MIRA INFORM REPORT
|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
INFINITI METAL PRODUCTS INDIA LIMITED (w.e.f. 10.04.2013) |
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Formerly Known
As : |
ENDEAVOUR INDUSTRIES LIMITED ENDEAVOUR EXIM LIMITED (w.e.f. 28.03.2003) ENDEAVOUR FABRICS LIMITED (w.e.f. 11.04.2001) ENDEAVOUR FABRICS PRIVATE LIMITED (w.e.f. 29.03.2001) ENDEAVOUR EXIM PRIVATE LIMITED |
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Registered
Office : |
Plot No.48, Nagarjuna Hills, Punjagutta, Hyderabad – 500 082, Andhra
Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
16.10.1998 |
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Com. Reg. No.: |
01-030343 |
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Capital
Investment / Paid-up Capital : |
Rs.44.981
millions |
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CIN No.: [Company Identification
No.] |
U17110AP1998PLC030343 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Exporter of Iron and Steel Products. |
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No. of Employees
: |
52 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1470000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. There appears a significant increase in the sales turnover as well as
net profitability during 2012. Profit margin seems to be very low. Ratings also take into consideration the volatility in the prices of
raw materials. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 PARTED BY
|
Name : |
Mr. Babu Pawan Kumar |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-9949047876 |
|
Date : |
08.07.2013 |
LOCATIONS
|
Registered Office/ Corporate Office : |
Plot No.48, Nagarjuna Hills, Punjagutta, Hyderabad – 500 082, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-66771057 |
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Mobile No.: |
91-9949047876 (Mr. Babu Pawan Kumar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
Sy. No.85, Kambal
Pally Village, Sadashivapet Mandal, Medak District – 502 291, Andhra Pradesh,
India |
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Branch Office 1 : |
No.03, GNT Road,
Opposite Sivaresan Company, Gummidipoondi Taluk, Thiruvallur
District - 601 201, Tamilnadu,
India |
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Branch Office 2 : |
101, Durga
Chambers 1333, D.B. Gupta Road, Karol Bagh, New Delhi – 110 005, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Sridhar Reddy Satya Jagan Nagari |
|
Designation : |
Director |
|
Address : |
Plot No.62, Road No.5, Reddy Enclave, Select Talkies Road,
Secunderabad – 500 001, Andhra Pradesh, India
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Date of Birth/Age : |
13.12.1968 |
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Date of Appointment : |
09.12.2011 |
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DIN No.: |
05143675 |
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Name : |
Yalamanchili Janardhana Rao |
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Designation : |
Additional Director |
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Address : |
Plot No.101, MLAs Colony, Road No.10C, Jubilee Hills, Hyderabad – 500 033,
Andhra Pradesh, India |
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Date of Birth/Age : |
27.12.1984 |
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Date of Appointment : |
15.04.2013 |
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DIN No.: |
00076328 |
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Name : |
Mr. Raj Kumar Birla |
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Designation : |
Additional Director |
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Address : |
120, Gunrock Enclave, Secunderabad – 500 009, Andhra Pradesh, India |
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Date of Birth/Age : |
20.01.1952 |
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Date of Appointment : |
15.04.2013 |
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DIN No.: |
00118776 |
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Name : |
Mr. Umesh Chandra |
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Designation : |
Additional Director |
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Address : |
Flat-116 317-9, ST Al Mankhool, Post Box 213834, Dubai |
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Date of Birth/Age : |
10.11.1961 |
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Date of Appointment : |
15.04.2013 |
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DIN No.: |
02804330 |
KEY EXECUTIVES
|
Name : |
Mr. Babu Pawan Kumar |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
P.V. Ramana Reddy |
|
1010 |
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A.B. Satyavas Reddy |
