MIRA
INFORM REPORT
|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
FABTECH PROJECTS AND ENGINEERS LIMITED |
|
|
|
|
Formerly Known
As : |
FABTECH PROJECTS AND ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J – 504, MIDC, Bhosari, Pune – 411026, |
|
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.06.2002 |
|
|
|
|
Com. Reg. No.: |
25-017050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 681.932 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2002PLC017050 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEF00839G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF7903Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Mounded
Bullets projects, Pressure Vessels, Heat
Exchangers, Storage Vessels,
Sphere and Mobile Tankers etc |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 8100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company id fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual 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.
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. Pravin Jangid |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-27474134 |
|
Date : |
16.08.2014 |
LOCATIONS
|
Registered Office/ Factory : |
J – 504, MIDC, Bhosari, Pune – 411026, Maharashtra, India |
|
Tel. No.: |
91-20-27474134/ 27474235/ 66113326 / 30614500 |
|
Fax No.: |
91-20-66113327/ 30614509/ 27458479 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 1, 3 and 4, Gat No. 272/273, Nanekarwadi, Chakan, District
Pune - 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-395482 / 563052/ 665901 to 25 |
|
Fax No.: |
91-2135-253833/ 286160 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Bira Anand Rupnar |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Plot No. 80, SNI 118 to 124, National Society, Anudh, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1960 |
|
Qualification : |
B.E (Mech) |
|
Date of Appointment : |
11.06.2002 |
|
PAN No.: |
AAOPR0807J |
|
DIN No.: |
01637615 |
|
|
|
|
Name : |
Mr. Parameswaran Hariharan Nurani |
|
Designation : |
Whole-time director |
|
Address : |
OM Eashwari Society, Building Bo 1, Flat No. 208, mahant Road, Vile
Parle, Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1946 |
|
Qualification : |
B.E. ( Mechanical) |
|
Date of Appointment : |
01.03.2006 |
|
PAN No.: |
AAAPH6255J |
|
DIN No.: |
01727306 |
|
|
|
|
Name : |
Mr. Rajabahu Ananda Rupnar |
|
Designation : |
Director |
|
Address : |
Prem Geet, Sector No-149/2, Flat No. 21, Ajmera Complex, Pimpri, Pune
– 411018, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1966 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
11.06.2002 |
|
PAN No.: |
AAQPR3012H |
|
DIN No.: |
01727729 |
|
|
|
|
Name : |
Mr. Eshanya Biharilal Gupta |
|
Designation : |
Director |
|
Address : |
Sector No. 1 and 7, WIGH P-5, Flat No. 802, Empire Estate, Pimpri,
Pune – 411018, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1976 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
01.03.2006 |
|
PAN No.: |
AHDPG6294Q |
|
DIN No.: |
01727743 |
|
|
|
|
Name : |
Mrs. Neelavarna Bira Rupnar |
|
Designation : |
Director |
|
Address : |
Plot No. 80, SNI 118 to 124, National Society, Anudh, Pune – 411007, Maharashtra,
India |
|
Date of Birth/Age : |
29.03.1967 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
11.06.2002 |
|
PAN No.: |
ABZPR4759B |
|
DIN No.: |
01881679 |
|
|
|
|
Name : |
Mrs. Manisha Sharad Chimbalkar |
|
Designation : |
Director |
|
Address : |
B1/502, Swapnanagri, Pimpri, Pune – 411018, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1976 |
|
Qualification : |
B.E. ( Chemical) |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
ADBPC8684J |
|
DIN No.: |
01881691 |
|
|
|
|
Name : |
Mr. Bhausaheb Anandrao Rupanar |
|
Designation : |
Director |
|
Address : |
Plot No. 42, Pardeshi Nagar, Pandharpur – 413304, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1957 |
|
Qualification : |
B. Sc (Agriculture) |
|
Date of Appointment : |
01.01.2008 |
|
PAN No.: |
AAVPR8855M |
|
DIN No.: |
02370193 |
|
|
|
|
Name : |
Mr. Dayanand Pundlik Thorat |
