MIRA
INFORM REPORT
|
Report Date : |
04.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
NICCO CORPORATION LIMITED |
|
|
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|
Registered
Office : |
Nicco House, 2 Hare Street, Kolkata – 700001, West Bengal |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
31.05.1983 |
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Com. Reg. No.: |
21-036362 |
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Capital
Investment / Paid-up Capital : |
Rs. 448.191 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
L55101WB1983PLC036362 |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCN0570G |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Cables. |
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|
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|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Sick company |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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Comments : |
The subject company is declared as a sick unit by Board for Industrial
and Financial Reconstruction. The management has register case (Case No.3/2011) with Board for
Industrial and Financial Reconstruction under sick industrial companies act
1985. The order on which for approval for rehabilitation proposal is
pending. Business is active. Payment terms are slow and delayed. The company can be considered for business dealing on a fully secured
trade terms and condition. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80 million
was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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. Prashant Pandit |
|
Designation : |
Account Department |
|
Contact No.: |
91-33-66285000 |
|
Date : |
02.04.2014 |
LOCATIONS
|
Registered Office / Head Office / Regional
Offices 1 : |
Nicco House, |
|
Tel. No.: |
91-33-66285000/66285250 |
|
Fax No.: |
91-33-22309443 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
P.O. Authpur, Shamnagar, 24-Parganas (North) – 743128, West |
|
Tel. No.: |
91-33-66285368 / 5470 / 5471 |
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Fax No.: |
91-33-25812940 |
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E-Mail : |
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Factory 2 : |
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Tel. No.: |
91-6792-252454 / 252434 |
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Fax No.: |
91-6792-252398 |
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Regional Offices 2 : |
63, Wallajah Road, Chennai - 600002, Tamilnadu, India |
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Tel. No.: |
91-44-28545523 / 28512948 |
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Fax No.: |
91-44-28546673 |
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E-Mail : |
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Branch Offices 1 : |
Unit Nos. 1257 and 1258, Mittal Tower, 14th Floor, "A" Wing, 47/6, M. G. Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-25321468 / 25209201 |
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Fax No.: |
91-80-25594436 |
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E-Mail : |
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Branch Offices 2 : |
"Yogi Darshan", 13A Nutan Bharat Society, Alkapuri, Vadodara – 390007, Gujarat, India |
|
Tel. No.: |
91-265-2345278 |
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Fax No.: |
91-265-2330307 |
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E-Mail : |
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Branch Offices 3 : |
M8-11A, Hemkunt Chamber 89, Nehru Place, New Delhi –
110019, India |
|
Tel. No.: |
91-11-41717208 / 41717209 |
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Fax No.: |
91-11-41717210 |
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E-Mail : |
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Branch Offices 4 : |
33-35, Indraprastha, 2nd Floor, L. B. S. MARG, Vikhroli (West), Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
022 25773596 / 97 / 98 |
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Fax No.: |
91 022 25773599 |
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E-Mail : |
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Branch Offices 5 : |
H. No. 3-5-579-581, Flat No. 202, 2nd Floor, Citadel Apartments, Adjacent to State Bank of Hyderabad Street No. 6, Narayanaguda, Hyderabad – 500029, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23220602 |
|
Fax No.: |
91-40-23220471 |
|
E-Mail : |
DIRECTORS
As on 24.09.2013
|
Name : |
Mr. Rajive Kaul |
|
Designation : |
Chairman |
|
Address : |
14/1, Buadwan Road, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
03.04.1949 |
|
Date of Appointment : |
22.05.1992 |
|
DIN No.: |
