1. Summary Information
|
|
|
Country |
|
|
Company Name |
Rajratan Global Wire Limited |
Principal Name 1 |
Mr. Sunil Chordia |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. S.S Mehta |
|
|
|
Registration # |
10-004778 |
|
Street Address |
Rajratan House” 11/2, Dhenu Market, |
||
|
Established Date |
09.09.1988 |
SIC Code |
-- |
|
Telephone# |
91-731-2546401 / 3928171 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-731-2542534 |
Business Style 2 |
--- |
|
Homepage |
Product Name 1 |
Carbon Steel Wire |
|
|
# of employees |
350
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 43,518,000/- |
Product Name 3 |
-- |
|
Shareholders |
Shareholding of
Promoter and Promoter Group -62.28% Public
Shareholding - 37.72% |
Banking |
State Bank of |
|
Public Limited Corp. |
Yes |
Business Period |
26 Years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary |
Thailand |
Rajratan Thai Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2014 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
784,792,000 |
Current Liabilities |
430,838,000 |
|
Inventories |
148,532,000 |
Long-term Liabilities |
490,401,000 |
|
Fixed Assets |
428,873,000 |
Other Liabilities |
13,858,000 |
|
Deferred Assets |
000 |
Total Liabilities |
935,097,000 |
|
Invest& other Assets |
341,902,000 |
Retained Earnings |
725,484,000 |
|
|
|
Net Worth |
769,002,000 |
|
Total Assets |
1,704,099,000 |
Total Liab. & Equity |
1704,099,000 |
|
Total Assets (Previous Year) |
1,564,986,000 |
|
|
|
P/L Statement as of |
31.03.2014 |
(Unit: Indian Rs.) |
P/L Statement as of |
|
Total Revenue |
2,318,447,000 |
Net Profit |
72,383,000 |
|
Total Revenue (Previous yr) |
1,968,355,000 |
Net Profit(Prev.yr) |
68,010,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAJRATAN GLOBAL WIRE LIMITED |
|
|
|
|
Registered
Office : |
“Rajratan House” 11/2, Dhenu Market, Indore – 452003 Madhya Pradeseh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.09.1988 |
|
|
|
|
Com. Reg. No.: |
10-004778 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 43.518 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27106MP1988PLC004778 |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Carbon Steel Wire. |
|
|
|
|
No. of Employees: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered 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 – 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
NEWS
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 |
CARE |
|
Rating |
BB+ (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
March 10, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Saloni |
|
Designation : |
Assistant to Company Secretary |
|
Contact No.: |
91-731-2546401 |
|
Date : |
05.08.2014 |
LOCATIONS
|
Registered Office : |
“Rajratan House” 11/2, Dhenu Market, Indore – 452003 Madhya Pradesh,
India |
|
Tel. No.: |
91-731-2546401 / 3928171 |
|
Fax No.: |
91-731-2542534 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 200 –A and B, Sector I, Industrial Area, Pithampur, District
Dhar (Madhya Pradesh) India |
|
Tel. No.: |
91-7292-253375 / 252904 / 253429 |
|
Fax No.: |
91-7292-253357 |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. Sunil Chordia |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. S.S Mehta |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. P.D. Nagar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Abhishek Dalmia |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Chandrashekar Bobra |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Sangita Chordia |
|
Designation : |
Whole time Director |
|
Date of Appointment : |
05.05.2010 |
|
|
|
|
Name : |
Mr. Deepesh Trivedi |
|
Designation : |
C.O.O and Executive Director |
|
|
|
|
Name : |
Mr. Surendra Singh Maru |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sunil Chordia |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Ms. Jaya Gurnani |
|
Designation : |
Company Secretary |
|
Name : |
Mr. Chattarsingh |
|
Designation : |
Office Executive |
|
Name : |
Ms. Saloni |
|
Designation : |
Assistant to Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2014
|
Category
of Shareholder |
Total
No. of Shares |
Total
Shareholding as a % of Total No. of Shares |