|
Designation : |
Director Technical |
|
Address : |
Jai Ganesh Samrajya, Panjarpol, Wing F 13, R. No. 204, Bhosari, Pune –
411087, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1977 |
|
Qualification : |
B.E. (Mechanical) |
|
Date of Appointment : |
02.05.2009 |
|
DIN No.: |
02647227 |
|
|
|
|
Name : |
Mr. Sampat Shivaji Gawade |
|
Designation : |
Director |
|
Address : |
N/04, First Floor, Vishal Garden, Shikrapur Road, Chakan Khed, Pune –
412301, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1970 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
ABLPG7450N |
|
DIN No.: |
02671275 |
|
|
|
|
Name : |
Mr. Raman Krishnan |
|
Designation : |
Director |
|
Address : |
Unit No.15, 2nd Floor, Stele Park, Plot No. 283/284, Sector
21, Nerul, Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1948 |
|
Qualification : |
DME |
|
Date of Appointment : |
01.10.2009 |
|
PAN No.: |
AFZPK7151A |
|
DIN No.: |
03275988 |
|
|
|
|
Name : |
Mr. Venkatabala Nagendra Behera |
|
Designation : |
Director |
|
Address : |
C-704, Naren Hills Azad Nagar, Behind Clover Heights, Wanawadi, Pune-411040,
Maharashtra, India |
|
Date of Birth/Age : |
12.12.1958 |
|
Date of Appointment : |
27.08.2012 |
|
DIN No.: |
06377015 |
|
|
|
|
Name : |
Mr. Ujiyare Lal Dohare |
|
Designation : |
Director |
|
Address : |
C-704, Naren Hills Azad Nagar, Behind Clover Heights, Wanawadi,
Pune-411040, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1958 |
|
Date of Appointment : |
27.08.2012 |
|
DIN No.: |
06377015 |
KEY EXECUTIVES
|
Name : |
Mr. Pravin Jangid |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Bira Ananda Rupnar |
25342050 |
|
Rajabhau Ananda Rupnar |
10509520 |
|
Neelavarna Bira Rupnar |
24025063 |
|
Bhausaheb Ananda Rupnar |
3364635 |
|
Parameshwaran Naurani Hariharan |
62005 |
|
Manisha Sharad Chimbalkar |
62005 |
|
Eshanya Gupta |
62005 |
|
Dayanand P. Thorat |
62005 |
|
R. Krishnan |
62005 |
|
Sampat Shivaji Gawde |
62005 |
|
Steel Vision India Private Limited, India |
4580000 |
|
|
|
|
TOTAL
|
68193298 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
6.72 |
|
Directors or relatives of directors |
|
93.28 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mounded
Bullets projects, Pressure Vessels, Heat
Exchangers, Storage Vessels,
Sphere and Mobile Tankers etc |
||||||
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Products : |
|
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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||||||
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Selling : |
Cash Credit |
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|
||||||
|
Purchasing : |
Cash Credit |
PRODUCTION STATUS (As On 31.03.2011)
TEXTILE DIVISION
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Textile Division |
4380 Tons |
3225 Tons |
ENGINEERING DIVISION
|
Particulars |
Unit |
Actual
Production |
|
Storage tanks and pressure vessels |
Nos. |
163 |
|
Project execution of large tanks / vessels |
Nos. |
--- |
TEXTILE DIVISION
|
Particulars |
Unit |
Actual
Production |
|
Yarns |
Kgs |
3211091 |
|
Wastage |
Kgs |
612725 |
GENERAL INFORMATION
|
Customers : |
·
Indian Oil Corporation Limited ·
HPCL - Mittal Energy Limited ·
Hindustan Petroleum Corporation Limited ·
Bharat Petroleum Corporation Limited ·
Oil India Limited ·
ONGC ·
Ge Oil and Gas ·
Cairn Energy System ·
Uhde ·
Kazstroy ·
Metito ·
Lind Engineering Private Limited ·
Dresser Rand Private Limited ·
Naftogaz ·
Praxair India Limited ·
Essar ·
Mangalore Refineries and Petrochemicals
Corporation Limited ·
L and T Limited ·
Crompton Greaves Limited ·
Kochi Refineries Limited ·
Bharat Shell Limited ·
Thermax Limited ·
Ion Exchange (India) Limited ·
Aquatech Systems (Asis) Private Limited ·
V A Tech Wabag Limited ·
Praj Industries Limited ·
Va Tech Hydro Flovess Limited ·
Barc / Dae ·
Globe Gas Equipments Industry Private Limited ·
Super Gas ·
Elf Gas ·
Indian Navy ·
Alkyl Amines and Chemicals Limited ·
Hindustan Polyamides and Fibers Limited ·
Galaxy Chemicals Limited ·
Ador Technologies Limited |
|||||||||||||||||||||||||||||||||
