|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAAJRATNA METAL INDUSTRIES LIMITED (w.e.f.25.10.1994) |
|
|
|
|
Formerly Known
As : |
RAAJRATNA CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
909, Sakar III, Near Income Tax Circle, Navrangpura, Ahmedabad -
380014, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.05.1988 |
|
|
|
|
Com. Reg. No.: |
04-010673 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 83.622 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1988PLC010673 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR9980M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Stainless Steel Wires and Bright Bars |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Overall financial position of the company appears to be decent. Trade
relation reported to be fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered for business dealing 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million worth
of mobile-phone-based transactions by July 2013 compared to Rs.260 million in
September, 2012, according to Deloitte report. The number of transactions has
shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long Term Rating) |
|
Rating Explanation |
Moderate credit quality and average credit risk. |
|
Date |
12.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short Term Rating) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
12.12.2013 |
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.
LOCATIONS
|
Registered / Corporate Office/ Factory 1 : |
909, Sakar III, Near Income Tax Circle, Navrangpura, Ahmedabad -
380014, Gujarat, India |
|
Tel. No.: |
91-79-27543681/ 82/ 83/ 84 |
|
Fax No.: |
91-79-27543085/ 26568085 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
40000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Bileshwarpura, Ahmedabad - Mehsana Highway, Taluka Kalol, District Gandhinagar, Gujarat, India |
|
Tel. No.: |
91-27642-33664/ 5 |
|
Fax No.: |
91-27642-33663 |
|
Location : |
Owned |
|
|
|
|
Mumbai Office : |
126, Mittal Court, A Wing, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22829342/ 44/ 45/ 46 |
|
Fax No.: |
91-22-22829343 |
|
E-Mail : |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Arvindkumar Dalichand Sanghvi |
|
Designation : |
Managing Director |
|
Address : |
15, Shanti Niketan Society, Opposite Gujarat College Road, Ellis Bridge, Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
01.01.1956 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AACPS9853K |
|
DIN No.: |
00435340 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L27100GJ1990PLC014383
|
REAL STRIPS
LIMITED |
Managing
director |
01/04/2009 |
22/11/1990 |
- |
Active |
NO |
|
2 |
U29308GJ1991PTC016444
|
RAAJRATNA
ELECTRODES PRIVATE LIMITED |
Managing
director |
18/10/1991 |
18/10/1991 |
- |
Active |
NO |
|
3 |
L17110GJ1988PLC010504
|
AARVEE DENIMS
AND EXPORTS LIMITED |
Director |
03/02/1996 |
03/02/1996 |
- |
Active |
NO |
|
4 |
U31300GJ2001PTC040056
|