|
310 |
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MD. Rizwan |
|
10 |
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Mukthar Unisa Rizwan |
|
10 |
|
T.S.R. Murthy |
|
10 |
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B.V. Samba Siva Rao |
|
10 |
|
B. Jhansi |
|
10 |
|
Infotech Infin and Trading
Private Limited, India |
|
558500 |
|
Bhagyanagar Investments
and Trading Private Limited, India |
|
608500 |
|
Swain Finance and Trading
Private Limited, India |
|
558500 |
|
Golkonda Finance and
Trading Private Limited, India |
|
508500 |
|
G.B. Trading and
Investments Private Limited, India |
|
658500 |
|
Prime Infoinvest Limited,
India |
|
558500 |
|
G.V.N. Sreedhar Raju |
|
17500 |
|
Lumbini Electricals Private Limited, India |
|
9000 |
|
K.P.C. Rao |
|
1050 |
|
M.S. Murthy |
|
511090 |
|
P. Anjaneyulu |
|
507060 |
|
Total
|
|
4498070 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
76.92 |
|
Directors
or relatives of directors |
|
0.01 |
|
Other
top fifty shareholders |
|
23.07 |
|
Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of Iron and Steel Products. |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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No. of Employees : |
52 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
G.V. Suryanarayana Murthi Chartered Accountant |
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Address : |
B-166, Sanjeeva Reddy Nagar
Colony, Hyderabad – 500 038, Andhra Pradesh, India |
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Tel. No.: |
91-40-66828975 |
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Mobile No.: |
91-9866644480 |
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E-Mail : |
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PAN No: |
AJDPM5800C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 millions |
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|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4498070 |
Equity Shares |
Rs.10/- each
|
Rs.44.981
millions |
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Terms / Rights attached to
Equity shares
The company has only one class
of shares having a par value of Rs.10/- per share fully paid up. Each holder of
equity shares is entitled to one vote per share and will rank parri passu with
each other in all aspects.
Reconciliation of the number
of shares and amount outstanding at the beginning and at the end of the
reporting year
|
Particulars |
As at 31st March, 2012 |
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|
No. of shares |
Amount (Rs. in millions) |
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|
a) Equity |
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|
|
Shares Outstanding at the
Beginning of the Year |
4498070 |
44.981 |
|
Shares Issued During the
Year |
-- |
-- |
|
Shares Bought Back During
the Year |
-- |
-- |
|
Shares Outstanding at the
End of the Year |
4498070 |
44.981 |
Details of Shares held by
each shareholder holding more than 5% shares:
|
Name of Shareholder |
As at 31st March, 2012 |
|
|
No. of Shares |
% |
|
|
Equity Shares of Rs.10/-
each Fully Paid |
|
|
|
GB Trading and Investments
Private Limited |
658500 |
14.64 |
|
Bhagyanagar Investments
and Trading Private Limited |
608500 |
13.53 |
|
Infotech Infin and Trading
Private Limited |
558500 |
12.42 |
|
Swain Finance and Trading
Private Limited |
558500 |
12.42 |
|
Prime Infoinvest Limited |
558500 |
12.42 |
|
M.S. Murthy |
511090 |
11.36 |
|
Golkonda Finance and
Trading Private Limited |
508500 |
11.30 |
|
P. Anjaneyulu |
507060 |
11.27 |
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 |
|
|
|
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(a) Share Capital |
|
44.981 |
44.981 |
|
(b) Reserves & Surplus |
|
322.411 |
316.401 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
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|
|
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|
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(2) Share Application money pending allotment |
|
0.000 |
120.262 |
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Total Shareholders’
Funds (1) + (2) |
|
367.392 |
481.644 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.045 |
|
(b) Deferred tax liabilities (Net) |
|
1.661 |
3.139 |
|
(c)
Other long term liabilities |
|
1550.212 |
160.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
|
1551.873 |
163.184 |
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
151.262 |
151.308 |
|
(b)
Trade payables |
|
4366.997 |
1705.387 |
|
(c)
Other current liabilities |
|
3.255 |
4.678 |
|
(d)
Short-term provisions |
|
4.365 |
3.835 |
|
Total
Current Liabilities (4) |
|
4525.879 |
1865.208 |
|
|
|
|
|
|
TOTAL |
|
6445.144 |
2510.036 |
