1. Summary Information
|
|
|
Country |
|
|
Company Name |
UNITY
INFRAPROJECTS LIMITED |
Principal Name 1 |
Mr. Kishore K. Avarsekar |
|
Status |
Good |
Principal Name 2 |
Mr. Abhijit K. Avarsekar |
|
|
|
Registration # |
|
|
Street Address |
1252 Pushpanjali Apartments, |
||
|
Established Date |
09.04.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-66665500 |
Business Style 1 |
Construction of buildings –
residential, commercial and industrial.
|
|
Fax # |
91-22-66665599 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
- |
|
|
# of employees |
1000 [Approximately] |
Product Name 2 |
- |
|
Paid up capital |
Rs.148,175,000/- |
Product Name 3 |
- |
|
Shareholders |
Promoter and
Promoter Group-62.72% / Public shareholding- 37.28% |
Banking |
State Bank
of ICICI Bank Limited |
|
Public Limited Corp. |
Yes |
Business Period |
14 Years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
A (64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
-- |
Unity Infrastructure Assets Limited |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
15,927,875,000 |
Current Liabilities |
3,513,426,000 |
|
Inventories |
780,643,000 |
Long-term Liabilities |
8,480,915,000 |
|
Fixed Assets |
1,214,481,000 |
Other Liabilities |
154,194,000 |
|
Deferred Assets |
0 |
Total Liabilities |
12,148,535,000 |
|
Invest& other Assets |
734,461,000 |
Retained Earnings |
6,360,750,000 |
|
|
|
Net Worth |
6,508,925,000 |
|
Total Assets |
18,657,460,000 |
Total Liab. & Equity |
18,657,460,000 |
|
Total Assets (Previous Year) |
16,000,482,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
17,015,236,000 |
Net Profit |
943,478,000 |
|
Sales(Previous yr) |
14,767,701,000 |
Net Profit(Prev.yr) |
851,326,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNITY INFRAPROJECTS LIMITED (w.e.f. 14.01.2000) |
|
|
|
|
Formerly Known
As : |
UNITY BUILDERS LIMITED |
|
|
|
|
Registered
Office : |
1252 Pushpanjali Apartments, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107153 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 148.175 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1997PLC107153 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU4560E |
|
|
|
|
Legal Form : |
Public Limited Liability Company, Company's Shares are Listed on Stock
Exchange |
|
|
|
|
Line of Business
: |
Construction of buildings –
residential, commercial and industrial.
|
|
|
|
|
No. of Employees
: |
1000 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 26000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for normal 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Prakash Saitunde |
|
Designation : |
Accounts Manager |
LOCATIONS
|
Registered Office : |
1252 Pushpanjali Apartments, |
|
Tel. No.: |
91-22-66665500 |
|
Fax No.: |
91-22-66665599 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2011
|
Name : |
Mr. Ashish K. Avarsekar |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Abhijit K. Avarsekar |
|
Designation : |
Vice Chairman and Managing Director |
|
|
|
|
Name : |
Mr. Kishore K. Avarsekar |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mrs. Pushpa K. Avarsekar |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Anil G. Joshi |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Chaitanya Joshi |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Girish Gokhale |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Dinesh Joshi |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Avinash Gunde |
|
Designation : |
General Manager |
|
|
|
|
Name : |
Mr. Ujjawal Gupte |
|
Designation : |
Chief Operating Officer |
|
|
|
|
Name : |
Mr. Madnav
Nadkarni |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. Prakash Chavan |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Iftekar Ahmed |
|
Designation : |
Senior Vice-President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2011
|
Category of
Shareholder |
Total No. of
Shares |
% of total No.