RAINOX WIRES
PRIVATE LIMITED |
Director |
27/09/2001 |
27/09/2001 |
- |
Amalgamated |
NO |
|
5 |
U65990GJ1992PTC018491
|
RAAJRATNA
STOCKHOLDING PRIVATE LIMITED |
Director |
15/11/2002 |
15/11/2002 |
- |
Active |
NO |
|
6 |
U27209GJ2004PLC044288
|
RAAJRATNA
VENTURES LIMITED |
Director |
10/06/2004 |
10/06/2004 |
- |
Active |
NO |
|
7 |
U24231GJ1988PLC010673
|
RAAJRATNA METAL
INDUSTRIES LTD |
Managing
director |
01/04/2012 |
27/09/2004 |
- |
Active |
NO |
|
8 |
U51102GJ2006PTC047612
|
RAAJRATNA
STAINLESS PRIVATE LIMITED |
Director |
27/01/2006 |
27/01/2006 |
- |
Active |
NO |
|
9 |
U24100GJ2010PTC060200
|
UNICAL CHEMICALS
INDIA PRIVATE LIMITED |
Director |
08/04/2010 |
08/04/2010 |
14/06/2010 |
Active |
NO |
|
10 |
U40106GJ2010PTC061338
|
EMERAL ENERGY
SOLUTIONS PRIVATE LIMITED |
Director |
29/06/2010 |
29/06/2010 |
27/12/2011 |
Active |
NO |
|
11 |
U40106GJ2010PTC061359
|
RAAJRATNA RENEWABLE
ENERGY PRIVATE LIMITED |
Director |
29/06/2010 |
29/06/2010 |
- |
Active |
NO |
|
Name : |
Mr. Babulal Dalichand Sanghvi |
|
Designation : |
Managing Director |
|
Address : |
Sanghvi Mansion, 17 Lakdawala Building, 5th Khtwadi Lane, Mumbai - 400004, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1951 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AACPS4439D |
|
DIN No.: |
00601159 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29308GJ1991PTC016444
|
RAAJRATNA
ELECTRODES PRIVATE LIMITED |
Director |
18/10/1991 |
18/10/1991 |
Active |
NO |
|
2 |
U31300GJ2001PTC040056
|
RAINOX WIRES
PRIVATE LIMITED |
Director |
27/09/2001 |
27/09/2001 |
Amalgamated |
NO |
|
3 |
U27209GJ2004PLC044288
|
RAAJRATNA
VENTURES LIMITED |
Director |
10/06/2004 |
10/06/2004 |
Active |
NO |
|
4 |
U65990GJ1992PTC018491
|
RAAJRATNA
STOCKHOLDING PRIVATE LIMITED |
Director |
21/06/2005 |
21/06/2005 |
Active |
NO |
|
5 |
U24231GJ1988PLC010673
|
RAAJRATNA METAL
INDUSTRIES LIMITED |
Managing
director |
01/04/2012 |
27/09/2005 |
Active |
NO |
|
6 |
U51102GJ2006PTC047612
|
RAAJRATNA
STAINLESS PRIVATE LIMITED |
Director |
27/01/2006 |
27/01/2006 |
Active |
NO |
|
7 |
U40104AP2001PTC045088
|
VS LIGNITE POWER
PRIVATE LIMITED |
Director |
30/09/2008 |
17/09/2007 |
Active |
NO |
|
8 |
U13200MH2011PTC216947
|
RAJGURU MINERALS
PRIVATE LIMITED |
Director |
02/05/2011 |
02/05/2011 |
Active |
NO |
|
Name : |
Mr. Tarachand Dalichand Sanghvi |
|
Designation : |
Whole-time Director |
|
Address : |
43, Highway Park Society, Rambaug Road, Sabarmati, Ahmedabad – 380005, Gujarat, India |
|
Date of Birth/Age : |
18.07.1947 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
ACIPS6387C |
|
DIN No.: |
00601195 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29308GJ1991PTC016444
|
RAAJRATNA
ELECTRODES PRIVATE LIMITED |
Director |
18/10/1991 |
18/10/1991 |
Active |
NO |
|
2 |
U27209GJ2004PLC044288
|
RAAJRATNA
VENTURES LIMITED |
Director |
17/01/2005 |
17/01/2005 |
Active |
NO |
|
3 |
U24231GJ1988PLC010673
|
RAAJRATNA METAL
INDUSTRIES LIMITED |
Whole-time
director |
