MIRA
INFORM REPORT
|
Report Date : |
01.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
FABTECH PROJECTS AND ENGINEERS LIMITED |
|
|
|
|
Formerly Known
As : |
FABTECH PROJECTS AND ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J – 504, MIDC, Bhosari, Pune – 411026, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.06.2002 |
|
|
|
|
Com. Reg. No.: |
25-017050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 636.433 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2002PLC017050 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEF00839G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF7903Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Mounded
Bullets projects, Pressure Vessels, Heat
Exchangers, Storage Vessels,
Sphere and Mobile Tankers etc |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
record. Company is doing well. Sales and profit of the company has increased in year 2012. Trade relations are reported as fair. Business is active. Payments are
reported to be regular. 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Ms. Preeti Deo |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-20-30614500 |
|
Date : |
31.07.2013 |
LOCATIONS
|
Registered Office : |
J – 504, MIDC, Bhosari, Pune – 411026, |
|
Tel. No.: |
91-20-27474134/ 27474235/ 66113326 / 30614500 |
|
Mobile No.: |
91-8975756484 (Mr. Vikas R) |
|
Fax No.: |
91-20-66113327/ 30614509/ 27458479 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 1, 3 and 4, Gat No.
272/273, Nanekarwadi, Chakan, District Pune - 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-395482 / 563052/ 665901
to 25 |
|
Fax No.: |
91-2135-253833/ 286160 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Bira Anand Rupnar |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Plot No. 80, SNI 118 to 124, National Society, Anudh, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1960 |
|
Qualification : |
B.E (Mech) |
|
Date of Appointment : |
11.06.2002 |
|
PAN No.: |
AAOPR0807J |
|
DIN No.: |
01637615 |
|
|
|
|
Name : |
Mr. Parameswaran Hariharan Nurani |
|
Designation : |
Whole-time director |
|
Address : |
OM Eashwari Society, Building Bo 1, Flat No. 208, mahant Road, Vile
Parle, Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1946 |
|
Qualification : |
B.E. ( Mechanical) |
|
Date of Appointment : |
01.03.2006 |
|
PAN No.: |
AAAPH6255J |
|
DIN No.: |
01727306 |
|
|
|
|
Name : |
Mr. Rajabahu Ananda Rupnar |
|
Designation : |
Director |
|
Address : |
Prem Geet, Sector No-149/2, Flat No. 21, Ajmera Complex, Pimpri, Pune
– 411018, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1966 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
11.06.2002 |
|
PAN No.: |
AAQPR3012H |
|
DIN No.: |
01727729 |
|
|
|
|
Name : |
Mr. Eshanya Biharilal Gupta |
|
Designation : |
Director |
|
Address : |
Sector No. 1 and 7, WIGH P-5, Flat No. 802, Empire Estate, Pimpri,
Pune – 411018, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1976 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
01.03.2006 |
|
PAN No.: |
AHDPG6294Q |
|
DIN No.: |
01727743 |
|
|
|
|
Name : |
Mrs. Neelavarna Bira Rupnar |
|
Designation : |
Director |
|
Address : |
Plot No. 80, SNI 118 to 124, National Society, Anudh, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
29.03.1967 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
11.06.2002 |
|
PAN No.: |
ABZPR4759B |
|
DIN No.: |
01881679 |
|
|
|
|
Name : |
Mrs. Manisha Sharad Chimbalkar |
|
Designation : |
Director |
|
Address : |
B1/502, Swapnanagri, Pimpri, Pune – 411018, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1976 |
|
Qualification : |
B.E. ( Chemical) |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
ADBPC8684J |
|
DIN No.: |
01881691 |
|
|
|
|
Name : |
Mr. Bhausaheb Anandrao Rupanar |
|
Designation : |
Director |
|
Address : |
Plot No. 42, Pardeshi Nagar, Pandharpur – 413304, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1957 |
|
Qualification : |
B. Sc (Agriculture) |
|
Date of Appointment : |
01.01.2008 |
|
PAN No.: |
AAVPR8855M |
|
DIN No.: |
02370193 |
|
|
|
|