|
|
|
|
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
1546190 |
35.53 |
|
|
1164301 |
26.75 |
|
|
2710491 |
62.28 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
2710491 |
62.28 |
|
|
|
|
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
1000 |
0.02 |
|
|
1000 |
0.02 |
|
|
|
|
|
|
1079284 |
24.80 |
|
|
|
|
|
|
366154 |
8.41 |
|
|
190405 |
4.38 |
|
|
4466 |
0.10 |
|
|
1538 |
0.04 |
|
|
822 |
0.02 |
|
|
1991 |
0.05 |
|
|
115 |
0.00 |
|
|
1640309 |
37.69 |
|
Total Public
shareholding (B) |
1641309 |
37.72 |
|
|
|
|
|
Total (A)+(B) |
4351800 |
100.00 |
|
|
|
|
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total (A)+(B)+(C) |
4351800 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal
share capital up to Rs. 0.100 Million
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Carbon Steel Wire. |
||||||
|
|
|
||||||
|
Products : |
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Sri Lanka ·
Italy ·
South Africa |
|
|
|
|
Imports : |
|
|
Products : |
Raw Martial |
|
Countries : |
·
Sri Lanka |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tyre bed Wire/Steel Wire |
MT |
NA |
30000 |
29227.642 |
GENERAL INFORMATION
|
Customer : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, Indore ·
IDBI Bank Limited, Old Palasia, Indore ·
ICICI Bank Limited, Singapore Branch, 9, Raffles
Place, Singapore ·
Bank Of Ayudhya Public Company Limited, 1222 Rama
IIT Road, Bang Phongphang, Yan Nawa, bankok-10120, Thailand ·
United Overseas Bank (Thai) Public Company
Limited, 191, South Sathon Road, Bangkok-10120 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE : LONG TERM
BORROWINGS The Outstanding of Long Term Borrowings are net of installment due
within next 12 months aggregating to Rs.51.950 Millions (Previous year Rs.70.138 Millions) which
are classified as current liabilities. SECURITY: Term loans outstanding Rs.94.589 Millions (Previous year Rs.73.881
Millions) are secured by way of an equitable mortgage of immovable properties ranking pari passu amongst the
lenders and by a first charge by way of hypothecation of all the company's
movable machinery, present and future,
subject to prior charges created in favour of Company's Bankers on the stock
of raw materials, goods in process,
finished and manufactured goods and Book Debts towards security for working
capital facilities. Term loans are also
secured by personal guarantee of the Managing Director. Terms of
Repayment of Long Term Borrowings
SHORT TERM
BORROWINGS Security: A. Loans repayable on demand from State Bank of India,
Indore and IDBI Bank Limited, Indore are Working Capital Loans and are
secured by hypothecation of company’s stock and book debts, present and
future and by a second charge on all the immovable properties of the company
and plant and machinery, machinery spares, tools and accessories and other
movables both present and future. Such advances are also secured by personal
guarantees of the Managing Director. |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Fadnis and Gupte Chartered Accountants |
|
Address : |
Indore, Madhya Pradesh, India |
|
|
|
|
Name : |
Mr. Phichat Phruksarojanakum Chartered Accountants |
|
Address : |
B1, Auditing Group Company Limited, Thailand, 55/113 Moo.9, Town Plus
Kaset-Nawamin, Klong Kum, Beung Kum, Bangkok-10240 |
|
|
|
|
Companies /Entitles
under the control of Key Management Personnel |
·
Rajratan Resources Private Limited ·
Rajratan Investment Limited ·
Cee Cee Engineering Industries Private Limited |
|
|
·
|
|
Subsidiary: |
·
Rajratan Thai Company Limited, Thailand ·
Swaraj Technocraft Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 43.518 Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4351800 |
Equity Shares |
Rs.10/- each |
Rs. 43.518
Millions |
Note:
|
Par Value Per Share |
Rs. 10 |
Reconciliation of Number of Shares
|
Shares outstanding as at 1st April 2012 /
1st April 2011 |
4351800 |
|
Shares outstanding at the end of the year |
4351800 |
The company has only one class of shares
having a par value of Rs.10/- per share. Each holder of equity share is entitled
to one vote per share. The company declares and pays dividend in Indian rupees.
