MIRA INFORM REPORT
|
Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNITY INFRAPROJECTS LIMITED (w.e.f. 14.01.2000) |
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Formerly Known
As : |
UNITY BUILDERS LIMITED |
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Registered Office
: |
1252 Pushpanjali Apartments, Old Prabhadevi Road, Mumbai-400025,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
09.04.1997 |
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Com. Reg. No.: |
11-107153 |
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Capital
Investment / Paid-up Capital : |
Rs.148.175
Millions |
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CIN No.: [Company Identification
No.] |
L99999MH1997PLC107153 |
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PAN No.: [Permanent Account No.] |
AAACU4560E |
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Legal Form : |
A Public Limited Liability Company, Company's Shares are Listed on
Stock Exchange |
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Line of Business
: |
Construction and Engineering. |
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No. of Employees
: |
1000 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 29800000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track record.
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB+ [Long Term Bank Facilities] |
|
Rating Explanation |
Suspended = Moderate degree of safety and moderate credit risk. |
|
Date |
29.10.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A3+ [Short Term Bank Facilities] |
|
Rating Explanation |
Suspended = Moderate degree of safety and higher credit risk. |
|
Date |
29.10.2012 |
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.
LOCATIONS
|
Registered Office : |
1252 Pushpanjali Apartments, Old Prabhadevi Road, Mumbai-400025,
Maharashtra, India |
|
Tel. No.: |
91-22-66665500 |
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Fax No.: |
91-22-66665599 |
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E-Mail : |
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Website : |
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Head Office : |
Located at Mumbai, Maharashtra, India |
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Regional Office : |
Located At:
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Building Project : |
Located At:
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Water Project : |
Located At:
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Transport Project : |
Located At:
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DIRECTORS
AS ON 31.03.2012
|
Name : |
Mr. Abhijit K. Avarsekar |
|
Designation : |
Vice Chairman and Managing Director |
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Name : |
Mr. Kishore K. Avarsekar |
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Designation : |
Chairman and Managing Director |
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Name : |
Mrs. Pushpa K. Avarsekar |
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Designation : |
Executive Director |
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Name : |
Mr. Ashish K. Avarsekar |
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Designation : |
Executive Director |
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Name : |
Mr. Anil G. Joshi |
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Designation : |
Director |
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Name : |
Mr. Chaitanya Joshi |
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Designation : |
Director |
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Name : |
Mr. Girish Gokhale |
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Designation : |
Director |
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Name : |
Mr. Dinesh Joshi |
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Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Madnav
Nadkarni |
|
Designation : |
Chief Financial Officer |
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Name : |
Mr. Prakash Chavan |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2013
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
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|
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|
24718000 |
33.36 |
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|
21746500 |
29.35 |
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|
46464500 |
62.72 |
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|
|
Total shareholding of Promoter and Promoter Group (A) |
46464500 |
62.72 |
|
(B) Public Shareholding |
|
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|
|
|
|
|
|
136696 |
0.18 |
|
|
4593075 |
6.20 |
|
|
1255477 |
1.69 |
|
|
5985248 |
8.08 |
|
|
|
|
|
|
5192589 |
7.01 |
|
|
|
|
|
|
12569030 |
16.97 |
|
|
2748382 |
3.71 |
|
|
1127631 |
1.52 |
|
|
41945 |
0.06 |
|
|
610741 |
0.82 |
|
|
474945 |
0.64 |
|
|
21637632 |
29.21 |
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Total Public shareholding (B) |
27622880 |
37.28 |
|
Total (A)+(B) |
74087380 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
74087380 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction and Engineering. |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
1000 [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 : |
C B Chhajed and Company Chartered Accountant |
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Address : |
13, Manik Apartment, |
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Tel. No.: |
91-22-4226830 / 4314804 |
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Solicitors: |
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Name: |
MDP Partners |
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Associates/Subsidiaries : |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125000000 |
Equity Shares |
Rs.2/- each |
Rs.250.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
74087380 |
Equity Shares |
Rs.2/- each |
Rs.148.175
Millions |
NOTES:
Terms / rights attached to equity shares
- The Company has only one class of equity
shares having a par value of Rs. 2 per share. Each holder of equity shares
is entitled to one vote per share. The company declares and pays dividends
in Indian rupees. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual General
Meeting.
- During the year ended March 31, 2012 the
amount of per share dividend recognized as distributions to equity
shareholders was Re. 1 (Previous Year: Re. 1).