Name : |
Mr. Dayanand Pundlik Thorat |
|
Designation : |
Director Technical |
|
Address : |
Jai Ganesh Samrajya, Panjarpol, Wing F 13, R. No. 204, Bhosari, Pune –
411087, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1977 |
|
Qualification : |
B.E. (Mechanical) |
|
Date of Appointment : |
02.05.2009 |
|
DIN No.: |
02647227 |
|
|
|
|
Name : |
Mr. Sampat Shivaji Gawade |
|
Designation : |
Director |
|
Address : |
N/04, First Floor, Vishal Garden, Shikrapur Road, Chakan Khed, Pune –
412301, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1970 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
ABLPG7450N |
|
DIN No.: |
02671275 |
|
|
|
|
Name : |
Mr. Raman Krishnan |
|
Designation : |
Director |
|
Address : |
Unit No.15, 2nd Floor, Stele Park, Plot No. 283/284, Sector
21, Nerul, Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1948 |
|
Qualification : |
DME |
|
Date of Appointment : |
01.10.2009 |
|
PAN No.: |
AFZPK7151A |
|
DIN No.: |
03275988 |
|
|
|
|
Name : |
Mr. Venkatabala Nagendra Behera |
|
Designation : |
Director |
|
Address : |
C-704, Naren Hills Azad Nagar, Behind Clover Heights, Wanawadi,
Pune-411040, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1958 |
|
Date of Appointment : |
27.08.2012 |
|
DIN No.: |
06377015 |
KEY EXECUTIVES
|
Name : |
Ms. Preeti Deo |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bira Ananda Rupnar |
22892050 |
|
Rajabhau Ananda Rupnar |
10109520 |
|
Neelavarna Bira Rupnar |
22325063 |
|
Bhausaheb Ananda Rupnar |
3364635 |
|
Parameshwaran Naurani Hariharan |
62005 |
|
Manisha Sharad Chimbalkar |
62005 |
|
Eshanya Gupta |
62005 |
|
Dayanand P. Thorat |
62005 |
|
R. Krishnan |
62005 |
|
Sampat Shivaji Gawde |
62005 |
|
Steel Vision India Private Limited, India |
4580000 |
|
TOTAL
|
63643298 |
AS ON 30.03.2013
|
Names of Allottees |
No. of Shares |
|
Bira Ananda Rupnar |
2450000 |
|
Rajabhau Ananda Rupnar |
400000 |
|
Neelavarna Bira Rupnar |
1700000 |
|
TOTAL |
4550000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
7.20 |
|
Directors or relatives of Directors |
92.80 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mounded
Bullets projects, Pressure Vessels, Heat
Exchangers, Storage Vessels,
Sphere and Mobile Tankers etc |
||||||||||||||
|
|
|
||||||||||||||
|
Products : |
|
PRODUCTION STATUS (As On 31.03.2011)
TEXTILE DIVISION
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Textile Division |
4380 Tons |
3225 Tons |
ENGINEERING DIVISION
|
Particulars |
Unit |
Actual
Production |
|
Storage tanks and pressure vessels |
Nos. |
163 |
|
Project execution of large tanks / vessels |
Nos. |
--- |
TEXTILE DIVISION
|
Particulars |
Unit |
Actual
Production |
|
Yarns |
Kgs |
3211091 |
|
Wastage |
Kgs |
612725 |
GENERAL INFORMATION
|
Customers : |
·
Indian Oil Corporation Limited ·
HPCL - Mittal Energy Limited ·
Hindustan Petroleum Corporation Limited ·
Bharat Petroleum Corporation Limited ·
Oil India Limited ·
ONGC ·
Ge Oil and Gas ·
Cairn Energy System ·
Uhde ·
Kazstroy ·
Metito ·
Lind Engineering Private Limited ·
Dresser Rand Private Limited ·
Naftogaz ·
Praxair India Limited ·
Essar ·
Mangalore Refineries and Petrochemicals Corporation
Limited ·
L and T Limited ·
Crompton Greaves Limited ·
Kochi Refineries Limited ·
Bharat Shell Limited ·
Thermax Limited ·
Ion Exchange (India) Limited ·
Aquatech Systems (Asis) Private Limited ·
V A Tech Wabag Limited ·
Praj Industries Limited ·
Va Tech Hydro Flovess Limited ·
Barc / Dae ·
Globe Gas Equipments Industry Private Limited ·
Super Gas ·
Elf Gas ·
Indian Navy ·
Alkyl Amines and Chemicals Limited ·
Hindustan Polyamides and Fibers Limited ·
Galaxy Chemicals Limited ·
Ador Technologies Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Ø Allahabad Bank,
Fort Branch, Allahabad Bank Building, Ground Floor, 37, Samachar Marg, Fort,
Mumbai-400023, Maharashtra, India Ø Bank of
Maharashtra – Pimpri Branch, Pimpri, Pune - 411018, Maharashtra, India Ø State Bank of
India Ø Axis Bank,
Sterling Apartments, Ground Floor, J M Road, Deccan Gymkhana, Pune-411004,
Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. M. Rajapurkar and Company Chartered Accountant |
|
Address : |
1 – Regent Avenue, Sambhaji Chowk, Pradhikaran, Nigdi, Pune – 411044, |
|
Tel. No.: |
91-20-27651074 |
|
E-Mail : |
|
|
PAN No.: |
AANPD2738B |
|
|
|
|
Associates : |
·
Fabtech Infra Private Limited CIN No.:- U45200PN2011PTC138575 ·
Fabtech Sugar Private Limited CIN No.:- U15424PN2010PTC137545 ·
Lokmanya Sakhar Udyog Limited CIN No.:- U15430PN2011PLC138601 ·
Steel Vision India Private Limited CIN No.:- U29299PN1998PTC012788 ·
Fabtech Developers ·
Sparkon Engineers ·
Sparkon Equipments ·
Thermion Engineers |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
63643298 |
Equity Shares |
Rs.10/- each |
Rs. 636.433
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68193298 |
Equity Shares |
Rs.10/- each |
Rs. 681.933
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
636.433 |
596.759 |
|
(b) Reserves & Surplus |
|
1126.607 |
425.675 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
1.418 |
0.127 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1764.458 |
1022.561 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1235.335 |
462.618 |
|
(b) Deferred tax liabilities (Net) |
|
38.667 |
37.168 |
|
(c) Other long term liabilities |
|
585.700 |
145.072 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1859.702 |
644.858 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
949.340 |
745.561 |
|
(b) Trade payables |
|
1802.553 |
1272.151 |
|
(c) Other current
liabilities |
|
622.114 |
519.110 |
|
(d) Short-term provisions |
|
21.727 |
31.801 |
|
Total Current Liabilities (4) |
|
3395.734 |
2568.623 |
|
|
|
|
|
|
TOTAL |
|
7019.894 |
4236.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1791.137 |
863.750 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
624.991 |
79.413 |
|
(b) Non-current Investments |
|
11.083 |
12.534 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
241.818 |
352.102 |
|
(e) Other Non-current assets |
|
5.455 |
7.260 |
|
Total Non-Current Assets |
|
2674.484 |
1315.059 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
126.626 |
300.728 |
|
(b) Inventories |
|
801.453 |
157.859 |
|
(c) Trade receivables |
|
1737.935 |
786.439 |
|
(d) Cash and cash
equivalents |
|
1091.512 |
1376.528 |
|
(e) Short-term loans and
advances |
|
281.923 |
137.623 |
|
(f) Other current assets |
|
305.961 |
161.806 |
|
Total Current Assets |
|
4345.410 |
2920.983 |
|
|
|
|
|
|
TOTAL |
|
7019.894 |
4236.042 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
144.678 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
522.013 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
666.691 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1110.026 |
|
|
2] Unsecured Loans |
|
|
54.404 |
|
|
TOTAL BORROWING |
|
|
1164.430 |
|
|
DEFERRED TAX LIABILITIES |
|
|
16.546 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1847.667 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
539.392 |
|
|
Capital work-in-progress |
|
|
122.006 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
30.171 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
132.424
|
|
|
Sundry Debtors |
|
|
747.482
|
|
|
Cash & Bank Balances |
|
|
527.835
|
|
|
Other Current Assets |
|
|
957.212
|
|
|
Loans & Advances |
|
|
178.400
|
|
Total
Current Assets |
|
|
2543.353 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
876.206
|
|
|
Other Current Liabilities |
|
|
502.727
|
|
|
Provisions |
|
|
15.067
|
|
Total
Current Liabilities |
|
|
1394.000 |
|
|
Net Current Assets |
|
|
1149.353
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
6.745 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1847.667 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4523.913 |
3806.827 |
2697.589 |
|
|
|
Other Income |
126.935 |
86.117 |
12.966 |
|
|
|
TOTAL (A) |
4650.848 |
3892.944 |
2710.555 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2475.294 |
2078.485 |
|
|
|
|
Employee benefit expense |
261.277 |
182.206 |
|
|
|
|
Other expenses |
1285.430 |
1105.546 |
|
|
|
|
TOTAL (B) |
4022.001 |
3366.237 |
