MIRA
INFORM REPORT
|
Report Date : |
20.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
BS TRANSCOMM LIMITED (w.e.f. 07.02.2008) |
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Formerly Known
As : |
B.S. STEELS AND MINERALS PRIVATE LIMITED |
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Registered
Office : |
8-2-269/10, # 504, 5th Floor, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
07.01.2004 |
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Com. Reg. No.: |
01-042375 |
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Capital
Investment / Paid-up Capital : |
Rs.141.993
millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U27109AP2004PLC042375 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDB02125E |
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PAN No.: [Permanent Account No.] |
AACCB3170F |
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Legal Form : |
Public Limited Liability Company, Company's Shares are Listed on Stock
Exchange |
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Line of Business
: |
Manufacturer of Telecom and Transmission related Towers. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3346000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
8-2-269/10, # 504, 5th Floor, |
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Tel. No.: |
91-40-66666204/ 205/ 206/ 66546720 |
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Fax No.: |
91-40-66666205/ 66667268 |
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E-Mail : |
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Website : |
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Unit I : |
Survey No.82-83,
92-95 and 107, NH 7, Athvelly Village, Medchal Mandal, RR District, Andhra
Pradesh |
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Unit II : |
Survey No: 41, Majeedpally
Village, Near Jeedipally, Toopran Mandal, Medak District, Andhra Pradesh,
India |
DIRECTORS
As on 24.05.2010
|
Name : |
Mr. Rajesh Agarwal |
|
Designation : |
Managing Director |
|
Address : |
D-103,
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|
Date of Birth/Age : |
30.10.1970 |
|
Date of Appointment : |
07.02.2008 |
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|
Name : |
Mr. Rakesh Agarwal |
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Designation : |
Managing Director |
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Address : |
D-103,
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Date of Birth/Age : |
20.05.1975 |
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Date of Appointment : |
07.02.2008 |
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Name : |
Mr. Mukesh Agarwal |
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Designation : |
Whole Time Director |
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Address : |
D-103,
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Date of Birth/Age : |
27.12.1977 |
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Qualification : |
B.com |
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Date of Appointment : |
07.02.2008 |
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Name : |
Dr. Subrata Kumar De |
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Designation : |
Director |
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Address : |
AM Bonneshof, 30, Golzheim, |
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Date of Birth/Age : |
30.06.1952 |
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Qualification : |
M.Sc(EEE), Ph.D(EEE) |
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Date of Appointment : |
01.02.2008 |
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Name : |
Mr. Sunil Babu G. |
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Designation : |
Director |
|
Address : |
11-4-614, Block-B, 404, Moghul Manshion Apartment, A C Guards, |
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Date of Birth/Age : |
07.08.1966 |
|
Date of Appointment : |
11.04.2008 |
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Name : |
Mr.
Mahesh Khera |
|
Designation : |
Director |
|
Address : |
343,
Sector – 29, Noida – 201 303, |
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Date of Birth/Age : |
20.03.1952 |
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Date of Appointment : |
29.06.2009 |
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Name : |
Mr.
Kapil Kathpalia |
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Designation : |
Director |
|
Address : |
C-618,
New Friends Colony, |
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Date of Birth/Age : |
04.06.1960 |
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Date of Appointment : |
29.06.2009 |
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|
Name : |
Mr.