- In the event of liquidation of the company the
holders of equity shares will be entitled to receive remaining assets of
the company after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held by
the shareholders.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
148.175 |
148.175 |
148.175 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7310.150 |
6360.750 |
5503.665 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
7458.325 |
6508.925 |
5651.840 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7184.900 |
6480.491 |
4527.902 |
|
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2] Unsecured Loans |
234.855 |
162.443 |
2335.546 |
|
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TOTAL BORROWING |
7419.755 |
6642.934 |
6863.448 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
12.827 |
14.704 |
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|
|
|
|
|
|
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TOTAL |
14878.080 |
13164.686 |
12529.992 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1318.277 |
1158.641 |
1002.958 |
|
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Capital work-in-progress |
0.000 |
111.461 |
6.672 |
|
|
|
|
|
|
|
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INVESTMENT |
542.957 |
678.874 |
342.063 |
|
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DEFERREX TAX ASSETS |
17.834 |
0.000 |
0.000 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
1997.641
|
780.643 |
1330.140
|
|
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Sundry Debtors |
6762.625
|
6133.110 |
5615.749
|
|
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Cash & Bank Balances |
2179.128
|
1892.462 |
1610.202
|
|
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Other Current Assets |
2902.426
|
2268.141 |
0.000 |
|
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Loans & Advances |
5717.374
|
6542.992 |
6092.698
|
|
Total
Current Assets |
19559.194
|
17617.348 |
14648.789 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3096.376
|
2798.050 |
2870.512
|
|
|
Other Current Liabilities |
3274.383
|
3440.339 |
366.442
|
|
|
Provisions |
189.423
|
163.249 |
233.536
|
|
Total
Current Liabilities |
6560.182
|
6401.638 |
3470.490
|
|
|
Net Current Assets |
12999.012
|
11215.710 |
11178.299
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14878.080 |
13164.686 |
12529.992 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
19755.778 |
17038.177 |
14789.682 |
|
|
|
Other Income |
171.628 |
150.095 |
122.101 |
|
|
|
TOTAL (A) |
19927.406 |
17188.272 |
14911.783 |
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|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
9775.251 |
7904.110 |
|
|
|
|
Construction expenses |
5745.363 |
5053.985 |
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|
|
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Employee benefits expense |
614.839 |
587.015 |
12854.597 |
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Office and establishment expenses |
1012.465 |
853.236 |
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|
Changes in
inventories of finished goods, work-in-progress and Stock-in-Trade |
(139.052) |
344.991 |
|
|
|
|
TOTAL (B) |
17008.866 |
14743.337 |
12854.597 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2918.540 |
2444.935 |
2057.186 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1213.170 |
832.679 |
583.868 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1705.370 |
1612.256 |
1473.318 |
|
|
|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
200.524 |
179.935 |
174.705 |
|
|
|
|
|
|
|
|
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|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1504.846 |
1432.321 |
1298.613 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
469.339 |
488.843 |
447.287 |
|
|
|
|
|
|
|
|
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|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1035.507 |
943.478 |
851.326 |
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|
|
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3121.500 |
2360.500 |
1681.861 |
|
|
|
|
|
|
|
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
110.000 |
96.000 |
86.000 |
|
|
|
Proposed Dividend on Equity Shares |
74.100 |
74.100 |
74.087 |
|
|
|
Distribution Tax on Dividend |
12.000 |
12.300 |
12.591 |
|
|
BALANCE CARRIED
TO THE B/S |
3960.907 |
3121.578 |
2360.509 |
|
|
|
|
|
|
|
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|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
47.417 |
30.895 |
61.241 |
|
|
|
Components & Spare Parts |
22.049 |
0.000 |
0.000 |
|
|
|
Capital Goods |
68.395 |
145.028 |
0.000 |
|
|
TOTAL IMPORTS |
137.861 |
175.923 |
61.241 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
13.98 |
12.73 |
11.49 |
|
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2012 |
30.09.2012 |
31.12.2012 |
31.03.2013 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
|
Net Sales |
3968.400 |
4015.800 |
5544.300 |
6925.600 |
|
Total Expenditure |
3414.600 |
3307.200 |
4746.300 |
6193.700 |
|
PBIDT (Excl OI) |
553.900 |