The dividend proposed by the Board of Directors is subject to the approval by
the shareholders of the company in the ensuing Annual General Meeting. In the
event of liquidation of the company, the holders of equity shares will be
entitled to receive any of the 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. During the
year ended 31st March 2013, the amount of per share dividend recognized as
distributions to equity shareholders is Rs.1. per Share (Previous Year Rs.1.2
per Share). The total dividend appropriation for the year ended March 31, 2013
amounts to Rs.5.058 Million including Corporate Dividend Distribution Tax of
Rs.0.706 Million (Previous Year Rs.6.110 Million including Corporate
Dividend Distribution Tax Rs.0.888 Million).
|
List of shareholders holding more than 5% of the total number of
shares issued by the Company : |
As at 31st
March-2013 |
|
Name of the share holder |
No. of Shares |
|
Rajratan Investment Limited |
782881 |
|
Utkal Investment Limited |
625200 |
|
Rajratan Resources Private Limited |
381420 |
|
Mrs. Sangita Chordia |
558100 |
|
Mr. Sunil Chordia |
479390 |
|
Mr. Y
ashovardhan Chordia |
268000 |
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 |
43.518 |
43.518 |
43.518 |
|
(b) Reserves & Surplus |
725.484 |
658.192 |
595.240 |
|
(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) |
769.002 |
701.710 |
638.758 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
47.343 |
94.589 |
73.881 |
|
(b) Deferred tax liabilities
(Net) |
84.259 |
87.594 |
89.567 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
131.602 |
182.183 |
163.448 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
443.058 |
416.849 |
479.542 |
|
(b) Trade payables |
284.373 |
193.871 |
105.370 |
|
(c) Other current liabilities |
62.206 |
63.402 |
87.811 |
|
(d) Short-term provisions |
13.858 |
6.971 |
7.049 |
|
Total
Current Liabilities (4) |
803.495 |
681.093 |
679.772 |
|
|
|
|
|
|
TOTAL |
1,704.099 |
1,564.986 |
1,481.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
428.873 |
443.637 |
465.330 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.339 |
2.774 |
12.216 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
341.563 |
239.046 |
239.046 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.002 |
80.280 |
71.475 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
802.777 |
765.737 |
788.067 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
40.000 |
0.000 |
|
(b) Inventories |
148.532 |
111.445 |
131.059 |
|
(c) Trade receivables |
656.409 |
510.619 |
456.566 |
|
(d) Cash and cash equivalents |
9.574 |
62.154 |
25.642 |
|
(e) Short-term loans and
advances |
86.646 |
74.223 |
79.887 |
|
(f) Other current assets |
0.161 |
0.808 |
0.757 |
|
Total
Current Assets |
901.322 |
799.249 |
693.911 |
|
|
|
|
|
|
TOTAL |
1,704.099 |
1,564.986 |
1,481.978 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2318.447 |
1968.355 |
1825.514 |
|
|
|
Other Income |
12.751 |
10.941 |
7.040 |
|
|
|
TOTAL |
2331.198 |
1979.296 |
1832.554 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1242.506 |
1222.044 |
1186.181 |
|
|
|
Purchase of Stock-in-Trade |
404.948 |
123.499 |
75.328 |
|
|
|
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade |
(1.013) |
10.959 |
3.749 |
|
|
|
Employee benefit expenses |
99.272 |
91.612 |
84.619 |
|
|
|
Other expenses |
354.330 |
309.970 |
282.759 |
|
|
|
TOTAL |
2100.043 |
1758.084 |
1632.636 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
231.155 |
221.212 |
199.918 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
88.816 |
85.350 |