01/04/2012 |
27/09/2005 |
Active |
NO |
|
4 |
U51102GJ2006PTC047612
|
RAAJRATNA
STAINLESS PRIVATE LIMITED |
Director |
27/01/2006 |
27/01/2006 |
Active |
NO |
|
5 |
U45201GJ2010PTC060706
|
RAAJRATNA NIRMAN
PRIVATE LIMITED |
Director |
13/05/2010 |
13/05/2010 |
Active |
NO |
|
Name : |
Mr. Naresh Babulal Sanghvi |
|
Designation : |
Whole-time Director |
|
Address : |
15, Shantiniketan Society, Near Gujarat College Road, Ellis Bridge, Ahmedabad – 380006, Gujarat, India |
|
Date of Birth/Age : |
13.06.1973 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AACPS4438C |
|
DIN No.: |
00601322 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72900GJ2000PTC037745
|
CONCEPT INFOWAY
PRIVATE LIMITED |
Director |
07/04/2000 |
07/04/2000 |
- |
Active |
NO |
|
2 |
U24231GJ1988PLC010673
|
RAAJRATNA METAL
INDUSTRIES LIMITED |
Whole-time
director |
01/04/2012 |
20/10/2001 |
- |
Active |
NO |
|
3 |
U65990GJ1992PTC018491
|
RAAJRATNA
STOCKHOLDING PRIVATE LIMITED |
Director |
15/11/2002 |
15/11/2002 |
- |
Active |
NO |
|
4 |
U31300GJ2001PTC040056
|
RAINOX WIRES
PRIVATE LIMITED |
Director |
25/08/2003 |
25/08/2003 |
- |
Amalgamated |
NO |
|
5 |
U27209GJ2004PLC044288
|
RAAJRATNA
VENTURES LIMITED |
Managing
director |
01/06/2011 |
01/04/2005 |
- |
Active |
NO |
|
6 |
U40100AP2004PTC076551
|
RAAJRATNA ENERGY
HOLDINGS PRIVATE LIMITED |
Director |
30/09/2008 |
20/03/2008 |
- |
Active |
NO |
|
7 |
U40106GJ2010PTC061338
|
EMERAL ENERGY
SOLUTIONS PRIVATE LIMITED |
Director |
29/06/2010 |
29/06/2010 |
27/12/2011 |
Active |
NO |
|
8 |
U40106GJ2010PTC061359
|
RAAJRATNA
RENEWABLE ENERGY PRIVATE LIMITED |
Director |
29/06/2010 |
29/06/2010 |
- |
Active |
NO |
|
9 |
U27203GJ2012PTC071625
|
RATNASHRI
ALUMINIUM PRIVATE LIMITED |
Director |
21/08/2012 |
21/08/2012 |
- |
Active |
NO |
|
Name : |
Mr. Ashimkumar Rakhalraj Banerjee |
|
Designation : |
Whole-time Director |
|
Address : |
Evershine Apartment II, J. P. Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1949 |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AAUPB9079Q |
|
DIN No.: |
02010493 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24231GJ1988PLC010673
|
RAAJRATNA METAL
INDUSTRIES LIMITED |
Whole-time
director |
01/04/2012 |
01/04/2007 |
Active |
NO |
|
Name : |
Mr. Manish Babulal Sanghvi |
|
Designation : |
Whole-time Director |
|
Address : |
17, Sanghvi Mansion, Lakdawala Building, 1st Floor, Khetwadi, 5th Lane, Mumbai – 400004, Maharashtra, India |
|
Date of Birth/Age : |
23.05.1980 |
|
Date of Appointment : |
18.05.2010 |
|
PAN No.: |
AACPS6102P |
|
DIN No.: |
03089574 |
KEY EXECUTIVES
|
Name : |
Mr. Purvashi D. Adhvaryu |
|
Designation : |
Company Secretary |
|
Address : |
20, Avantika Park, Raw House, Behind Sun-N-Step Club, Memnagar,
Ahmedabad - 380061, Gujarat, India |
|
Date of Birth/Age : |
08.02.1977 |
|
Date of Appointment : |
01.09.2011 |
|
PAN No.: |
AFRPA1633B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
Note: Shareholder
details file attached.