|
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|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
2000 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
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|
Bankers : |
· Bank of Maharashtra, Pimpri Branch, Pimpri, Pune - 411018, Maharashtra, India · The Saraswat Co-Operative Bank Limited, Akurdi Branch, Pune, Pune - 411018, Maharashtra, India · Axis Bank Limited, Sterling Apartments Ground Floor, J. M. Road, Deccan Gymkhana, Pune - 411004, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. M. Rajapurkar and Company Chartered Accountants |
|
Address : |
1 – Regent Avenue, Sambhaji Chowk, Pradhikaran, Nigdi, Pune – 411044, |
|
PAN No.: |
AAIFR3873N |
|
|
|
|
Subsidiary company:
|
Fabtech Projects Engineers Pte Singapore |
|
|
|
|
Associates: |
·
Fabtech Infra Private Limited CIN No.:- U45200PN2011PTC138575 ·
Fabtech Sugar Private Limited CIN No.:- U15424PN2010PTC137545 ·
Lokmanya Sakhar Udyog Limited CIN No.:- U15430PN2011PLC138601 ·
Fabtech Developers ·
Sparkon Engineers ·
Sparkon Equipments ·
Thermion Engineers |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68193298 |
Equity Shares |
Rs.10/- each |
Rs. 681.932
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 |
681.932 |
636.432 |
596.759 |
|
(b) Reserves & Surplus |
1281.046 |
1126.607 |
425.675 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
67.800 |
1.418 |
0.127 |
|
Total
Shareholders’ Funds (1) + (2) |
2030.778 |
1764.457 |
1022.561 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1105.550 |
1235.335 |
462.618 |
|
(b) Deferred tax liabilities
(Net) |
106.454 |
38.667 |
37.168 |
|
(c) Other long term
liabilities |
1620.913 |
585.700 |
145.072 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2832.917 |
1859.702 |
644.858 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1098.563 |
933.335 |
745.561 |
|
(b) Trade payables |
2672.593 |
1802.553 |
1272.151 |
|
(c) Other current liabilities |
618.934 |
621.155 |
519.110 |
|
(d) Short-term provisions |
30.158 |
22.687 |
31.801 |
|
Total
Current Liabilities (4) |
4420.248 |
3379.730 |
2568.623 |
|
|
|
|
|
|
TOTAL |
9283.943 |
7003.889 |
4236.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2872.518 |
1791.137 |
863.750 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
230.791 |
624.991 |
79.413 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
12.534 |
|
(b) Non-current Investments |
6.408 |
11.083 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
352.102 |
|
(d) Long-term Loan and Advances |
402.902 |
241.818 |
7.260 |
|
(e) Other Non-current assets |
3.650 |
5.455 |
1315.059 |
|
Total
Non-Current Assets |
3516.269 |
2674.484 |
|
|
|
|
|
|
|
(2) Current assets |
|
|
300.728 |
|
(a) Current investments |
92.798 |
126.626 |
157.859 |
|
(b) Inventories |
2396.030 |
801.453 |
786.439 |
|
(c) Trade receivables |
1963.267 |
1737.935 |
1376.528 |
|
(d) Cash and cash equivalents |
945.288 |
1075.507 |
137.623 |
|
(e) Short-term loans and
advances |
187.500 |
281.923 |
161.806 |
|
(f) Other current assets |
182.791 |
305.961 |
2920.983 |
|
Total
Current Assets |
5767.674 |
4329.405 |
|
|
|
|
|
4236.042 |
|
TOTAL |
9283.943 |
7003.889 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
5542.895 |
4523.913 |
3806.827 |
|
|
Other Income |
49.371 |
127.142 |
86.117 |
|
|
TOTAL
(A) |
5592.266 |
4651.055 |
3892.944 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2736.847 |
2476.320 |
2078.485 |
|
|
Employees benefits expense |
451.481 |
327.740 |
182.206 |
|
|
Other expenses |
1585.719 |
1218.149 |
1105.546 |
|
|
TOTAL
(B) |
4774.047 |
4022.209 |
3366.237 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST TAX
DEPRECIATION AND AMORTISATION (C) |
818.219 |
628.846 |
526.707 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
340.204 |
133.894 |
92.968 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX DEPRECIATION AND AMORTISATION (C-D) (E) |
478.015 |
494.952 |
433.739 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
195.626 |
124.521 |
