1. Summary Information
|
|
|
Country |
|
|
Company Name |
PARAMOUNT
COMMUNICATIONS LIMITED |
Principal Name 1 |
Mr. Sanjay Aggarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Sandeep Aggarwal |
|
|
|
Registration # |
55-061295 |
|
Street Address |
C-125 Naraina Industrial Area, Phase-l, Naraina, New Delhi -110 028 |
||
|
Established Date |
05.09.1994 |
SIC Code |
-- |
|
Telephone# |
91-11-45618800 /
900 / 25897421-30 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-25893719 /
20 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Insulated Wire |
|
|
# of employees |
Not Available |
Product Name 2 |
Cable |
|
Paid up capital |
Rs.326,967,000/- |
Product Name 3 |
Power and control |
|
Shareholders |
shareholding of Promoter and Promoter Group = 48.35 Public shareholding = 51.65 |
Banking |
State Bank of |
|
Public Limited Corp. |
Yes |
Business Period |
20 Years |
|
IPO |
Yes |
International Ins. |
-- |
|
Public |
Yes |
Rating |
Ca (12) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate
: |
-- |
Paramount Wires and Cables Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,674,586,000 |
Current Liabilities |
2,187,391,000 |
|
Inventories |
1,488,637,000 |
Long-term Liabilities |
2,973,073,000 |
|
Fixed Assets |
876,919,000 |
Other Liabilities |
14,644,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
5,175,108,000 |
|
Invest& other Assets |
25,748,000 |
Retained Earnings |
(1,436,184,000) |
|
|
|
Net Worth |
(1,109,218,000) |
|
Total Assets |
4,065,890,000 |
Total Liab. & Equity |
4,065,890,000 |
|
Total Assets (Previous Year) |
5,024,222,000 |
|
|
|
P/L Statement as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Sales |
4,026,722,000 |
Net Profit |
1,034,334,000 |
|
Sales(Previous yr) |
4,677,345,000 |
Net Profit/(
Loss)(Prev.yr) |
(46,431,000) |
MIRA
INFORM REPORT
|
Report Date : |
02.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT COMMUNICATIONS LIMITED |
|
|
|
|
Registered
Office : |
C-125 Naraina Industrial Area, Phase-l, Naraina, New Delhi -110 028 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.09.1994 |
|
|
|
|
Com. Reg. No.: |
55-061295 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 326.966 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74899DL1994PLC061295 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP04139C / DELP08582A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP0969Q |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing of Insulated Wire and Cable. |
|
|
|
|
No. of Employees
: |
Not Denied |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company is under pressure. There are accumulated
losses recorded by the company. Rating also takes into consideration delay in servicing certain
repayment obligations. Business is active. Payments terms are slow and delayed. The company can be considered for business dealings on a safe and
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the GDP
of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term based limits = D |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery |
|
Date |
January 2014 |
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 DENIED BY
Management non – Corporative (91-11-4561890091)
LOCATIONS
|
Registered Office : |
C-125 Naraina Industrial Area, Phase-l, Naraina, New Delhi -110 028,
India |
|
Tel. No.: |
91-11-45618800 / 900 / 25897421-30 |
|
Fax No.: |
91-11-25893719 / 20 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
SP-30A, SP-30B, E-31, SP-76 (Part), SP-77 and SP-77A, Khushkhera Industrial Area, District Alwar - 301 707, Rajasthan, India |
|
|
|
|
Factory 2 : |
Plot No. 37, Industrial Area, Dharuhera, District Rewari - 122 106,, Haryana, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Sanjay Aggarwal |
|
Designation : |
Chairman and Chief Executive
Officer |
|
Date of Birth/Age : |
21.10.1962 |
|
Date of Appointment : |
01.11.1994 |
|
|
|
|
Name : |
Mr. Sandeep Aggarwal |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Satya Pal |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. S.P.S. Dangi |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Vijay Bhushan |
|
Designation : |
Director |
|
Date of Birth/Age : |
22.12.1958 |
|
Date of Appointment : |
22.07.2000 |
KEY EXECUTIVES
|
Name : |
Mr. Ratan Aggarwal |
|
Designation : |
Chief Compliance
Officer and Company Secretary |
|
|
|
|
Name : |
Mr. Manmeet Singh Anand |
|
Designation : |
Head (Business Development) |
|
|
|
|
Name : |
Mr. D. S. Muchhal |
|
Designation : |
President