708.500 |
798.000 |
731.900 |
|
Other Income |
46.300 |
15.500 |
42.800 |
74.900 |
|
Operating Profit |
600.100 |
724.000 |
840.800 |
806.800 |
|
Interest |
294.500 |
408.800 |
425.400 |
398.900 |
|
PBDT |
305.700 |
315.200 |
415.400 |
407.900 |
|
Depreciation |
48.800 |
55.600 |
54.600 |
60.000 |
|
Profit Before Tax |
256.800 |
259.600 |
360.700 |
347.900 |
|
Tax |
76.000 |
94.000 |
80.000 |
49.500 |
|
Profit After Tax |
180.800 |
165.700 |
280.700 |
298.400 |
|
Net Profit |
180.800 |
165.700 |
280.700 |
298.400 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.20
|
5.49 |
5.71
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.62
|
8.40 |
8.79
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.20
|
7.63 |
8.30
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.22 |
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.99
|
1.02 |
1.83
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.98
|
2.75 |
4.22
|
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 |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
RESULTS OF
OPERATIONS
Financial Year
2011-12 was a challenging year. The global economy barely a year after
recession, witnessed lower economic growth. The European Economies stagnated
and the US witnessed a downgrade in its credit rating, while the growth engines
of a global economy, China and India were forced to tighten liquidity to tame
rising inflation. In addition, civil unrest in Libya and tsunami in Japan posed
further challenges. Despite these constraints and challenging environment, the
Company performed well. The company's strong order book and execution
capabilities can be visualized by noticing an overall strong growth in terms of
turnover and profitability. The highlights of the performance are as under:
- Revenue from operations increased by 15.95% to
Rs. 19755.700 Millions.
- PBDIT increased by 19.37% to Rs. 2918.500
Millions.
- Profit Before Tax increased by 5.06% to Rs.
1504.800 Millions.
- Net Profit increased by 9.76% to Rs.
1035.500 Millions.
UNITY REALTY AND DEVELOPERS LIMITED
100% Wholly owned
subsidiary of Unity Infraprojects Limited
Unity
Infraprojects Limited has forayed into real estate development through its
wholly-owned subsidiary; Unity Realty and Developers Ltd. (URDL) and currently
undertaking real estate development at 4 locations, viz; Bengaluru, Kolkata,
Goa and Nagpur. The company has invested to the tune of Rs. 2020.000 Millions.
in 5 real estate projects, including Pune. However, the development plans are
in the initial stages.
Bangalore Real
estate project - The Company has acquired 17 acres of land at Bangalore and is planning
to develop 2.5 mn. Sq ft budget housing project. The company has invested Rs.
0.5 bn for land acquisition. The plans are submitted to the concerned
authorities for approval in FY12 and the project is scheduled to be launched by
Q2FY13.
Kolkata Real
estate Project - The Company has acquired 25 acres of land in Kolkata. The investment
done by the company till date is Rs. 700.000 Millions. The project is in the
planning stage.
Goa IT Park Project
- The
Company has bagged the project for developing "Rajiv Gandhi IT Habitat
Park" at Donna Paula, Goa with total construction area of 0.75 mn. sq ft.
It has a concession period of 90 years. The company has till date invested Rs.
100.000 Millions. The work on this project has got delayed due to certain
procedural policy matters adopted by the Government. The management is
expecting the issue to get resolved at the earliest.
Nagpur Real estate
project - URDL had bagged the project to develop six malls in Nagpur on BOT basis
from Nagpur Municipal Corporation. The company is planning to develop 2.6 mn.
sq ft. on this project. However, Nagpur Municipal Corporation has allotted land
for only two malls and for remaining malls is yet to be allotted. The Company
is following up with NMC to hand over the remaining 4 parcels of land as
development in segregate manner would delay the project.
UNITY INFRASTRUCTURE ASSETS LIMITED
100% Wholly owned
subsidiary of Unity Infraprojects Limited
Unity
Infrastructure Assets Limited (UIAL) is a holding company of Unity
Infraprojects Limited which includes all the SPVs of BOT and Telecom projects.
Currently Unity Infrastructure Asset Limited has portfolio of 3 BOT projects,
out of which one project has achieved its financial closure. UIAL desires to
participate in a big way in the Asset Creation sector covering power,
transport, mega food parks, environment and mining projects. UIAL is also
studying the overseas markets and keenly watching the developments with a view
to make an entry into the world markets at an appropriate time.
Chomu Mahla Toll
Road Private Limited - Unity Infraprojects Limited through UIAL has
secured its first BOT project worth Rs 1980.000 Millions in the state of Rajasthan.
The Public Works Department, Jaipur awarded the project for two-laning of
section from Chomu to Mahal via Renwal, Jobner on Design, Build, Finance,
Operate, and Transfer (DBFOT) basis. The concession period of the said project
is 25 years and the completion period is 18 months.
