March, 2021 31 March, 2020 31 March, 2019

Leverage Ratios
Total Debt/Equity Ratio 0.65 0.53 0.51
Total Assets/Equity Ratio 2.03 2.09 2.16
Total Debt/Total Assets 0.32 0.25 0.24
Ratio
Interest Coverage Ratio 23.68 5.18 2.85
Liquidity ratios
Quick Ratio 1.03 0.74 0.88
Current Ratio 1.79 1.70 1.76
Performance ratios
Gross Margin 16.49% 19.20% 19.82%
Net Margin 7.36% 2.97% 2.25%
Return on Fixed Assets 135.59% 42.08% 53.15%
Return on Equity 21.80% 7.91% 7.56%
Return on Capital 30.48% 13.98% 17.71%
Employed
Total Asset Turnover 1.46 1.27 1.56
Fixed Asset Turnover 17.38 13.82 23.61
Days Receivables 135 111 103
Outstanding
Days of Inventory 106 167 121

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CHARGES ON ASSETS
25 April, 2024

CHARGES ON ASSETS - ALL

Charge ID Date Amount Holder

10069794 09 January, 2024 2,800.00 cr SBICAP TRUSTEE COMPANY LIMITED
100733803 26 June, 2023 130.00 cr Bank of Baroda
100483991 05 August, 2021 2.70 lac Union Bank of India
100245456 26 February, 2019 963.90 cr State Bank of India
10294413 30 June, 2017 2,400.00 cr State Bank of India

CHARGES ON ASSETS - BANK WISE

Holders No. of Loans Total Amount

SBICAP TRUSTEE COMPANY LIMITED 1 2,800.00 cr
Bank of Baroda 1 130.00 cr
Union Bank of India 1 2.70 lac
State Bank of India 2 3,363.90 cr

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COPYRIGHT

Copyright (C) 2016-2022. Prepared, owned, and distributed by TWS Systems Private Limited. All Rights Reserved.
The content of this report is protected by applicable copyright laws. Content may not be reproduced, distributed,
modified or framed in any form or by any means, whether electronic, mechanical, photocopying, recording or
otherwise without prior written permission.

NOTE ON TOFLER SCORE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors -
Sustainability, Governance, and Growth. To know more about these factors.

Sustainability is a measure of overall financial health of the company. It indicates its profitability, efficiency of
operations and effective use of funds and assets deployed in the business. It also reflects the company's ability to
cover its liabilities and pay off its suppliers and creditors on time.

Governance is a measure of the quality of corporate governance of the company. It covers aspects like compliance
with TDS, GST and other laws, potential for conflict of business interests, defaulter lists checks, financials trust
checks, and other checks to measure if the company is operating in best faith.

Growth measures the growth capability of the company. It measures how fast the company has been growing and
whether it can keep growing sustainably.

Disclaimer:
1. Tofler Score is not a credit rating, nor does it have approval or sanction of any statutory or regulatory body for the
purpose.
2. Tofler Score is a bona fide unbiased opinion of Tofler team on the performance and state of affairs of the
Company. We are not liable to any person for any loss occurring due to decisions taken on the basis of Tofler
Score.
3. The Tofler team does not have any commercial interest in the subject matter of evaluation of any specific
company as such.
4. No user of Tofler Score is allowed to sell or distribute it outside their own organization.

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DISCLAIMER

The present report is purely a summary of the contents and status of documents examined on an inspection of the
Company's documents available on the official website of the Ministry of Corporate Affairs (www.mca.gov.in) . The
report is not based on any personal judgments or opinion of any individual or professional.

Please note that the content of these documents have not been audited at our end and no representation or
warranty is made regarding accuracy or reliability data/content. The reports are computer generated and although
manual checks and verification has been undertaken but it may still be subject to Programmatic and/or content
errors.

This report is provided for general information only and is without warranty of any kind- express or implied, including
but not limited to warranties of merchantability, fitness for a particular purpose.

TWS Systems Private Limited, its directors, officers or employees or any of their data providers shall not be liable
for any damages (direct, indirect, special or consequential) for whatever cause and disclaim any responsibility on
account of any implications, decisions or actions taken on the basis of some inadvertent mistake in the said report.

Disputes, if any, are subject to courts at Delhi, India.

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