D.G. Sohony |
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Designation : |
Whole
Time Director |
|
Address : |
Flat
No.1/ 1, G-1, Ground Floor, Pertals, 1st |
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Date of Birth/Age : |
09.08.1949 |
|
Qualification : |
Degree in Engineering |
|
Date of Appointment : |
24.05.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Raman Subbaiah |
|
Designation : |
Secretary |
|
Address : |
1-8-430/11/1, Chikkadpally, |
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Date of Birth/Age : |
12.05.1967 |
|
Date of Appointment : |
08.04.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.05.2010
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Rajesh Agrawal |
5010400 |
35.29% |
|
Rakesh Agrawal |
4173400 |
29.39% |
|
Mukesh Agrawal |
4365200 |
30.74% |
|
Rakhee Agrawal |
113800 |
0.80% |
|
Reema Agrawal |
137800 |
0.97% |
|
Shalini Agrawal |
26600 |
0.19% |
|
Shakuntala Devi S. Agrawal |
287000 |
2.02% |
|
Dhruv Bansal |
2800 |
0.02% |
|
Satyam Ananda Rao |
9000 |
0.06% |
|
Sunil Ananda Rao |
9000 |
0.06% |
|
Balakrishnam Raju |
4000 |
0.03% |
|
Devesh Kumar Sahu |
150 |
0.00% |
|
Md. Hussain Ali |
100 |
0.00% |
|
Jeetendar Kumar Vyas |
200 |
0.00% |
|
Ch. Karunakar Naidu |
150 |
0.00% |
|
K. Venkata Giri |
100 |
0.00% |
|
Mohd Abdul Rub |
4000 |
0.03% |
|
P. Nageswara Rao |
200 |
0.00% |
|
Narinder Sharma |
4000 |
0.03% |
|
Subrata Kumar De |
4000 |
0.03% |
|
K. Pavan Kumar |
200 |
0.00% |
|
Ramavathu Ramesh |
150 |
0.00% |
|
Ram Ratan |
150 |
0.00% |
|
Y. Ravindranath Reddy |
400 |
0.00% |
|
Sanjay Baveja and Vandana Baveja |
4000 |
0.03% |
|
Sunil Talegaonkar |
2500 |
0.02% |
|
Tarun Nanda |
8000 |
0.06% |
|
Vijay Kumar Tandle |
200 |
0.00% |
|
V.V. Bhaskar |
200 |
0.00% |
|
Vijay Bajaj |
2500 |
0.02% |
|
Deepak Kumar |
50 |
0.00% |
|
Pardeep Aggarwal |
20000 |
0.14% |
|
Prem Kumar Bajaj |
9000 |
0.06% |
|
Total
|
14199250 |
100.00%
|
As on 24.05.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.42 |
|
Others
|
|
0.58 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Telecom and Transmission related Towers. |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
Installed
Capacity |
|
Towers Manufacturing ** |
120000* |
|
Integrated Structural Mill (Tonnes per annum) |
90000* |
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Particulars |
2009-10 |
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Actual Production |
44839 |
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* The products manufactured by the company are under De-licensed
category.
** Galvanizing Unit for 84000 MTPA is under commissioning.
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
* Includes Rs.189.933 millions due within 12 months.
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
P. Murali and Company Chartered Accountants |
|
Address : |
6-3-655/2/3, Somajiguda, |
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Tel. No.: |
91-40-23326666/ 23312554/ 23393967 |
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Fax No.: |
91-40-23392474 |
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Subsidiaries : |
BS Infratel
Limited CIN No.: U74900AP2008PLC059595 Sugan Automatics
Private Limited CIN No.: U29309AP1993PTC016707 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14199250 |
Equity Shares |
Rs.10/- each |
Rs.141.993
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
141.993 |
141.993 |
141.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
694.385 |
453.776 |
326.889 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
836.378 |
595.769 |
468.239 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1668.426 |
826.511 |
699.732 |
|
|
2] Unsecured Loans |
354.630 |
5.030 |
0.000 |
|
|
TOTAL BORROWING |
2023.056 |
831.541 |
699.732 |
|
|
DEFERRED TAX LIABILITIES |
42.144 |
4.549 |
4.546 |
|
|
|
|
|
|
|
|
TOTAL |
2901.578 |
1431.859 |
1172.517 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1056.823 |
283.332 |
265.974 |
|
|
Capital work-in-progress |
20.256 |
255.555 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
28.308 |
5.960 |
5.421 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
538.725
|
285.045 |
366.394 |
|
|
Sundry Debtors |
2175.262
|
981.795 |
1091.460 |
|
|
Cash & Bank Balances |
90.139
|
30.247 |
20.252 |
|
|
Other Current Assets |
12.179
|
5.989 |
51.084 |
|
|
Loans & Advances |
587.658
|
147.972 |
71.704 |
|
Total
Current Assets |
3403.963
|
1451.048 |
1600.894 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1194.421
|
370.434 |
594.716 |
|
|
Other Current Liabilities |
191.058
|
56.020 |
22.579 |
|
|
Provisions |
232.313
|
146.391 |
82.477 |
|
Total
Current Liabilities |
1617.792
|
572.845 |
699.772 |
|
|
Net Current Assets |
1786.171
|
878.203 |
901.122 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
10.020 |
8.809 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2901.578 |