93.708 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
282.389 |
370.431 |
340.031 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
107.166 |
149.830 |
122.596 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
175.223 |
220.601 |
217.435 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchases of raw material |
0.000 |
920.059 |
134.886 |
|
|
Capital Goods (Textile) |
0.000 |
255.545 |
88.901 |
|
|
TOTAL
IMPORTS |
0.000 |
1175.604 |
223.787 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.00 |
3.69 |
14.9 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.13 |
4.74 |
5.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.09 |
8.19 |
8.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.12 |
5.82 |
8.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.21 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.09 |
1.22 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.28 |
1.14 |
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 |
596.759 |
636.432 |
681.932 |
|
Reserves & Surplus |
425.675 |
1126.607 |
1281.046 |
|
Share Application money pending
allotment |
0.127 |
1.418 |
67.800 |
|
Net
worth |
1022.561 |
1764.457 |
2030.778 |
|
|
|
|
|
|
long-term borrowings |
462.618 |
1235.335 |
1105.550 |
|
Short term borrowings |
745.561 |
933.335 |
1098.563 |
|
Total
borrowings |
1208.179 |
2168.670 |
2204.113 |
|
Debt/Equity
ratio |
1.182 |
1.229 |
1.085 |
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 |
3806.827 |
4523.913 |
5542.895 |
|
|
|
18.837 |
22.524 |
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 |
3,806.827 |
4,523.913 |
5,542.895 |
|
Profit |
217.435 |
220.601 |
175.223 |
|
|
5.71% |
4.88% |
3.16% |
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% |
-- |
|
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 |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Other loans and advances |
2.500 |
2.500 |
|
Loans repayable on demand |
0.000 |
552.517 |
|
Loans and advances from others |
0.000 |
36.327 |
|
|
|
|
|
Short term borrowings
|
|
|
|
Loans repayable on demand |
0.000 |
25.374 |
|
|
|
|
|
Total |
2.500 |
616.718 |
OPERATIONS:
During the year ended on 31st March, 2013 Revenue from Operations and Other Income amounted to Rs. 5691.600 Millions as against Rs. 4650.800 Millions in the previous financial year. Company has made net profit of Rs 175.200 Millions as against a net profit of Rs 220.600 Millions in the previous financial year. Company is taking necessary steps to increase its profitability by imposing strict control over overheads.
FUTURE PLANS:
Company is taking necessary steps to collaborate with other parties to increase operations and earn sufficient margins on its operations and to control overheads.
INDEX OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation /Modification |
Charge
amount secured |
Charge Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10428489
|
17/05/2013
|
2,110,000,000.00
|
STATE BANK OF INDIA INDUSTRIAL
FINANCE BRANCH |
2ND FLOOR, 'TARA CHAMBERS'
NEAR MARIAAI POLICE, CHOWKY, OLD PUNE MUMBAI HIGHWAY, WAKDEWADI, PUNE, |
B76007517
|
|
2 |
10420019
|
23/03/2013
|
800,000,000.00
|
ALLAHABAD BANK |
FORT BRANCH - ALLAHABAD BANK
BUILDING, GROUND FLOOR, 37, SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA- 400023,
INDIA |
B73278038
|
|
3 |
10211206
|
20/03/2010
|
450,000,000.00
|
BANK OF MAHARASHTRA |
PIMPRI BRANCH, PIMPRI, PUNE, MAHARASHTRA
- 411018 |
A83036319
|
|
4 |
10228444
|
25/01/2010
|
450,000,000.00
|
BANK OF MAHARASHTRA |
PIMPRI BRANCH, PIMPRI, PUNE,
MAHARASHTRA - 411018, INDIA |
A83034926
|
|
5 |
10084612
|
03/05/2013
* |
9,951,000,000.00
|
BANK OF MAHARASHTRA |
PIMPRI BRANCH, PIMPRI, PUNE,
MAHARASHTRA - 411018, INDIA |
B74695610
|
|
* Date of charge modification |
||||||
FIXED ASSETS
·
Land
·
Office Building
·
Factory Building
·
Furniture and Fixture
·
Vehicles
·
Plant and Machinery
·
Electrical Installations
·
Office Equipment
·
Computers and Peripherals
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.72 |
|
|
1 |
Rs. 101.48 |
|
Euro |
1 |
Rs. 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.