00065554 |
|
|
|
|
Name : |
Mr. Udayan Ray |
|
Designation : |
Managing Director |
|
Address : |
Maya Apartment, 14/1 Khanpur Road, Kolkata – 700047, West Bengal,
India |
|
Date of Birth/Age : |
01.06.1945 |
|
Date of Appointment : |
30.07.2003 |
|
DIN No.: |
00065616 |
|
|
|
|
Name : |
Mr. Tridibesh Mukherjee |
|
Designation : |
Director |
|
Date of Birth/Age : |
13.10.1942 |
|
Date of Appointment : |
10.08.2009 |
|
DIN No.: |
00004777 |
|
|
|
|
Name : |
Mr. Narottam Das |
|
Designation : |
Director |
|
Address : |
Flat No. 77, Nirmala Plazaa – B, Aiforestpa, Bhubneswar – 751009,
Orissa, India |
|
Date of Birth/Age : |
26.12.1937 |
|
Date of Appointment : |
12.04.1993 |
|
DIN No.: |
00080612 |
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|
|
|
Name : |
Mr. Prabir Chakravarti |
|
Designation : |
Director |
|
Address : |
42 A Dimonad Harbour Road, Kolkata – 700038, West Bengal, India |
|
Date of Birth/Age : |
30.04.1944 |
|
Date of Appointment : |
19.09.2001 |
|
DIN No.: |
00273523 |
|
|
|
|
Name : |
Mr. Sujit Poddar |
|
Designation : |
Director |
|
Address : |
KK 127, Salt Lake, Kolkata – 700091, West Bengal, India |
|
Date of Birth/Age : |
02.07.1947 |
|
Date of Appointment : |
31.05.2006 |
|
DIN No.: |
00041438 |
|
|
|
|
Name : |
Mr. Sanjoy Bhattacharya |
|
Designation : |
Director |
|
Address : |
Udita Phase Iflatud, 030302 1050/1 Survey, Kolkata – 700075, West
Bengal, India |
|
Date of Birth/Age : |
20.05.1946 |
|
Date of Appointment : |
28.11.1995 |
|
DIN No.: |
00199489 |
|
|
|
|
Name : |
Ms. Pallavi Priyadarshini Kaul |
|
Designation : |
Director |
|
Address : |
14/1, Buadwan Road, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
11.09.1975 |
|
Date of Appointment : |
31.10.2007 |
|
DIN No.: |
00065449 |
|
|
|
|
Name : |
Mr. Shiv Siddhant Narayan Kaul |
|
Designation : |
Director |
|
Address : |
14/1, Buadwan Road, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
24.10.1977 |
|
Date of Appointment : |
31.10.2007 |
|
DIN No.: |
01495808 |
|
|
|
|
Name : |
Mr. Dilip Kumar Datta |
|
Designation : |
Director |
|
Address : |
CL – 222 Salt Lake, City Sector Ck Mareft, Kolkata – 700091, West
Bengal, India |
|
Date of Birth/Age : |
07.09.1945 |
|
Date of Appointment : |
31.03.2011 |
|
DIN No.: |
00406151 |
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|
|
|
Name : |
Mr. Swapankar Mukharjee |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Niraj Kela |
|
Designation : |
Director |
|
Address : |
A-603, Dwarkar Apartments, Plot No.21, Sector -7, Dearka, Delhi – 110075, India |
|
Date of Birth/Age : |
14.07.1963 |
|
Date of Appointment : |
09.07.2012 |
|
DIN No.: |
05345300 |
|
|
|
|
Name : |
Mr. Manash Mrityunjoy Chakraborty |
|
Designation : |
Additional Director |
|
Address : |
Belfer Apartment, 601, 6th Floor, Waterfield Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
12.04.1954 |
|
Date of Appointment : |
12.02.2014 |
|
DIN No.: |
05293875 |
KEY EXECUTIVES
|
Name : |
Mr. Indranil Mitra |
|
Designation : |
General Manager and Company Secretary |
|
Address : |
Prantik Housing EST, Block – A, Flat – 4, Co/6Z, Kolkata – 700002,
West Bengal, India |
|
Date of Birth/Age : |
21.07.1977 |
|
Date of Appointment : |
04.05.2011 |
|
PAN No.: |
APEPM4790C |
|
|
|
|
Name : |
Mr. Prashant Pandit |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2013
Category of Shareholders
|
No. of shares
|
Percentage (%)
|
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
18722179 |
14.87 |
|
|
20846164 |
16.56 |
|
|
39568343 |
31.43 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
39568343 |
31.43 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
12321 |
0.01 |
|
|
1458587 |
1.16 |
|
|
1159674 |
0.92 |
|
|
1761 |
0.00 |
|
|
2632343 |
2.09 |
|
|
|
|
|
|
45318024 |
36.00 |
|
|
|
|
|
|
24263224 |
19.28 |
|
|
11742476 |
9.33 |
|
|
2353072 |
1.87 |
|
|
523072 |
0.42 |
|
|
1830000 |
1.45 |
|
|
83676796 |
66.47 |
|
Total Public shareholding (B) |
86309139 |
68.57 |
|
Total (A)+(B) |
125877482 |
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) |
125877482 |
0.00 |
As on 24.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Public financial companies |
1.25 |
|
Nationalised or other banks |
0.84 |
|
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
1.87 |
|
Bodies corporate |
53.47 |
|
Directors or relatives of Directors |
0.20 |
|
Other top fifty shareholders |
8.30 |
|
Others |
34.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cables. |
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Products : |
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Terms : |
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Selling : |
Cash / L/C / Credit |
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Purchasing : |
Cash / L/C / Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
Tel.