Operations (Dharuhera Unit) |
|
|
|
|
Name : |
Mr. D.S. Muchhal |
|
Designation : |
President Operations (Khushkhera
Unit) |
|
|
|
|
Name : |
Mr. Ravi Prakash Gupta |
|
Designation : |
Vice President (Commercial) |
|
|
|
|
Name : |
Mr. R. K. Marwah |
|
Designation : |
Vice president-Technical |
|
|
|
|
Name : |
Mr. Dhruv Aggarwal |
|
Designation : |
Vice President (Business Development) |
|
|
|
|
Name : |
Mr. Tushar Aggarwal |
|
Designation : |
Vice President (Business Development) |
|
|
|
|
Name : |
Mr. S. K. Suri |
|
Designation : |
Genera] Manager-Marketing |
|
|
|
|
Name : |
Mr. N. K. Gunta |
|
Designation : |
General Manager-Accounts and Finance |
|
|
|
|
Name : |
. Mr. Rajeev Gupta |
|
Designation : |
General Manager-Marketing |
|
|
|
|
Name : |
Mr. R. S. Vohra |
|
Designation : |
General Manaqer-Q. A. (Khushkhera unit) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.06.2014
|
Category of Shareholder |
Total No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
22181155 |
17.75 |
|
|
42344802 |
33.89 |
|
|
64525957 |
51.65 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
64525957 |
51.65 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
1000000 |
0.80 |
|
|
100000 |
0.08 |
|
|
1100000 |
0.88 |
|
|
|
|
|
|
17275193 |
13.83 |
|
|
|
|
|
|
28754330 |
23.02 |
|
|
9134461 |
7.31 |
|
|
4141774 |
3.32 |
|
|
1206625 |
0.97 |
|
|
97554 |
0.08 |
|
|
2835848 |
2.27 |
|
|
1747 |
0.00 |
|
|
59305758 |
47.47 |
|
Total Public shareholding (B) |
60405758 |
48.35 |
|
Total (A)+(B) |
124931715 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
301750 |
0.00 |
|
|
301750 |
0.00 |
|
Total (A)+(B)+(C) |
125233465 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Insulated Wire and Cable. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Power Cables |
KMS |
80,000 |
34,806** |
|
Jelly Filled Telephone Cables |
CKM |
5,299,000 |
26,950 |
|
Optical Fibre Cables |
KMS |
20,000 |
6,769 |
* Includes all types of electric cables viz, LT/HT Power Cables, Control Cables, Instrumentation Cables, Thermocouple Cables, Railway Signaling Cables, Copper Flexible and Building Wires etc.
** Includes 0.145 Kms (Previous year 0.846 Kms) consumed during testing/ reprocessing. Installed capacity has been certified by Chairman and CEO and relied upon by Auditors
GENERAL INFORMATION
|
Customers : |
· BSES Delhi · Jindal Steel · Power Grid Corporation of India Limited (PGCIL) · Bharat Heavy Electricals Limited (BHEL) · Indian Oil Corporation Limited (IOCL) · Reliance Petroleum Limited · Reliance Energy Limited · Essar Constructions · Bhushan Power and Steel · Indian Railways · Railtel Corporation of India Limited · Indian Railway Construction Company · GET Power Private Limited · L and T · Tata Steel · Reliance Communications · BSNL ·
HP |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Industrial Finance Branch, Vijaya Building, 17, Barakhamba Road, New Delhi – 110 001, India · State Bank of Patiala · Dena Bank, Karol Bagh Branch, New Delhi – 110 005, India · Standard Chartered Bank · ICICI Bank Limited · Yes Bank Limited · Barclays Bank · IDBI Bank Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jagdish Chand and Company Chartered Accountants |
|
Address : |
H-20, Green Park (Main), New Delhi – 110 016, India |
|
|
|
|
Cost Auditors : |
|
|
Name : |
Aseem Jain and Associates Cost Accountants |
|
Address : |
New Delhi, India |
|
|
|
|
Subsidiaries : |
·
Paramount Holdings Limited, Cyprus ·
AEI Cables Limited, United Kingdom ·
AEI Power Cables Limited, United Kingdom |
|
|
|
|
Associate : |
Paramount Wires and Cables Limited |
|
|
|
|
Other related
parties in the Group where common control exists: |
·
April Investment and Finance Private Limited ·
Worth Finance and Leasing Private Limited ·
Paramount Telecables Limited ·
S.S. Aggarwal Foundation |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 326.967
Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
Rs.2/- each |
Rs.500.000 Millions |
|
1000000 |
Redeemable preference shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
Total |
|
Rs.600.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125233465 |
Equity Shares |
Rs.2/- each |
Rs.250.466
Millions |
|
765000 |
Redeemable preference shares |
Rs.100/-
each |
Rs.76.500
Millions |
|
|
Total |
|
Rs.326.966 Millions |
Rights, preferences
and restrictions attached to Equity Shares
Equity Shares: The Company has one class of equity shares having a par value of Rs. 2 /- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholdings.