of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
24,718,000 |
33.36 |
|
|
21,746,500 |
29.35 |
|
|
46,464,500 |
62.72 |
|
|
- |
- |
|
Total shareholding of Promoter and Promoter Group (A) |
46,464,500 |
62.72 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
303521 |
0.41 |
|
|
4762901 |
6.43 |
|
|
9038846 |
12.20 |
|
|
14105268 |
19.04 |
|
|
|
|
|
|
4695174 |
6.34 |
|
|
|
|
|
|
6471289 |
8.73 |
|
|
1778901 |
2.40 |
|
|
572248 |
0.77 |
|
|
16945 |
0.02 |
|
|
344207 |
0.46 |
|
|
211096 |
0.28 |
|
|
13517612 |
18.25 |
|
Total Public shareholding (B) |
27,622,880 |
37.28 |
|
Total (A)+(B) |
74,087,380 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
- |
- |
|
|
- |
- |
|
|
- |
- |
|
|
- |
- |
|
Total (A)+(B)+(C) |
74,087,380 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of buildings –
residential, commercial and industrial.
|
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
Corporate, MNC, Residential |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
1000 [Approximately ] |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
Rs. In Millions
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C B Chhajed and Company Chartered Accountant |
|
Address : |
13, Manik Apartment, |
|
Tel. No.: |
91-22-4226830 / 4314804 |
|
|
|
|
Group Companies : |
· Ved PMC Limited · Kairavi Agencies Private Limited · Avarsekar and Sons Private Limited · Avarsekar and Kejriwal Construction Private Limited · Pathare Construcion and Investment Private Limited · Krishnangi Fabrics Private Limited · Aishwarya Projects Limited · Unity Concepts India Private Limited · Unity Construction Company · Unity Asian (W) Construction Company · Avarsekar Developer · Astra Concrete Products Private Limited · Aura Punjab Megafood Park Private Limited · Krish Interiors Developers |
|
|
|
|
Subsidiaries : |
· Unity Infrastructure Assets Limited · Unity Telecom Infrastructure Limited · Unity Natural Resources Private Limited ·
Unity · Unity Neelam Realcon Private Limited · Unity Realty and Developers Limited · Shye Unity Impex private Limited |
|
|
|
|
Associates: |
· B W Highway Star Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10 each |
Rs.250.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,817,476 |
Equity Shares |
Rs. 10 each |
Rs. 148.175 millions |
Note:
The Company has
allotted 27,68,000 fully paid equity shares of Rs. 10/- each at a premium of Rs.
665/- per equity share to the public, during the financial year 2006/2007.
The Company has
allotted 14,49,476 fully paid equity shares of Rs.10/- each at a premium of Rs.
496/- per equity share through Q.I.P., during the financial year 2009/2010.
The Company has sub-divided each Equity Share of the face
value of Rs.10/- each in to 5(Five) Equity Shares of the face value of Rs.2/-
each during the financial year 2010/2011.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
148.175 |
148.175 |
133.680 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6360.750 |
5503.665 |
4048.827 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6508.925 |
5651.840 |
4182.507 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8466.915 |
4527.902 |
4325.284 |
|
|
2] Unsecured Loans |
14.000 |
2335.546 |
395.177 |
|
|
TOTAL BORROWING |
8480.915 |
6863.448 |
4720.461 |
|
|
DEFERRED TAX LIABILITIES |
12.827 |
14.704 |
16.767 |
|
|
|
|
|
|
|
|
TOTAL |
15002.667 |
12529.992 |
8919.735 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1214.481 |
1002.958 |
1073.365 |
|
|
Capital work-in-progress |
111.461 |
6.672 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
623.000 |
342.063 |
338.415 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
780.643
|
1330.140
|
1103.435 |
|
|
Sundry Debtors |
7303.938
|
5615.749
|
4101.873 |
|
|
Cash & Bank Balances |
2224.321
|
1610.202
|
1112.962 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
6399.616
|
6092.698
|
5269.995 |
|
Total
Current Assets |
16708.518
|
14648.789
|
11588.265 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3038.534
|
2870.512
|
2850.335 |
|
|
Other Current Liabilities |
474.892
|
366.442
|
1059.458 |
|
|
Provisions |
141.367
|
233.536
|
170.517 |
|
Total
Current Liabilities |
3654.793