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
7.742 |
14.245 |
|
(ii)
Intangible Assets |
|
0.000 |
0.043 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.003 |
0.003 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
6.843 |
6.840 |
|
(e)
Other Non-current assets |
|
0.483 |
0.451 |
|
Total
Non-Current Assets |
|
15.071 |
21.582 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
5796.416 |
2117.355 |
|
(d)
Cash and cash equivalents |
|
16.632 |
114.661 |
|
(e)
Short-term loans and advances |
|
617.025 |
256.438 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
6430.073 |
2488.454 |
|
|
|
|
|
|
TOTAL |
|
6445.144 |
2510.036 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
44.981 |
|
|
2] Share Application Money |
|
|
0.261 |
|
|
3] Reserves & Surplus |
|
|
311.406 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
356.648 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
152.058 |
|
|
2] Unsecured Loans |
|
|
180.000 |
|
|
TOTAL BORROWING |
|
|
332.058 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.488 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
693.194 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
19.828 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
1954.161 |
|
|
Cash & Bank Balances |
|
|
37.641 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
82.941 |
|
Total
Current Assets |
|
|
2074.743 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1050.581 |
|
|
Other Current Liabilities |
|
|
348.058 |
|
|
Provisions |
|
|
2.739 |
|
Total
Current Liabilities |
|
|
1401.378 |
|
|
Net Current Assets |
|
|
673.365 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.001 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
693.194 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations
(Net) |
16520.167 |
8663.883 |
6390.581 |
|
|
|
Other Income |
0.306 |
0.098 |
0.137 |
|
|
|
TOTAL (A) |
16520.473 |
8663.981 |
6390.718 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
16445.121 |
8557.407 |
|
|
|
|
Employee
Benefits Expenses |
4.646 |
3.548 |
|
|
|
|
Other Expenses |
14.494 |
18.061 |
|
|
|
|
TOTAL (B) |
16464.261 |
8579.016 |
6348.973 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
56.212 |
84.965 |
41.745 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.588 |
72.204 |
29.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.624 |
12.761 |
12.126 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.727 |
5.280 |
5.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
8.897 |
7.481 |
6.827 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.887 |
2.486 |
2.110 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.010 |
4.995 |
4.717 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
29.931 |
24.936 |
20.219 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
35.941 |
29.931 |
24.936 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB
value of Exports |
1955.509 |
442.504 |
NA |
|
|
TOTAL EARNINGS |
1955.509 |
442.504 |
NA |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
2160.259 |
865.724 |
265.122 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.34 |
1.11 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
96940.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.100000.000 millions
The above information has been parted by Mr. Babu Pawan Kumar (Accounts Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.04
|
0.06 |
0.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.05
|
0.09 |
0.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.14
|
0.30 |
0.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.41
|
0.31 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.33 |
1.48 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
- Trade Payables for Goods and
Services |
4366.997 |
1705.387 |
1050.581 |
Trade
payables include Rs. Nil (31.03.2011: Rs. Nil) due to micro enterprises and
small enterprises as defined under Micro, Small and Medium Enterprises
Development Act, 2006 (MSMED Act 2006). The Company has not received any memorandum
(as required to be filed by the supplier with the notified authority under the
MSMED Act 2006) claiming their status as Micro or Small or Medium Enterprises.
|
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 four years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
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 |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from Plot No.247, 2nd
Floor, Dwarakapuri Colony, Punjagutta, Hyderabad – 500 082, Andhra Pradesh to
the present address w.e.f. 25.02.2012.
FIXED ASSETS:
·
Furniture and Fixtures
·
Office Equipment
·
Computers
·
Vehicles
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.61.05 |
|
|
1 |
Rs.90.89 |
|
Euro |
1 |
Rs.78.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.