1431.859 |
1172.517 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5210.711 |
3372.582 |
4255.969 |
|
|
|
Other Income |
10.247 |
5.924 |
33.071 |
|
|
|
TOTAL (A) |
5220.958 |
3378.506 |
4289.040 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Consumed |
2611.808 |
2815.946 |
3894.502 |
|
|
|
(Increase)/ Decrease in Stock |
(171.938) |
(31.021) |
(87.115) |
|
|
|
Other Manufacturing and Subcontractor
Costs |
2031.507 |
117.544 |
101.969 |
|
|
|
Personnel Cost |
71.917 |
44.564 |
28.686 |
|
|
|
Administrative and Selling Expenses |
69.322 |
80.010 |
25.796 |
|
|
|
Prior Year’s Adjustments – net |
0.346 |
(0.377) |
0.000 |
|
|
|
Preliminary Expenditure written off |
0.000 |
0.000 |
0.368 |
|
|
|
TOTAL (B) |
4612.962 |
3026.666 |
3964.206 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
607.996 |
351.840 |
324.834 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
186.410 |
126.111 |
77.208 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
421.586 |
225.729 |
247.626 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
55.338 |
33.883 |
36.259 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
366.248 |
191.846 |
211.367 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
125.639 |
67.528 |
70.828 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
240.609 |
124.318 |
140.539 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
294.072 |
169.754 |
29.215 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
534.681 |
294.072 |
169.754 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.97 |
8.79 |
10.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.61
|
3.68 |
3.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.03
|
5.69 |
4.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.21
|
11.06 |
11.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.32 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.35
|
2.36 |
2.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
2.53 |
2.29 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office of the company has been shifted from
REVIEW OF
OPERATIONS
During the Financial Year 2009-10 the Company’s revenue increased to Rs
5221.000 millions from Rs.3378.500 millions in 2008-09. The EBIDTA has
increased to Rs.608.300 millions as against Rs.351.500 millions in the year
2008-09 and PBT of the company has increased to Rs.366.200 millions in 2009-10
as against Rs.191.800 millions in 2008-09.
During the year company has started undertaking Operation and Management
(O and M) of Telecom sites and also Up-gradation works which gives a constant revenue
stream to the company. During the year company has also entered into a
strategic alliance with UFOAM for shelters.
Phase I of expansion for backward integrated structural mill of 90000
MTA and fabrication facility of 84000 MTA is completed in March 2010.
FUTURE OUTLOOK
The Company seeks to position itself as an end to end solutions provider
for the telecommunications infrastructure sector. The Company presently offers
services under the EPC/TSP model and believes that these services provide benefits
to their customers. The Directors also believe that their IDD solutions will
help customers monitor telecom sites remotely and reduce operational expense
cost elements due to competitive edge in terms of price over their competitors
due to their in-house manufacturing facilities. Further, their integrated
operations helps them to manage costs and maintain their profit margins. They
propose to offer solutions like multi tenant energy optimizer, smart fuel
management system, or FMS, alternate energy solutions and intelligent universal
controller to their telecommunication customers.
The Company intends to become a transmission service provider on a BOOM
basis having entered into a consortium agreement with Essel Infra projects
Limited, in which they hold 26% of the share, and a consortium agreement with
Simplex Infrastructures Limited, in which they hold 50% of the share, for the
purpose of bidding for certain power transmission lines on BOOM basis. Further,
they are also performing pilot tests for technology-intensive solar and wind
hybrid solutions specific to telecommunication site requirements. The solution
has been developed through research and industry consultation and has been
adapted to the specific requirements of telecommunication sites to considerably
reduce energy costs, which is a major concern for a tower infrastructure
company and telecommunication operators.
Foray into new businesses in the power sector
The Company has also ventured into new business areas related to
transmission and distribution by signing a memorandum of understanding with
Beijing Beikai Electric Company Limited, China for gas insulated switchgear
upto 245kV (GIS). The Directors believe that such relationships will enhance
their ability to address their customers’ needs across the value chain.