|
3470.490
|
4080.310 |
|
|
Net Current Assets |
13053.725
|
11178.299
|
7507.955 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15002.667 |
12529.992 |
8919.735 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
17015.236 |
14767.701 |
11307.918 |
|
|
|
Share of Profit - Joint Ventures |
22.941 |
21.981 |
15.363 |
|
|
|
Other Income |
150.095 |
122.101 |
155.668 |
|
|
|
TOTAL (A) |
17188.272 |
14911.783 |
11478.949 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Construction Expenses |
13801.312 |
11943.349 |
9183.684 |
|
|
|
Employees Remuneration |
587.016 |
532.321 |
432.927 |
|
|
|
Office and establishment Expenses |
355.011 |
378.927 |
263.610 |
|
|
|
TOTAL (B) |
14743.339 |
12854.597 |
9880.221 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2444.933 |
2057.186 |
1598.728 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
832.678 |
583.868 |
400.436 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1612.255 |
1473.318 |
1198.292 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
179.934 |
174.705 |
159.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1432.321 |
1298.613 |
1039.174 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
488.123 |
432.937 |
342.142 |
|
|
|
|
|
|
|
|
|
Add/ less |
Share of Firm Tax |
[0.720] |
[14.350] |
[0.507] |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
943.478 |
851.326 |
696.525 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2360.509 |
1681.861 |
1125.714 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
96.000 |
86.000 |
70.000 |
|
|
|
Proposed Dividend |
74.087 |
74.087 |
60.156 |
|
|
|
Tax on Dividend |
12.306 |
12.591 |
10.222 |
|
|
BALANCE CARRIED
TO THE B/S |
3121.594 |
2360.509 |
1681.861 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
30.895 |
61.241 |
105.240 |
|
|
|
Capital Goods |
145.028 |
0.000 |
137.101 |
|
|
TOTAL IMPORTS |
175.923 |
61.241 |
242.341 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.73 |
11.49 |
52.14 |
|
QUARTERLY RESULTS
|
PARTICULARS |
|
|
|
30.06.2011 |
|
|
|
|
|
1st
Quarter |
|
Net Sales |
|
|
|
3760.320 |
|
Total Expenditure |
|
|
|
3270.250 |
|
PBIDT (Excl OI) |
|
|
|
490.070 |
|
Other Income |
|
|
|
57.020 |
|
Operating Profit |
|
|
|
547.090 |
|
Interest |
|
|
|
222.020 |
|
Exceptional Items |
|
|
|
0.000 |
|
PBDT |
|
|
|
325.070 |
|
Depreciation |
|
|
|
45.280 |
|
Profit Before Tax |
|
|
|
279.790 |
|
Tax |
|
|
|
83.940 |
|
Provisions and contingencies |
|
|
|
0.000 |
|
Profit After Tax |
|
|
|
195.850 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.49
|
5.71
|
6.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.42
|
8.79
|
9.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.99
|
8.30
|
8.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.23
|
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.86
|
1.83
|
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.57
|
4.22
|
2.84 |
LOCAL AGENCY FURTHER INFORMATION
Capital structure
During the year under review, there was no change in the Company’s
capital structure. The ISIN number for face value of Rs. 2/- per share is
INE466H01028.
Operations
The turnover achieved by the Company increased 15.21% to Rs.1,7015.200
millions, compared with Rs.1,4767.700 millions in the previous year. Profit
before tax increased 10.29% to Rs.1433.200 millions, compared with Rs.1298.600
millions in the previous year. Profit after tax increased 10.81% to Rs.943.400
millions, compared with Rs.868.500 millions in the previous year. Earning per
share stood at Rs. 12.73 compared with Rs. 11.49 in the previous year. The
Directors are pleased to note that the total balance value of work-on-hand, as
on March 31, 2011, was Rs.35010.000 millions.
Management Discussion
and Analysis
Global economy
The global economy is expected to continue its recovery trajectory in
2011 from 2010, as major countries across the globe continued on their
respective growth paths. Global economy is expected to grow 0.3%, lower than 2010,
on account of eroding recovery effects in advanced economies. Keeping in mind
the bigger picture, the world economy is expected to grow at 4.4% from
2010-2020, about 0.7% faster than it grew from 2000-2010.