2305.599 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
628.847 |
526.707 |
404.956 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
133.894 |
92.968 |
29.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
494.953 |
433.739 |
375.567 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
124.522 |
93.708 |
32.232 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
370.431 |
340.031 |
343.335 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
149.830 |
122.596 |
113.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
220.601 |
217.435 |
230.215 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
NA |
7.765 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
222.450 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
62.291 |
|
|
TOTAL EARNINGS |
NA |
NA |
62.291 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchases of raw material |
920.059 |
134.886 |
46.564 |
|
|
|
Capital Goods (Textile) |
255.545 |
88.901 |
30.760 |
|
|
TOTAL IMPORTS |
1175.604 |
223.787 |
77.324 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.69 |
14.90 |
34.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.74
|
5.59 |
8.49
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.19
|
8.93 |
12.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.80
|
8.21 |
11.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.33 |
0.51
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.24
|
1.18 |
1.75
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.14 |
1.82
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans Repayable on Demand |
552.517 |
0.000 |
|
Loans and advances from related parties |
36.327 |
60.944 |
|
Other Loans and Advances |
2.500 |
2.500 |
|
Short Term
Borrowings |
|
|
|
Loans Repayable on Demand from Banks |
25.374 |
0.000 |
|
|
|
|
|
TOTAL |
616.718 |
63.444 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current
maturities of long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
VIEW INDEX OF
CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation /Modification |
Charge
amount secured |
Charge Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10428489
|
17/05/2013
|
2,110,000,000.00
|
STATE BANK OF INDIA INDUSTRIAL
FINANCE BRANCH |
2ND FLOOR, 'TARA CHAMBERS'
NEAR MARIAAI POLICE, CHOWKY, OLD PUNE MUMBAI HIGHWAY, WAKDEWADI, PUNE, |
B76007517
|
|
2 |
10420019
|
23/03/2013
|
800,000,000.00
|
ALLAHABAD BANK |
FORT BRANCH - ALLAHABAD BANK
BUILDING, GROUND FLOOR, 37, SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA- 400023,
INDIA |
B73278038
|
|
3 |
10211206
|
20/03/2010
|
450,000,000.00
|
BANK OF MAHARASHTRA |
PIMPRI BRANCH, PIMPRI, PUNE,
MAHARASHTRA - 411018 |
A83036319
|
|
4 |
10228444
|
25/01/2010
|
450,000,000.00
|
BANK OF MAHARASHTRA |
PIMPRI BRANCH, PIMPRI, PUNE,
MAHARASHTRA - 411018, INDIA |
A83034926
|
|
5 |
10084612
|
03/05/2013
* |
9,951,000,000.00
|
BANK OF MAHARASHTRA |
PIMPRI BRANCH, PIMPRI, PUNE,
MAHARASHTRA - 411018, INDIA |
B74695610
|
|
* Date of charge modification |
||||||
OPERATIONS
During the year ended
on 31st March.2012 Revenue from Operations and Other Income amounted to Rs.
4650.848 Millions in comparison to Rs. 3892.945 Millions in the previous year.
Company has made net profit of Rs 220.601 Millions in comparison to Net profit
of Rs 217.435 Millions in the previous year. Company is taking necessary steps
to increase its profitability by imposing strict control over overheads.
FUTURE PLANS
Company is taking
necessary steps to collaborate with other parties to increase operations and earn
sufficient margins on its operations and to control overheads.
FIXED ASSETS
·
Land
·
Office Building
·
Factory Building
·
Furniture and Fixture
·
Vehicles
·
Plant and Machinery
·
Electrical Installations
·
Office Equipment
·
Computers and Peripherals
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 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 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. 61.11 |
|
|
1 |
Rs. 92.97 |
|
Euro |
1 |
Rs. 80.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
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.