AS ON 27.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Stainless Steel Wires and Bright Bars |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
|
S.S. / Copper Wires |
MT |
36000 |
|
S.S. Scrap |
MT |
NA |
|
Power Generation |
Units |
6.75 MW |
ACTUAL PRODUCTION:
|
Particulars |
Unit |
Production |
|
|
|
|
Own |
Job Work |
|
S.S. / Copper Wires |
MT |
27878.968 |
3162.007 |
|
S.S. Scrap |
MT |
587.848 |
NA |
|
Power Generation |
Units |
10206583 |
NA |
GENERAL INFORMATION
|
No. of Employees : |
800 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
The Bank of Baroda Limited, Ashram Road, Vallabh
Sadan, Opposite Natraj Cinema,
Ahmedabd-380009, Gujarat, India Tel.
No.: 91-79-26580362/ 26580173 · State Bank of India, Overseas Branch, Navgivan, Ahmedabad, Gujarat, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · IDBI Bank Limited, IDBI Complex, Near Lal Bunglow, Off C. G. Road, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name 1 : |
Shah Kantilal and Company Chartered Accountants |
|
Address : |
804, Sarap Building, Opposite Navjivan Press, Off Ashram Road, Ahmedabad
– 380014, Gujarat, India |
|
PAN No.: |
AACFM6805H |
|
|
|
|
Name 2 : |
Mehta Lodha and Company Chartered Accountants |
|
Address : |
105, Sakar – I, Opposite
Gandhigram Railway Station, Ahmedabad – 380014, Gujarat, India |
|
PAN No.: |
AAMFS3865K |
|
|
|
|
Associates : |
Raajratna Electrodes Private Limited CIN No.:
U29308GJ1991PTC016444 Raajratna Stockholding Private Limited CIN No.:
U65990GJ1992PTC018491 Raajratna Ventures Limited CIN No.:
U27209GJ2004PLC044288 Real Strips Limited CIN No.:
L27100GJ1990PLC014383 Concept Infoway Private Limited CIN No.:
U72900GJ2000PTC037745 Unical Chemicals India Private Limited CIN No.:
U24100GJ2010PTC060200 |
|
|
|
|
Subsidiaries : |
·
Stainless Limited ·
Raajratna Stainless Wire (USA) Inc ·
Erre Inox S.P.A |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8362166 |
Equity Shares |
Rs.10/- each |
Rs. 83.622
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 |
83.622 |
83.622 |
83.622 |
|
(b) Reserves & Surplus |
1395.227 |
1198.387 |
1166.249 |
|
(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) |
1478.849 |
1282.009 |
1249.871 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
103.096 |
364.422 |
378.031 |
|
(b) Deferred tax liabilities (Net) |
159.063 |
169.020 |
167.001 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
20.050 |
16.817 |
13.610 |
|
Total Non-current Liabilities (3) |
282.209 |
550.2590 |
558.642 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2263.120 |
2469.136 |
2282.086 |
|
(b) Trade payables |
339.817 |
490.391 |
226.147 |
|
(c) Other current
liabilities |
267.863 |
133.582 |
88.559 |
|
(d) Short-term provisions |
153.018 |
113.246 |
141.532 |
|
Total Current Liabilities (4) |
3023.818 |
3206.355 |
2738.324 |
|
|
|
|
|
|
TOTAL |
4784.876 |
5038.623 |
4546.837 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1296.477 |
1345.345 |
1270.445 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
12.915 |
19.710 |
36.253 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
87.992 |
48.645 |
48.580 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.842 |
15.264 |
10.548 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1412.226 |
1428.964 |
1365.826 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
780.794 |
970.540 |
787.734 |
|
(c) Trade receivables |
1984.339 |
2008.191 |
1863.177 |
|
(d) Cash and cash
equivalents |
13.414 |
38.630 |
3.689 |
|
(e) Short-term loans and
advances |
594.103 |
592.298 |
526.411 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
3372.650 |
3609.659 |
3181.011 |
|
|
|
|
|
|
TOTAL |
4784.876 |
5038.623 |
4546.837 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6202.430 |
6012.575 |
5303.309 |
|
|
|
Other Income |
8.981 |
11.340 |
12.248 |
|
|
|
TOTAL (A) |
6211.411 |
6023.915 |
5315.557 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
4503.015 |
4760.890 |
3968.037 |
|
|
|
Employee benefit expense |
179.119 |
150.194 |
124.063 |
|
|
|
Other expenses |
834.652 |
727.246 |
633.776 |
|
|
|