76.917 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
142.339 |
135.862 |
123.001 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
38.560 |
37.309 |
35.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
103.779 |
98.553 |
87.231 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
31.396 |
30.543 |
27.918 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX |
72.383 |
68.010 |
59.313 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
210.706 |
149.754 |
106.551 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
2.000 |
10.000 |
|
|
|
Dividend |
NA |
4.352 |
5.222 |
|
|
|
Tax on Dividend |
NA |
0.706 |
0.888 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
210.706 |
149.754 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
FOB Value of Export |
NA |
85.052 |
118.918 |
|
|
|
Interest received from Rajratan
Thai Wire Company Limited |
NA |
3.408 |
0.999 |
|
|
|
TOTAL |
NA |
88.460 |
119.917 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
159.234 |
0.110 |
|
|
|
Components Stores & Spares |
NA |
0.397 |
0.507 |
|
|
|
Capital Goods |
NA |
0.000 |
0.989 |
|
|
|
Trading Goods |
NA |
112.142 |
39.339 |
|
|
TOTAL IMPORTS |
NA |
271.773 |
40.945 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.63 |
15.63 |
13.63 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
The above information has been parted by Ms. Saloni.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
3.10 |
3.44 |
3.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.48 |
5.01 |
4.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
6.09 |
7.45 |
7.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.63 |
0.72 |
0.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.17 |
1.02 |
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 |
43.518 |
43.518 |
43.518 |
|
Reserves & Surplus |
595.240 |
658.192 |
725.484 |
|
Net
worth |
638.758 |
701.710 |
769.002 |
|
|
|
|
|
|
long-term borrowings |
73.881 |
94.589 |
47.343 |
|
Short term borrowings |
479.542 |
416.849 |
443.058 |
|
Total
borrowings |
553.423 |
511.438 |
490.401 |
|
Debt/Equity
ratio |
0.866 |
0.729 |
0.638 |
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) |
|
Revenue from operations |
1825.514 |
1968.355 |
2318.447 |
|
|
|
7.825 |
17.786 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
1825.514 |
1968.355 |
2318.447 |
|
Profit/(Loss) After Tax |
59.313 |
68.01 |
72.383 |
|
|
3.25% |
3.46% |
3.12% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10243835 |
11/03/2011 * |
45,000,000.00 |
IDBI BANK LTD. |
SPECIALISED
CORPORATE BRANCH, UPPER GROUND FLOOR, |
B09767625 |
|
2 |
10075655 |
29/07/2013 * |
720,100,000.00 |
STATE BANK OF
INDIA |
SPECIALIZED MID
CORPORATE BRANCH, KHANDELWAL CHAM |
B82855735 |
|
3 |
90204077 |
11/09/2008 * |
22,506,560.00 |
MADHYA PRADESH
STATE INDUSTRIAL DEVELOPMENT CORPOR |
AVN TOWER,
I,II,III FLOOR, PLOT NO. 192, ZONE I, |
A45807773 |
|
4 |
90205945 |
26/11/2013 * |
490,000,000.00 |
IDBI Bank
Limited |
SPECIALISED
CORPORATE BRANCH, UPPER GROUND FLOOR, |
B92289842 |
* Date of charge
modification
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
NA |
9.359 |
|
Other loans and advances |
NA |
5.386 |
|
|
|
|
|
Total |
NA |
14.745 |
FIXED ASSETS:
·
Free hold Land
·
Lease hold Land
·
Site Development
·
Factory Building and Shed
·
Plant and Machinery
· E.T.P and Machinery
· Electrical Installation
· Office Equipment
· Furniture and Fixtures
· Vehicles
· Computer Peripherals
· ERP Software
·
Capital Work in Progress
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.61.34 |
|
UK Pound |
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.