MIRA
INFORM REPORT
|
Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
SINGHAL ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.02.1997 |
|
|
|
|
Com. Reg. No.: |
21-082924 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.20.643 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52110WB1997PTC082924 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sponge Iron, Power Generation, MS Ingots. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 8010000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Management of the company failed to file its financials after F.Y.
2007. Mr. Sudhir Agrawal (CA) has provided complete information and
confirmed that the companies possess 2 units. 1)
Raigarh (Chhattisgarh) 2)
Jharsuguda (Odisha) Which are legally under the subject. But are managed separately since
2007-2008. And their have been no inter unit transactions since then. Further
there is a proposal filed to demerge this units into separate entity and the
matter is currently under judgement. Since due to such disputes the financial of the said year could not be
collaborated and filed by the management. Our executive tried and contacted the management who provided us with
the latest financials of Raigarh unit which we are considering on standalone
basis. There seems drastic dip in the profit of the company during 2013. However, no information could be made available about the second unit
which is located at Jharsuguda (Odisha) Trade relations are fair. Business is active as per the status shown in the registrar of
companies. Payment are reported to be unknown. In view of inadequate information, the subject can be considered for
business dealing with some caution. |
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating=BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry moderate
credit risk. |
|
Date |
04.04.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
04.04.2013 |
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. Sunil Agrawal |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9993569928 |
|
Date : |
24.02.2014 |
LOCATIONS
|
Registered Office : |
Century Towers, 3rd Floor, Room No.303, 45, Shakespeare
Sarani, Kolkata – 700 017, West Bengal, India |
|
Tel. No.: |
91-7767-2880662-66 |
|
Mobile No.: |
91-9993569928 (Mr. Sudhir Agrawal) |
|
Fax No.: |
91-7767-2880663 |
|
E-Mail : |
|
|
|
|
|
Administrative Office : |
201, 2nd Floor, Madan Complex, Shankar Nagar, Raipur – 492
007, Chhattisgarh, India |
|
|
|
|
Factory : |
Village Taraimal, P.O. Gerwani, District Raigarh – 496 001,
Chhattisgarh, India |
DIRECTORS
AS ON 21.09.2007
|
Name : |
Mr. Sanjay Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
45, Shakespeare Sarani, 303, century Tower, Kolkata – 700
017, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.06.2000 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00537476 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Sumitra Devi Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
16, Palm Avenue, Flat No.401, 402, Kolkata – 700 019, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00537294 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Samta Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
16, Palm Avenue, Flat No.401, 402, Kolkata – 700 019, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00537413 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
45, Shakespeare Sarani, 303, century Tower, Kolkata – 700
017, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.07.2001 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00537579 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Parmeshwar Das Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
45, Shakespeare Sarani, 303, century Tower, Kolkata – 700
017, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.02.1997 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00550633 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Rita Kamalia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
45, Shakespeare Sarani, 303, century Tower, Kolkata – 700
017, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00981062 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nitu Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
16, Palm Avenue, Flat No.401, 402, Kolkata – 700 019, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02239250 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sunil Agrawal |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS
AS ON 21.09.2007
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Parmeshwar Agarwal |
|
280100 |
|
Radha Kishan Agarwal |
|
60100 |
|
Parmeshwar Das Agarwal (HUF) |
|
30000 |
|
Radha Kishan Agarwal (HUF) |
|
115000 |
|
Ajay Agarwal (HUF) |
|
78500 |
|
Sanjay Agarwal (HUF) |
|
100000 |
|
Nitu Agarwal |
|
141000 |
|
Hemant Agarwal |
|
40000 |
|
Samata Agarwal |
|
198000 |
|
Sanjay Agarwal |
|
250000 |
|
Ajay Agarwal |
|
272000 |
|
Sumitra Agarwal |
|
14000 |
|
Sukanya Trading and Finance Private Limited, India |
|
485100 |
Equity Share Break up (Percentage of Total Equity)
AS ON 21.09.2007
|
Category |
Percentage |
|
Bodies corporate |
10.00 |
|
Directors or relatives of Directors |
90.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge Iron, Power Generation, MS Ingots. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (Depend) |
|
|
|
|
Purchasing : |
Credit (Depend) |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
·
State Bank of India, Commercial Branch, Kolkata,
West Bengal, India ·
HDFC Bank Limited, Raipur Branch, Chhattisgarh, India |
|
|
|
|
Facilities : |
Cash Credit Rs.350.000 Millions / L/C Rs.50.000 Millions (From State
Bank of India) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D K Chhajer and Company Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
|
|
|
Sister Concern : |
Singhal Group |
|
|
|
|
Associate Companies : |
·
Singhal Carriers Private Limited ·
B. S. Sponge Private Limited ·
B. S. Agarwal ·
Singhal Enterprises |
CAPITAL STRUCTURE
AS ON 21.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2064300 |
Equity Shares |
Rs.10/- each |
Rs.20.643 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 |
20.643 |
20.643 |
20.643 |
|
(b) Reserves & Surplus |
1983.221 |
1873.867 |
1680.049 |
|
(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) |
2003.864 |
1894.510 |