Indian economy
The Indian economy clocked a GDP of 8.6% for 2010-11, supported strongly
by the service industry, which grew by more than 9% during the year under
review. Exports during 2010-11 were at USD 246 bn (growing by more than 38%) an
all-time high, both in absolute and y-o-y terms, led by a phenomenal 85% growth
in high-value engineering exports.
Industry overview
– infrastructure
After the economic downturn in 2008-09, the recovery in the
infrastructure segment was visible in 2010. In terms of GDP, infrastructure
expenditure is expected to double in the Twelfth Plan. This will primarily be
driven by investments to the tune of USD 1 tn, expected from private sources.
The Union Budget 2011-12, provided a much needed boost to the infrastructure
segment. The allocation to the infrastructure sector increased 23% to Rs. 2.14
tn. Total allocation comprised 49% of the total plan outlay. The issuance of
infrastructure bonds, coupled with extended limits for foreign institutional
investment (FII) will aid sect oral growth, going forward.
Outlook in 2011-12
- The Twelfth
Plan targets a nearly USD 150 bn investment in roads, double the projected
expenditure in the Eleventh Plan (USD 75 bn)
- An outlay of
Rs.12000.000 millions was proposed for roads in Left Wing Extension (LWE)-affected
areas across 34 districts and eight states
- Allocation of
funds to Central Road Fund (CRF) to the state governments and
- An outlay of
Rs. 16000.000 millions was proposed for the Special Accelerated Road
Development Programme in the North Eastern Region (SARDP-NE), involving
widening of 10,141 km of National Highways in the region
Awards and
recognition
During the year under review, your Company was given the following awards
and recognitions.
Award Conferred
to Instituted
By Year
1 Leadership of the Year 2010 Kishore
K Avarsekar - CMD Infra 2011 Summit
2011
2 Best Infrastructure Corporate Unity Infraprojects Limited Infra 2011 Summit 2011
of the Year 2010
3 Global
4 Infrastructure Company of the Year Unity
Infraprojects Limited Price
Water House Coopers 2010
& EPC World
5 Infrastructure Personality of the Year Abhijit K Avarsekar – VCMD Price
Water House Coopers 2010
& CEO & EPC
World
6 Young Entrepreneur of the Yr 2010
Abhijit K Avarsekar – VCMD Gill
& CEO
7 Udyog Rattan Award Kishore
K Avarsekar - CMD Institute of
Economic Society 2010
8 Essar Steel-Infrastructure Excellence Unity
Infraprojects Limited CNBC, E18 2010
Award for Railway Tunnel Project
executed at Agartala
9 Life Time Achievement Award Kishore
K Avarsekar - CMD Institute of Economic
Society 2010
10 Best Professionally Managed Unity
Infraprojects Limited CIDC –
Autonomous Body of 2010
Company Indian
Planning Commission
11 Business Excellence Award Kishore
K Avarsekar - CMD Institute of
Economic Society 2010
12 Business Leadership Award Kishore
K Avarsekar - CM Institute of
Economic Society 2010
Contingent
Liabilities
Contingent Liabilities not provided for (As certified by the Management)
Rs. In millions
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
|
Guarantees given by banks on behalf of the
Company |
5570.401
|
7309.587 |
|
Corporate Guarantees given by the Company |
100.000
|
200.000 |
|
Claims against the Company not
acknowledged as debts in respect of |
|
|
|
Income Tax matters |
151.286
|
0.000 |
|
Sales Tax matters |
0.000
|
0.000 |
|
Excise Duty matters |
0.000
|
0.000 |
|
Others |
0.000
|
0.000 |
|
Letter of Credit |
134.869
|
399.243 |
|
Total |
5956.556
|
7908.830 |
FIXED ASSETS:
- Land and Building
- Plant and Machinery
- Furniture and Fixtures
- Office Equipments
- Computers