No.: 91-33-2213002
Tel.
No.: 91-33-22820051
|
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
G. Basu and Company Chartered Accountants |
|
Address : |
Basu House, 3, Chowringhee Approach, Kolkata - 700 072, West Bengal,
India |
|
PAN No.: |
AACFG9413D |
|
|
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|
Associate : |
|
CAPITAL STRUCTURE
As on 24.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235000000 |
Equity Shares |
Rs.2/- each |
Rs.470.000 Millions |
|
9090910 |
6% Optional Convertible Cumulative Preference Shares |
Rs.22/- each |
Rs.200.000 Millions |
|
2200000 |
5% Cumulative Redeemable Preference Share |
Rs.100/- each |
Rs.220.000 Millions |
|
|
Total |
|
Rs.890.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
131877482 |
Equity Shares |
Rs.2/- each |
Rs.263.755 Millions |
|
2183000 |
Preference Shares |
Rs.100/- each |
Rs.218.300 Millions |
|
|
Total |
|
Rs.482.055 Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235000000 |
Equity Shares |
Rs.2/- each |
Rs.470.000 Millions |
|
9090910 |
6% Optional Convertible Cumulative Preference Shares |
Rs.22/- each |
Rs.200.000 Millions |
|
2200000 |
5% Cumulative Redeemable Preference Share |
Rs.100/- each |
Rs.220.000 Millions |
|
|
Total |
|
Rs.890.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114945482 |
Equity Shares |
Rs.2/- each |
Rs.229.891 Millions |
|
2183000 |
Preference Shares |
Rs.100/- each |
Rs.218.300 Millions |
|
|
Total |
|
Rs.448.191 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
448.191 |
442.221 |
442.221 |
|
(b) Reserves & Surplus |
(1117.895) |
(863.456) |
(731.769) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
30.100 |
28.000 |
16.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(639.604) |
(393.235) |
(273.548) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
584.072 |
825.441 |
1244.772 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
38.048 |
3.557 |
2.599 |
|
(d) long-term
provisions |
19.942 |
88.385 |
85.687 |
|
Total Non-current
Liabilities (3) |
642.062 |
917.383 |
1333.058 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
396.127 |
499.785 |
374.761 |
|
(b) Trade
payables |
1843.048 |
1402.748 |
1403.690 |
|
(c) Other
current liabilities |
1063.828 |
978.284 |
552.560 |
|
(d) Short-term
provisions |
121.404 |
110.948 |
113.321 |
|
Total Current
Liabilities (4) |
3424.407 |
2991.765 |
2444.332 |
|
|
|
|
|
|
TOTAL |
3426.865 |
3515.913 |
3503.842 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
797.375 |
867.555 |
928.542 |
|
(ii)
Intangible Assets |
0.138 |
0.687 |
1.238 |
|
(iii)
Capital work-in-progress |
4.809 |
7.247 |
4.291 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
44.864 |
242.784 |
243.283 |
|
(c) Deferred tax assets (net) |
508.513 |
508.513 |
508.513 |
|
(d) Long-term Loan and Advances |
44.303 |
51.312 |
60.848 |
|
(e) Other
Non-current assets |
143.019 |
125.754 |
105.789 |
|
Total Non-Current
Assets |
1543.021 |
1803.852 |
1852.504 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
252.996 |
291.793 |
332.013 |
|
(c) Trade
receivables |
0.000 |
1229.262 |
1101.087 |
|
(d) Cash
and cash equivalents |
134.052 |
22.711 |
38.312 |
|
(e)
Short-term loans and advances |
172.068 |
168.295 |
179.926 |
|
(f) Other
current assets |
1324.728 |
0.000 |
0.000 |
|
Total
Current Assets |
1883.844 |
1712.061 |
1651.338 |
|
|
|
|
|
|
TOTAL |
3426.865 |
3515.913 |
3503.842 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2504.422 |
2889.147 |
2899.555 |
|
|
|
Other Income |
13.088 |
18.398 |
14.964 |
|
|
|
TOTAL (A) |
2517.510 |
2907.545 |
2914.519 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1274.785 |
1391.069 |
1330.936 |
|
|
|
Purchases of Stock-in-Trade |
232.095 |
373.793 |
446.583 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
33.559 |
63.275 |
68.846 |
|
|
|
Employees benefits expense |
313.038 |
293.600 |
296.712 |
|
|
|
Other expenses |
407.485 |
438.729 |
638.611 |
|
|
|
Extra Ordinary
Expense/(Income) |
31.389 |
29.250 |
-66.966 |
|
|
|
TOTAL (B) |
2292.351 |
2589.716 |
2714.722 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
225.159 |
317.829 |
199.797 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
411.488 |
368.454 |