1700.692 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.233 |
3.098 |
0.275 |
|
(b) Deferred tax liabilities (Net) |
68.836 |
11.549 |
84.288 |
|
(c) Other long term liabilities |
10.935 |
10.935 |
10.935 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
83.004 |
25.582 |
95.498 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
592.019 |
742.797 |
632.868 |
|
(b) Trade payables |
67.894 |
67.420 |
149.551 |
|
(c) Other current
liabilities |
19.723 |
58.788 |
186.945 |
|
(d) Short-term provisions |
105.041 |
83.699 |
58.000 |
|
Total Current Liabilities (4) |
784.677 |
952.704 |
1027.364 |
|
|
|
|
|
|
TOTAL |
2871.545 |
2872.796 |
2823.554 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
722.648 |
812.201 |
909.707 |
|
(ii) Intangible Assets |
0.069 |
0.115 |
0.192 |
|
(iii) Capital
work-in-progress |
374.857 |
368.544 |
343.296 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.123 |
8.983 |
8.514 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
83.687 |
89.495 |
92.124 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
11.701 |
|
Total Non-Current Assets |
1190.384 |
1279.338 |
1365.534 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
318.638 |
194.532 |
225.597 |
|
(c) Trade receivables |
247.270 |
294.147 |
253.556 |
|
(d) Cash and cash
equivalents |
293.256 |
316.660 |
309.089 |
|
(e) Short-term loans and
advances |
131.313 |
258.229 |
210.881 |
|
(f) Other current assets |
690.684 |
529.890 |
458.897 |
|
Total Current Assets |
1681.161 |
1593.458 |
1458.020 |
|
|
|
|
|
|
TOTAL |
2871.545 |
2872.796 |
2823.554 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
3740.928 |
3789.055 |
2823.213 |
|
|
Other Income |
24.302 |
7.460 |
19.114 |
|
|
TOTAL
(A) |
3765.230 |
3796.515 |
2842.327 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3176.917 |
3173.505 |
2191.130 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13.375) |
(7.333) |
(1.145) |
|
|
Employees benefits expense |
52.775 |
47.414 |
46.980 |
|
|
Other expenses |
302.107 |
293.591 |
292.857 |
|
|
TOTAL
(B) |
3518.424 |
3507.177 |
2529.822 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
246.806 |
289.338 |
312.505 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
51.549 |
67.629 |
67.816 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
195.257 |
221.709 |
244.689 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
95.109 |
107.877 |
119.570 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
100.148 |
113.832 |
125.119 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(9.205) |
(79.987) |
(7.339) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
109.353 |
193.819 |
132.458 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
52.97 |
93.89 |
57.06 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.90 |
5.11 |
4.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.68 |
3.00 |
4.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.03 |
4.56 |
5.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.39 |
0.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.14 |
1.67 |
1.42 |
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 |
20.643 |
20.643 |
20.643 |
|
Reserves & Surplus |
1680.049 |
1873.867 |
1983.221 |
|
Net
worth |
1700.692 |
1894.510 |
2003.864 |
|
|
|
|
|
|
long-term borrowings |
0.275 |
3.098 |
3.233 |
|
Short term borrowings |
632.868 |
742.979 |
592.019 |
|
Total
borrowings |
633.143 |
746.077 |
595.252 |
|
Debt/Equity
ratio |
0.372 |
0.394 |
0.297 |
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 |
2823.213 |
3789.055 |
3740.928 |
|
|
|
34.211 |
(1.270) |
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
|
2,823.213 |
3,789.055 |
3,740.928 |
|
Profit |
132.458 |
193.819 |
109.353 |
|
|
4.69% |
5.12% |
2.92% |
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 |
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 |
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 |
LITIGATION
DETAILS:
|
CULCUTTA HIGH COURT CASE STATUS INFORMATION SYSTEM Case Status : - Status of
COMPANY PETITIONS (CP) 384 OF 2007 IN THE MATTER OF
SINGHAL ENTERPRISES PVT
Vs. -AND- SINGHAL
ENTERPRISES (JHARSUGUDA) P Pet’s Adv. : KHAITAN AND COMPANY Res’s Adv. : Court No. : 16 Last Listed On : Monday, January 17, 2011 Category : NO CATEGORY MENTIONED
Case Updated on: Monday, January 17, 2011 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10286353 |
20/04/2011 |
2,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B12766366 |
|
2 |
10290785 |
20/04/2011 |
2,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
B14482988 |
|
3 |
10246044 |
22/09/2010 |
1,190,000.00 |
TATA
CAPITAL LIMITED |
ONE FORBES,
DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A97137061 |
|
4 |
10161604 |
27/04/2009 |
1,600,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
A62343561 |
|
5 |
10161680 |
20/04/2009 |
1,500,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013,
INDIA |
A62636006 |
|
6 |
10020086 |
20/06/2008
* |
930,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A43221159 |
|
7 |
80012659 |
19/05/2009
* |
930,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A62596408 |
|
8 |
80012656 |
11/03/2008
* |
930,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A35406123 |
|
9 |
90248934 |
28/09/2005 |
150,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, 24; PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
- |
|
10 |
90247543 |
20/05/2005 |
2,080,000.00 |
HDFC
BANK HOUSE |
SANAPATI
BAPAT MARG, LOWER PAREL, MUMBAI, MAHARASHTRA - 400013, INDIA |
- |
|
11 |
90247519 |
28/03/2005 |
1,485,000.00 |
KOTAK
MAHINDRA BANK LTD |
15;
RAM JHEEL; APAJAM HOME, C-BLOCK, KOLKATA, WEST BENGAL - 700016, INDIA |
- |
|
12 |
90248616 |
19/01/2005
* |
165,000,000.00 |
UNITED
BANK OF INDIA |
OLD
COURT HOUSE, STREET BRANCH, KOLKATA, WEST BENGAL - 700001, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land and land development
·
Building
·
Plant and machinery
·
Factory shed
·
Electric installation
·
Motor car and scooter
·
Furniture and fixtures
·
Office eqiupments
·
Computers
·
Pay loader
·
Weigh bridge
·
Pollution control
equipment
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.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
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 |
|
28 |
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.