- Software
- Vehicles
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30,
2011
Rs. In
millions
|
|
Particulars |
Quarter Ended 30.06.2011 |
|
1 |
Net Sales / Income from
Operations |
3760.323 |
|
|
Share of Profit from Joint
Venture |
12.215 |
|
|
Other Income |
44.806 |
|
2 |
Total Income |
3817.344 |
|
3 |
Total Expenditure |
|
|
|
a) Increase/ Decrease
work in progress |
2.513 |
|
|
b) Consumption of
materials |
1651.400 |
|
|
c) Staff Cost |
139.400 |
|
|
d) Construction Expenses |
1400.232 |
|
|
e) Other Expenditure |
76.708 |
|
|
f) Depreciation |
45.282 |
|
Sub Total Item 3 (a) to (f) |
3315.535 |
|
|
4 |
Profit before interest
and taxes |
501.809 |
|
5 |
Interest |
222.018 |
|
6 |
Profit before tax |
279.791 |
|
7 |
Provision for current tax |
83.937 |
|
8 |
Provision for deferred
tax |
- |
|
9 |
Provision for fringe
benefit tax |
- |
|
10 |
Tax provision for earlier
year |
- |
|
11 |
Provision before prior
year's tax |
195.854 |
|
12 |
Less! prior year s tax |
- |
|
13 |
Add! Appropriated towards
prior year s tax from opening balance of Profit & Loss A/c |
- |
|
14 |
Add! Share of Firm's Tax |
- |
|
15 |
Net Surplus after Tax |
195.854 |
|
16 |
Paid up equity share
capital |
148.174 |
|
17 |
Reserves (excluding revaluation
reserves) |
- |
|
18 |
Earning per share (face
value Rs. 2/-) - weighted average (Basic & Diluted) |
2.65 |
|
19 |
Public Shareholding |
|
|
|
a) Number of shares |
27622880 |
|
|
b) Percentage of
shareholding |
37.29% |
|
20 |
Promoters & promoter
group shareholding a) Pledged / Encumbered |
|
|
|
Number of shares |
0 |
|
|
Percentage of shares (as
a % of the total shareholding of promoter & promoter group) |
0 |
|
|
Percentage of shares (as
a % of the total share capital of the company) |
0 |
|
|
b) Non encumbered |
|
|
|
Number of shares |
46464500 |
|
|
Percentage of shares (as
a % of the total shareholding of promoter & promoter group) |
100% |
|
|
Percentage of shares (as
a % of the total share capital of the company) |
62.71% |
NOTES
- The above financial results of the company for
the quarter ended 30/06/2011 have been renewed by the Audit Committee and taken on record by the Board of Directors at
their meeting held on 12/08/2011.
- The company has a single segment namely Engineering and Construction .
Therefore, the company’s business does not fall under different business
segments as defined by AS-17 "Segment Reporting issued! by ICAI.
- The Statutory Auditors have carried out Limited Review of the above results.
- The previous year figures have been re-grouped
/re-classified wherever necessary
- In terms of amended clause 41 of the listing
agreement the investors complaints received and disposed off during the
first quarter ended June 30, 2011 are as under
-
Complaints pending at the beginning of the year – 0
-
Complaints received during the year - 5
-
Complaints disposed during the year – 5
-
Complaints lying unresolved at the end of the
year - 0
As
per Website :
Business Description
Unity Infraprojects Limited is an India-based company. It
operates in the construction and engineering segment. During the fiscal year
ended March 31, 2010 (fiscal 2010), its projects included Indian High Commission
Complex; redevelopment of R N Cooper Hospital; construction of tunnel using
tunnel boring machine (TBM); replacement of existing riveted Tansa mains,
widening and up-gradation of existing four lane road to six lane road project,
and HSRDC road projects. It also constructed a hockey stadium in
Press
Release
Dividend Payment
Date
Accord Fintech (
13 September 2011
[What follows is the full text of the news story.]