Foray into international markets in telecom infrastructure and power
transmission sectors
The company has plans to foray into overseas markets and for this
purpose have entered into a marketing and management services agreement with
Mars Associates in February 2010 to provide business intelligence industry
information, market developments, news, conditions and information on current
practices, to introduce potential clients/prospects and arrange for necessary
meetings with their officials, to provide assistance in negotiations and to
facilitate the execution of contracts for selling products and services of the
Company to international customers. Their strategy is to focus on markets in
undeveloped or developing economies through joint ventures by supplying towers
through their existing units and using the local joint ventures partners’
strengths for execution of the projects.
Grow their business through strategic alliances
As a part of their growth strategy, the Directors intend to undertake
overseas and domestic corporate acquisitions in the active and passive
telecommunication industry, evaluating such acquisitions on a case-by-case
basis in order to grow their business, expand their product portfolio and
enhance their geographical reach. For instance, they have recently acquired
SAPL, which is a provider of certain technology, products and services.
Subsidiary
Companies
B S Infratel
Limited
BSIL has been incorporated for the purposes of providing passive
infrastructure services to telecommunication service providers. B S Infratel
Limited is yet to commence commercial transactions.
Sugan Automatics
Private Limited
Sugan Automatics Private Limited (SAPL) is currently carrying on the
business of manufacturing, designing and development of products for remote
management of telecommunication infrastructure, energy management solutions for
the telecom sector and the utilities segments. Company has acquired a majority
stake (63.25%) in SAPL during the year. SAPL has made a PAT of Rs 1.970
millions.
FORM 8
|
Corporate
identity number of the company |
U27109AP2004PLC042375 |
|
Name of the
company |
BS TRANSCOMM LIMITED |
|
Address of the
registered office or of the principal place of business in |
8-2-269/10, # 504, 5th Floor, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10223570 |
|
Type of charge |
Immovable Property
Book Debts Others (Second
pari passu charge on the fixed assets) |
|
Particular of
charge holder |
State Bank of E-Mail: sa.09103@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Entry dated
5.06.2010 extending second pari passu charge on fixed assets of the company
at Majeedpalli Village, Toopran Mandal, Medak District, Andhra Pradesh in favour of consortium of bankers lead by
State Bank of India, constituting of Punjab National Bank, State Bank of
Hyderabad, State Bank of Mysore, Axis Bank and Syndicate Bank for a fund based
limit of Rs.1400.000 millions and non fund based limit of Rs.3610.000
millions totalling to Rs.5010.000 millions. |
|
Date of
instrument Creating the charge |
05/06/2010 |
|
Amount secured by
the charge |
Rs.5010.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: State Bank of Punjab National
Bank: BPLR+2% (13%) State Bank of State Bank of Axis Bank:
BPLR-2.25% (12.5% ); AND Syndicate Bank:
PLR+0.5% (12.5%) Terms of
Repayment: Working Capital
Loan Repayable On Demand Margin; Raw Materials,
Stores and Spares : 25% WIP
: 25% Finished
Goods
: 25% Receivables : 30%
( 120 Days Cover Period) Letters Of
Credit : 10% Bank
Guarantees
: 10% Extent and
Operation of the charge: Second pari passu
charge on Fixed of the Company at Majeedpalli village, toopran Mandal, Medak
District, A P, both present and future among the working capital bankers in
the State Bank of India Consortium in addition to existing First Pari Passu
Charge on Current Assets, both present and future of the Company AND Second
pari passu charge on Fixed Assets of the Company at Athivelly village,
Medchal Mandal, Ranga Reddy District, Andhra Pradesh for their Working
Capital facilities of Rs.5010.000 millions.