Prior Period Expenses |
2.467 |
0.599 |
(0.041) |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
27.592 |
(57.061) |
(49.583) |
|
|
|
TOTAL (B) |
5546.845 |
5581.868 |
4676.252 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
664.566 |
442.047 |
639.305 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
188.182 |
218.198 |
160.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
476.384 |
223.849 |
479.003 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
155.204 |
141.896 |
126.068 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
321.180 |
81.953 |
352.935 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
100.043 |
25.519 |
114.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
221.137 |
56.434 |
238.789 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
4056.403 |
4310.971 |
3739.044 |
|
|
TOTAL EARNINGS |
4056.403 |
4310.971 |
3739.044 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1231.315 |
2082.507 |
965.819 |
|
|
|
Stores & Spares |
66.921 |
88.139 |
48.567 |
|
|
|
Capital Goods |
32.851 |
71.848 |
109.119 |
|
|
TOTAL IMPORTS |
1331.087 |
2242.494 |
1123.505 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
26.44 |
6.75 |
28.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.56
|
0.94 |
4.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.18
|
1.36 |
6.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.86
|
1.65 |
7.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.06 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.60
|
2.21 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.13 |
1.16 |
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 |
Yes |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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) |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Short Term Borrowings |
|
|
|
Intercorporate Borrowings |
0.226 |
62.382 |
|
|
|
|
|
TOTAL |
0.226 |
62.382 |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
90098705 |
20/07/2013 * |
3,900,000,000.00 |
BANK OF BARODA |
ASHRAM ROAD BRANCH, VALLABH SADAN, OPP. NATRAJ
CINEMA, AHMEDABAD, GUJARAT - 380009, INDIA |
B80544554 |
|
2 |
90098129 |
26/12/1996 * |
41,000,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA |
163;BACKBAY RECLAMATION, BOMBAY,
MAHARASHTRA - 400 020, INDIA |
- |
|
* Date of charge modification |
||||||
CORPORATE INFORMATION
Raajratna Metal
Industries Limited is a Limited company domiciled in India and Incorparated
under the provisions of the Companies Act, 1956.The company is engaged in the manufacturing
of Stainless Steel Wires and Bright Bars.
OPERATIONS AND FUTURE PROSPECTS
The Company has
performed satisfactorily during the year; Net Sales has gone up to Rs.6122.300
Millions against Rs.5950.400 Millions compared to previous year and Net profit
after tax increase to Rs. 221.100 Millions against Rs.56.400 Millions compared
to previous year. The Net sales increased by
2.89 % during the
current year as compared with previous year in value terms and the sales in
quantity is slightly decrease by 0.42%, as compared with previous year.
FUTURE PROSPECTS
The Company is
focusing on developing the new markets in South American Countries, Japan,
Korea and Thailand. Further we are developing the High Nickel Alloy Wires for
oil and Gas Industries.
Company is also
planning to enter in to Power Trading through Power Exchange of India Limited.
(PXIL) to get the advantage of demand and supply of power, to minimize the
Power Cost. Therefore, Company will have edge over their competitors. They will
have the benefit of latest Technology used by the Company.
FIXED ASSETS
·
Land
·
Buildings
·
Residential building
·
Office building
·
Factory building
·
Plant and Equipment
·
Factory equipments
·
Office equipment
·
Computer equipments
·
Furniture and Fixtures
·
Vehicles
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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. 62.40 |
|
|
1 |
Rs. 102.53 |
|
Euro |
1 |
Rs. 85.19 |
INFORMATION DETAILS
|
5Report Prepared
by : |
DPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.