Jind - Haryana
Border Toll Road Private Limited – Construction of 4 laning of Punjab/
Haryana Border - Jind Section of NH- 71 to be executed as BOT (Toll) basis on
BDFOT Pattern under NHDP Phase –III for a pre-agreed concession period of 27
years from by National Highways Authority of India and the said project is to
be completed within a period of 910 days. The Project value is Rs.5100.000
Millions.
Suratgarh -
Sriganganagar Toll Road Private Limited - Development and operation of Suratgarh-
Sriganganagar Section of NH-15 in the State of Rajasthan through Public Private
Partnership (the “PPP“) on Design, Build, Operate and Transfer (the “DBFOT”)
basis for a pre-agreed concession period of 11 years from the Chief Engineer,
(NH) Public Works Department, Rajasthan, Jaipur and the said project is to be
completed within a period of 18 months. The Project value is Rs. 3300.000
Millions.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
|
Claims against the company not acknowledged as debt (income tax
matters) |
232.749 |
151.286 |
|
Guarantees |
6778.202 |
5570.401 |
|
Corporate guarantees given by the company |
0.000 |
100.000 |
|
Letter of credit |
367.077 |
134.869 |
|
TOTAL |
7378.028 |
5956.556 |
FIXED ASSETS:
- Land and Building
- Plant and Machinery
- Furniture and Fixtures
- Office Equipments
- Computers
- Software
- Vehicles
AUDITED FINANCIAL RESULTS FOR
THE FINANCIAL YEAR ENDED MARCH 31, 2013
Rs. in Millions
|
Sr. No. |
Particular |
Quarter Ended |
Year Ended |
|
|
|
|
31.03.2013 |
31.12.2012 |
31.03.2013 |
|
|
|
Unaudited |
Unaudited |
Audited |
|
|
|
|
|
|
|
1. |
Net Sales/Income from
Operations |
6924.202 |
5511.077 |
20398.207 |
|
|
Other Operating
Income |
1.389 |
33.239 |
55.889 |
|
|
Total Income From Operations (Net) |
6925.591 |
5544.316 |
20454.096 |
|
|
|
|
|
|
|
2. |
Expenditure |
|
|
|
|
|
Cost
of materials consumed |
3635.437 |
2645.238 |
10196.956 |
|
|
Construction
expenses |
2124.168 |
1682.385 |
6449.706 |
|
|
Changes
in inventories of finished goods, work in progress and stock in trade |
59.414 |
(57.570) |
(524.100) |
|
|
Employee
benefits expenses |
154.873 |
169.295 |
666.604 |
|
|
Depreciation
and amortization expenses |
59.978 |
54.646 |
219.087 |
|
|
Other
expenses |
219.758 |
306.955 |
872.602 |
|
|
Total Expenses |
6253.628 |
4800.949 |
17880.855 |
|
|
|
|
|
|
|
3. |
Profit
From Operations before Other Income, Interest and Exceptional Items (1-2) |
671.962 |
743.367 |
2573.241 |
|
|
|
|
|
|
|
4. |
Other
Income |
74.846 |
42.771 |
179.320 |
|
|
|
|
|
|
|
5. |
Profit
Before Interest and Exceptional Items (3+4) |
746.809 |
786.138 |
2752.561 |
|
|
|
|
|
|
|
6. |
Interest |
398.900 |
425.409 |
1527.508 |
|
|
|
|
|
|
|
7. |
Profit
After Interest but before Exceptional Items (5-6) |
347.909 |
360.729 |
1225.053 |
|
|
|
|
|
|
|
8. |
Exceptional
Items |
-- |
-- |
-- |
|
|
|
|
|
|
|
9. |
Profit
from Ordinary Activities before Tax (7+8) |
347.909 |
360.729 |
1225.053 |
|
|
|
|
|
|
|
10. |
Tax Expense |
|
|
|
|
|
a)
Provision For Current tax |
30.000 |
80.000 |
280.000 |
|
|
b)
Provision For Deferred tax |
15.100 |
0.000 |
15.100 |
|
|
c)
Tax of Earlier Years |
4.401 |
0.000 |
4.401 |
|
|
Total |
49.501 |
80.000 |
299.501 |
|
|
|
|
|
|
|
11. |
Net Profit
from Ordinary Activities after Tax (9-10) |
298.408 |
280.729 |
925.552 |
|
|
|
|
|
|
|
12. |
Extraordinary
Item (net of expense) |
-- |
-- |
-- |
|
|
|
|
|
|
|
13. |
Net
Profit for the period (11-12) |
298.408 |
280.729 |
925.552 |
|
|
|
|
|
|
|
14. |
Paid-up
Equity Share Capital (Face Value of Rs.2/- Each) |