340.606 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(186.329) |
(50.625) |
(140.809) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
57.565 |
57.438 |
56.548 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
(243.894) |
(108.063) |
(197.357) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.422 |
8.587 |
(43.270) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
(250.316) |
(116.650) |
(154.087) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1529.364) |
(1412.714) |
(1258.627) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1779.680) |
(1529.364) |
(1412.714) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
41.847 |
45.551 |
|
|
|
Stores & Spares |
NA |
3.233 |
0.000 |
|
|
|
Capital Goods |
NA |
20.335 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
65.415 |
45.551 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.27) |
(1.14) |
(1.47) |
|
Expected Sales (2013-14) : Rs.2200.000 Millions (Due to market fluctuation)
The above information has been parted by Mr. Prashant Pandit
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2013 |
30.09.2013 |
31.12.2013 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
521.900 |
598.400 |
611.500 |
|
Total Expenditure |
502.000 |
525.400 |
564.300 |
|
PBIDT (Excl OI) |
19.900 |
73.000 |
47.200 |
|
Other Income |
7.400 |
7.500 |
0.540 |
|
Operating Profit |
27.300 |
80.500 |
52.600 |
|
Interest |
106.700 |
105.000 |
105.600 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
(79.400) |
(24.500) |
(53.000) |
|
Depreciation |
15.500 |
15.400 |
15.600 |
|
Profit Before Tax |
(94.900) |
(39.900) |
(68.600) |
|
Tax |
0.000 |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
(94.900) |
(39.900) |
(68.600) |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
(94.900) |
(39.900) |
(68.600) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
(9.94) |
(4.01) |
(5.29) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.74) |
(3.74) |
(6.81) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.50) |
(3.92) |
(7.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38 |
0.27 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(1.53) |
(3.37) |
(5.92) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.55 |
0.57 |
0.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
442.221 |
442.221 |
448.191 |
|
Reserves & Surplus |
(731.769) |
(863.456) |
(1117.895) |
|
Share Application money
pending allotment |
16.000 |
28.000 |
30.100 |
|
Net
worth |
(273.548) |
(393.235) |
(639.604) |
|
|
|
|
|
|
long-term borrowings |
1244.772 |
825.441 |
584.072 |
|
Short term borrowings |
374.761 |
499.785 |
396.127 |
|
Total
borrowings |
1619.533 |
1325.226 |
980.199 |
|
Debt/Equity
ratio |
(5.920) |
(3.370) |
(1.533) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2899.555 |
2889.147 |
2504.422 |
|
|
|
(0.359) |
(13.316) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2899.555 |
2889.147 |
2504.422 |
|
Profit / (Loss) |
(154.087) |
(116.650) |
(250.316) |
|
|
(5.31%) |
(4.04%) |
(9.99%) |
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% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
LITIGATIONS DETAILS
|
CALUCATTA HIGH COURT CASE STATUS INFORMATION SYSTEM Case Status : Pending Status of : CIVIL
SUITS (CS) 247
of 2013 KND ENGINEERING
TECHNOLOGIES LIMITED Vs. NICCO CORPORATION LIMITED Pet’s Adv. : MUKHERJEE AND BISWAS Res’s Adv. : Court No. : 42 Last Listed
on : No Date Mentioned Category : MONEY
CLAIMS/COMPENSATION/DAMAGES/MESNE PROFITS
Case Updated on:
Tuesday, July 23, 2013 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Term loans from others |
55.343 |
92.387 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
24.437 |
24.437 |
|
Total |
79.780 |
116.824 |
|
|
|
|
FIXED ASSETS
- Buildings
- Lift
- Plant and Machinery
- Weighing Machines
- Furniture and Fixtures
- Motor Cars / Cycles / Motor Cycles
- Trucks and Heavy Vehicles
- Railway Sidings
- Electrical Installations
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] 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.60.12 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.82.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
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.