|
|
Short particulars
of the property charged |
First pari passu
charge on current assets of the company both present and future among the
working capital bankers in the consortium Second pari passu
charge on Fixed Assets of the Company at Pari passu pledge
of 30% promoters equity in the company among with working capital bankers in
the consortium along with term lenders(IDBI Rs.188.000 millions, Punjab
National Bank Rs.320.000 millions and Axis Bank Rs.75.000 millions) |
|
Date of latest
modification prior to the present modification |
02/06/2010 |
|
Particulars of
the present modification |
Vide Entry dated 5.6.10
a second pari passu charge on Fixed Assets of the Company at Majeedpalli
Village, Toopran Mandal, Medak District, Andhra Pradesh has been extended in
favour of the State Bank of India Consortium for their working capital
facilities of Rs.5010.000 millions in addition to the existing first passu
charge on Current Assets of the Company both present and future and Second
Charge on Fixed Assets of the Company at Athivelly Village, Medchal Mandal,
R.R. District Andhra Pradesh in favour of the State Bank of India Consortium |
FIXED ASSETS:
·
·
Buildings
·
Plant and Machinery
·
Factory Equipments
·
Furniture and Fixtures
·
Computers
·
Office Equipments
·
Vehicles
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2011
|
Particulars |
30.06.2010 6th Month (Unaudited) |
30.06.2011 Quarter (Unaudited) |
31.03.2011 Year Ended (Audited) |
|
Income |
|
|
|
|
Net Sales / Income from Operations |
1630.356 |
2322.173 |
8719.718 |
|
|
|
|
|
|
Expenditure |
|
|
|
|
(a) (Increase)/decrease in Stock in Trade |
(116.025) |
(128.245) |
(41.349) |
|
(b) Consumption of Raw Materials |
408.945 |
718.846 |
1979.373 |
|
(c) Other Manufacturing Costs and Turnkey Cost |
973.658 |
1325.483 |
5234.242 |
|
(d) Employees Cost |
48.374 |
47.776 |
207.104 |
|
(e) Depreciation |
26.651 |
31.571 |
130.091 |
|
(f) Administrative and Selling Expenses |
18.473 |
15.751 |
102.563 |
|
Total Expenditure |
1360.076 |
2011.182 |
7612.024 |
|
|
|
|
|
|
Profit / (Loss) From Operations before other Income Interest & Exceptional Items |
270.280 |
310.991 |
1107.694 |
|
Other Income |
1.216 |
2.652 |
21.001 |
|
Profit/(Loss) before Interest and Exceptional items |
271.496 |
313.643 |
1128.694 |
|
Interest |
70.521 |
98.059 |
343.853 |
|
Profit / (Loss) after interest before Exceptional items |
200.975 |
215.584 |
784.841 |
|
Exceptional Items |
-- |
4.752 |
19.009 |
|
Profit / (Loss) From
Ordinary activities before Tax |
200.975 |
210.832 |
765.832 |
|
Provision for Taxation |
66.758 |
70.100 |
255.391 |
|
Net Profit/(Loss) From Ordinary activities after Tax |
134.217 |
140.732 |
510.441 |
|
Extraordinary Items |
-- |
-- |
-- |
|
Net Profit/(Loss) for the period |
134.217 |
140.732 |
510.441 |
|
Paid Up Equity Share Capital ( Face Value of the share Rs.10/- each ) |
141.993 |
218.787 |
218.787 |
|
Reserves (Excluding Revaluation Reserves) |
828.603 |
3147.746 |
3007.015 |
|
Public Share
Holding |
|
|
|
|
Earning Per Share
(EPS) |
|
|
|
|
-Basic |
9.45 |
6.43 |
23.33 |
|
-Diluted |
9.45 |
6.43 |
29.06 |
|
-Annualised |
37.81 |
25.73 |
23.33 |
|
Average of Public Share Holding |
|
|
|
|
- Number of Shares |
82250 |
7761660 |
7761660 |
|
- Percentage of shareholding |
0.6% |
35.5% |
35.5% |
|
Promoters and Promoter group share holding |
|
|
|
|
a) Pledged / Encumbered |
|
|
|
|
- Number of Shares |
6887267 |
6887267 |
6887267 |
|
- Percentage of share (as a % of the total shareholding of promoter and promoter group) |
48.8% |
48.8% |
48.8% |
|
- Percentage of shares(as a % of the total share capital of the company) |
48.5% |
31.5% |
31.5% |
|
b) Non-encumbered |
|
|
|
|
- Number of Shares |
7229733 |
7229733 |
7229733 |
|
- Percentage of Share (as a % of the total shareholding of promoter and promoter group) |
51.2% |
51.2% |
51.2% |
|
- Percentage of Share (as a % of the total share capital of the company) |
50.9% |
33.0% |
33.0% |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
|
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
45 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.