148.174 |
148.174 |
148.174 |
|
|
|
|
|
|
|
15. |
Reserves
Excluding Revaluation Reserve |
-- |
-- |
8218.481 |
|
|
|
|
|
|
|
16. |
Basic and Diluted Earning Per Share
(EPS) (Rs.)-Not Annualised |
|
|
|
|
|
a)
Basic and diluted EPS before extraordinary items |
4.02 |
3.78 |
12.49 |
|
|
b)
Basic and diluted EPS after extraordinary items |
4.02 |
3.78 |
12.49 |
|
|
|
|
|
|
|
17. |
Public Shareholding |
|
|
|
|
|
-Number
of Shares |
27622880 |
27622880 |
27622880 |
|
|
-
Percentage of Shareholding |
37.29 |
37.29 |
37.29 |
|
|
|
|
|
|
|
18. |
Promoters and Promoter Group
Shareholding |
|
|
|
|
|
a) Pledged/Encumbered |
|
|
|
|
|
-
Number of Shares |
Nil |
Nil |
Nil |
|
|
-
Percentage of Shares (as a % of the Total Shareholding of promoter and
promoter group) |
Nil |
Nil |
Nil |
|
|
-
Percentage of Shares (as a % of the Total Share Capital of the Company) |
Nil |
Nil |
Nil |
|
|
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
|
-
Number of Shares |
46464500 |
-- |
-- |
|
|
-
Percentage of Shares (as a % of the Total Shareholding of Promoter and
Promoter Group) |
100% |
-- |
-- |
|
|
- Percentage
of Shares (as a % of the Total Share Capital of the Company) |
62.71 |
-- |
-- |
NOTES:
- The above
results were reviewed by the audit committee and thereafter taken on
record by the board of directors at their meeting held on 30th
May, 2013.
- 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” as notified.
- The board of
directors have recommended a dividend of 10% i.e. Rs.0.20 per share on
face value of Rs.2/- each for the FY: 2012-2013
- In terms of
amended clause 41 of the listing agreement, the investor complaints
received and disposed off during the quarter ended March 31, 2013 are as
under:
|
Complaints pending at the beginning of the
quarter |
1 |
|
Complaint received during the quarter |
7 |
|
Complaints disposed during the quarter |
7 |
|
Complaints lying unresolved at the end of
the quarter |
1 |
- Previous year
figures have been re-grouped/re-classified wherever necessary.
STATEMENT OF ASSETS AND
LIABILITIES
Rs. in Millions
|
PARTICULARS |
31.03.2013 AUDITED |
|
Equity and liabilities |
|
|
Shareholders' fund |
|
|
Share capital |
148.175 |
|
Reserve & surplus |
8218.481 |
|
Sub-total
- Shareholders' funds |
8366.656 |
|
Non - current liabilities |
|
|
Long term borrowings |
903.406 |
|
Deferred tax liability (net) |
0.000 |
|
Long term provisions |
2.500 |
|
Sub-total
- Non-current liabilities |
905.906 |
|
Current liabilities |
|
|
Short term borrowings |
9068.443 |
|
Trade payables |
3063.231 |
|
Other current liabilities |
3490.002 |
|
Short term provisions |
70.407 |
|
Sub-total
- Current liabilities |
15692.083 |
|
|
|
|
Total -
Equity & Liabilities |
24964.645 |
|
|
|
|
Assets |
|
|
Non-current assets |
|
|
Fixed assets |
|
|
Tangible assets |
1300.663 |
|
Intangible assets |
30.543 |
|
Non-current investment |
605.120 |
|
Deferred tax assets (net) |
2.734 |
|
Long term loans & advances |
2.686 |
|
Other non-current assets |
1834.168 |
|
Sub-total
- Non-current Assets |
3775.914 |
|
Current
assets |
|
|
Current investments |
37.932 |
|
Inventories |
5398.737 |
|
Trade receivables |
8138.961 |
|
Cash & bank balances |
1121.575 |
|
Short term loans & advances |
6491.526 |
|
Sub-total
- Current Assets |
21188.731 |
|
|
|
|
Total –
Assets |
24964.645 |
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 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] 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.56.74 |
|
|
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.