Reconciliation of
Number of Equity Shares
|
Particulars |
Nos. |
Rs. in Millions |
|
Balance as at the beginning of the year |
93026965 |
186.053 |
|
Add: Issued during the year on conversion of warrants |
32206500 |
64.413 |
|
Balance as at the end of the year |
125233465 |
250.466 |
Equity Shares of par value of Rs. 2/- each have been allotted to warrant holders at Securities Premium of Rs. 11/- each upon exercise of option by them. Proceeds from issue have been utilised as per objects of the issue.
List of Equity
Shareholders holding more than 5% of the aggregate Equity Shares:
|
Name of Shareholder |
Nos. |
%age |
|
M/s Paramount Telecables Limited |
24851500 |
19.84 |
|
M/s April Investment and Finance Private Limited |
13040172 |
10.41 |
|
Mr. Sanjay Aggarwal |
5826100 |
4.65 |
|
Mr. Sandeep Aggarwal |
5732300 |
4.58 |
|
Mrs. Kamla Aggarwal |
5731600 |
4.58 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
326.967 |
326.966 |
186.053 |
|
(b) Reserves & Surplus |
(1436.184) |
(163.359) |
(132.529) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
(1109.218) |
163.607 |
53.524 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
1495.080 |
1625.684 |
1791.857 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
13.137 |
12.518 |
9.201 |
|
Total Non-current
Liabilities (3) |
1508.217 |
1638.202 |
1801.058 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1477.993 |
1325.462 |
1574.668 |
|
(b)
Trade payables |
819.361 |
1001.659 |
833.453 |
|
(c)
Other current liabilities |
1368.030 |
892.997 |
1049.191 |
|
(d) Short-term
provisions |
1.506 |
2.295 |
1.907 |
|
Total Current Liabilities
(4) |
3666.891 |
3222.413 |
3459.219 |
|
|
|
|
|
|
TOTAL |
4065.890 |
5024.222 |
5313.801 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
876.919 |
951.853 |
1395.560 |
|
(ii)
Intangible Assets |
0.000 |
2.117 |
5.483 |
|
(iii)
Capital work-in-progress |
0.000 |
1.309 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
25.748 |
281.218 |
281.218 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
29.827 |
40.428 |
35.201 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
932.494 |
1276.925 |
1717.462 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1488.637 |
1698.821 |
1599.506 |
|
(c)
Trade receivables |
1389.733 |
1820.411 |
1611.549 |
|
(d) Cash
and cash equivalents |
118.267 |
97.681 |
89.885 |
|
(e)
Short-term loans and advances |
127.538 |
122.359 |
291.481 |
|
(f)
Other current assets |
9.221 |
8.025 |
3.918 |
|
Total
Current Assets |
3133.396 |
3747.297 |
3596.339 |
|
|
|
|
|
|
TOTAL |
4065.890 |
5024.222 |
5313.801 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4026.722 |
4677.345 |
4634.530 |
|
|
|
Other Operating Income |
62.461 |
0.000 |
0.000 |
|
|
|
Other Income |
24.516 |
13.477 |
16.694 |
|
|
|
TOTAL |
4113.699 |
4690.822 |
4651.224 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3624.622 |
3794.357 |
3903.011 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
36.275 |
89.263 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.799 |
16.836 |
(25.749) |
|
|
|
Employees benefits expense |
132.931 |
149.592 |
138.536 |
|
|
|
Other expenses |
582.286 |
598.658 |
611.351 |
|
|
|
TOTAL |
4340.638 |
4595.718 |
4716.412 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(226.939) |
95.104 |
(65.188) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
359.249 |
444.737 |
393.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
(586.188) |
(349.633) |
(458.721) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
109.273 |
116.329 |
124.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX AND EXCEPTIONAL |
(695.461) |
(465.962) |
(583.061) |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
(339.128) |
420.085 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(1034.588) |
(45.877) |
(583.061) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.255) |