India, Sept. 13 -- Unity Infraprojects Limited has informed BSE that
dividend payment date will be September 19, 2011 in respect to final dividend @
Re. 1/- (50%) per equity share of Rs. 2/- each, if declared, at the forthcoming
annual general meeting, which is scheduled to be held on September 12, 2011.
Press
Release
Unity Infraprojects
declares dividend payment date
Accord Fintech (
13 September 2011
[What follows is the full text of the news story.]
India, Sept. 13 -- Unity Infraprojects has informed that dividend payment date will be September 19, 2011 in respect to final dividend of Re 1 per equity share of Rs 2 each, if declared, at the forthcoming annual general meeting, which is scheduled to be held on September 12, 2011.The above information is part of company's filing submitted to the BSE.
Press
Release
18 August 2011
[What follows is the full text of the news story.]
MUMBAI, Aug 18Asia Pulse - Indian infrastructure developer Unity
Infraprojects (BSE:532746) says it has posted a net profit of Rs 19.58 crore
(US$4.3 million) for the quarter ended June 30, as against Rs 19.51 crore in
the year-ago period.
The company's total income for the period stood at Rs 376.03 crore, up
10.66 per cent over Rs 339.79 crore in the first quarter of last fiscal year.
"Given the current scenario and number of orders bagged in this
fiscal, we are optimistic to transcend our stake-holder's expectation,"
vice chairman and managing director Abhijit Avarsekar said in a statement
issued here.
During the quarter, Unity bagged orders worth Rs 530.73 crore. The
company's total order book as of August 16 stands at Rs 3,478 crore, the
release added.
The Earning Per Share for the quarter rose to Rs 2.65 from Rs 2.63 in
corresponding quarter of previous year. PTI MM Cotton acreage up by 2.52 lh in
Ahmedabad, Aug 16 , Asia Pulse- As the Kharif sowing gets into its last
leg amid a mixed monsoon in
"Acreage under cotton this Kharif season has reached 28.84 lh so
far in
"The sowing of cotton got delayed somewhat this year in
Monsoon arrived on time in
"Scanty rainfall in the first leg of monsoon had created a
situation of deficient rains, but in the second leg beginning August,
"This year Kharif sowing in
"The prospects of crops like cotton, castor and rice are good in
The kharif sowing commences in
Press
Release
Unity
Infraprojects rises on reporting marginal increase in Q1 net profit
Accord Fintech (
18 August 2011
[What follows is the full text of the news story.]
India, Aug. 18 -- Unity Infraprojects is currently trading at Rs 49.50, up
by 0.35 points or 0.71% from its previous closing of Rs 49.15 on the BSE.The
scrip opened at Rs 50.90 and has touched a high and low of Rs 50.90 and Rs
49.10 respectively. So far 3128 shares were traded on the counter.The BSE group
'B' stock of face value Rs 2 has touched a 52 week high of Rs 121.00 on
13-Sep-2010 and a 52 week low of Rs 48.30 on 17-Aug-2011.Last one week high and
low of the scrip stood at Rs 57.50 and Rs 48.30 respectively. The current
market cap of the company is Rs 390.07 crore.The promoters holding in the
company stood at 62.72% while Institutions and Non-Institutions held 19.04% and
18.25% respectively.�Infrastructure developer Unity Infraprojects has
reported unaudited results for the first quarter ended June 30, 2011.The company
has posted 0.36% increase in its net profit at Rs 19.58 crore for the quarter
ended June 30, as against Rs 19.51 crore in the year-ago period. The company's
total income for the period stood at Rs 376.03 crore, up 10.66% over Rs 339.79
crore in the first quarter of last fiscal.Unity Infraprojects is one of the
largest civil contractors in India. It is the flagship unit of the Mumbai-based
KK Group of Companies, which has its interests spread across a wide spectrum of
businesses such as concrete block manufacturing, quarrying, hotel and organized
retailing industries.
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.49.61 |
|
|
1 |
Rs.76.67 |
|
Euro |
1 |
Rs.66.47 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.