0.554 |
0.485 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1034.334 |
(46.431) |
(583.546) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
192.842 |
229.587 |
|
|
TOTAL EARNINGS |
NA |
192.842 |
229.587 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
897.661 |
929.972 |
|
|
|
Stores & Spares |
NA |
0.798 |
0.509 |
|
|
|
Capital Goods |
NA |
0.000 |
0.000 |
|
|
|
Others |
NA |
0.000 |
51.437 |
|
|
TOTAL IMPORTS |
NA |
898.459 |
981.918 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(8.26) |
(0.50) |
(6.31) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
(16.91) |
(0.99) |
(12.55) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(17.27) |
(0.98) |
(12.58) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.21) |
(0.97) |
(11.59) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.63 |
(0.28) |
(10.89) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2.68) |
18.04 |
62.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
1.16 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs In Millions) |
|
Share Capital |
186.053 |
326.966 |
326.966 |
|
Reserves & Surplus |
(132.529) |
(163.359) |
(1436.184) |
|
Net worth |
53.524 |
163.607 |
(1109.218) |
|
|
|
|
|
|
long-term borrowings |
1791.857 |
1625.684 |
1495.080 |
|
Short term borrowings |
1574.668 |
1325.462 |
1477.993 |
|
Total borrowings |
3366.525 |
2951.146 |
2973.073 |
|
Debt/Equity ratio |
62.897 |
18.038 |
(2.680) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4634.530 |
4677.345 |
4026.722 |
|
|
|
0.924 |
(13.910) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4634.530 |
4677.345 |
4026.722 |
|
Profit / (Loss) |
(583.061) |
(45.877) |
(1034.588) |
|
|
(12.58%) |
(0.98%) |
(25.69%0 |
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 |
No |
|
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 |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
LITIGATION
DETAILS:
IN THE COURT OF DELHI AT NEW DELHI
CO.PET. 509/2012
THE BANK OF NEW YORK MELON ..... Petitioner
Through: Mr.Manpreet Lamba, Advocate
versus
PARAMOUNT COMMUNICATIONS LTD ..... Respondent
Through: Mr.Ashish Makhija, Adv for OL.
Mr.Rajiv Bansal, Adv for Applicant
CORAM:
HON'BLE MR. JUSTICE SANJEEV SACHDEVA
O R D E R
22.07.2014
Co. Appl. No.1583/2014
Issue notice. Mr.Ashish Makhija, Advocate for the Official
Liquidator accepts notice.
Now issue notice to petitioner through counsel by ordinary process
and speed post, returnable on 11th November, 2014.
Let a copy of the application be supplied to the counsel for the
Official Liquidator during the course of the day.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10342026 |
07/12/2012 |
1,556,700,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, JAWAHAR VYAPAR BHAWAN, |
B67781070 |
|
2 |
10237483 |
10/03/2011 |
450,575,000.00 |
STATE BANK OF INDIA |
STATE BANK OF
INDIA, INDUSTRIAL FINANCE BRANCH,, |
B09347931 |
|
3 |
10165449 |
10/03/2011 |
200,000,000.00 |
STATE BANK OF INDIA |
STATE BANK OF INDIA,
INDUSTRIAL FINANCE BRANCH,, |
B09347261 |
|
4 |
10096851 |
08/07/2008 |
250,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL,, NARAIN MANZIL, BARAKHAMBA ROAD, NEW DELHI - 110001, DELHI, INDIA |
A42236695 |
|
5 |
10051628 |
10/03/2011 |
100,000,000.00 |
STATE BANK OF INDIA |
STATE BANK OF
INDIA, INDUSTRIAL FINANCE BRANCH,, |
B09658865 |
|
6 |
10027132 |
10/03/2011 |
265,100,000.00 |
STATE BANK OF INDIA |
STATE BANK OF
INDIA, INDUSTRIAL FINANCE BRANCH,, |
B09347584 |
|
7 |
10018550 |
10/06/2011 |
3,558,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG,, NEW DELHI - 110001, DELHI, INDIA |
B14827661 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Leasehold Buildings
·
Vehicles
·
Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.60.85 |
|
UK Pound |
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
15 |
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.