MIRA INFORM REPORT
|
Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GANNON DUNKERLEY AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
New Excelsior Building, 3rd Floor, A K Nayak Marg, Fort,
Mumbai – 400001, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.03.1924 |
|
|
|
|
Com. Reg. No.: |
11-001107 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 26.880 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH1924PLC001107 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG09964D / MUMG08119G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1846P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Subject is engaged in Civil Construction, Construction of industrial and
infrastructure units, irrigation and hydroelectric projects, water treatment
plants on turnkey basis. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 22980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears dip in profit of the company during financial year 2013. However, the rating reflects company’s sound financial risk profile
marked by fair liquidity position and established market position in the
construction sector. 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 conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A- (Long Term Ratings) |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
17.01.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A2+ (Short Term Bank Facilities) |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
17.01.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-22051231)
LOCATIONS
|
Registered / Marketing Office : |
New Excelsior Building, 3rd Floor, A K Nayak Marg, Fort, Mumbai
– 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22051231 |
|
Fax No.: |
91-22-22051232 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
North Zone Offices : |
Water Treatment
Division B -228, Okhla Industrial Area, Phase I, New Delhi-110020, India |
|
Tel. No.: |
91-11-40589700 |
|
Fax No.: |
91-11-42785612 |
|
E-Mail : |
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|
|
|
|
South Zone Offices : |
HYDERABAD
Tel: 91-40 - 44456600 – 49 (50 Lines) Fax: 91-40
- 44456650 and 51 E-mail: hyderabadced@gdcl.in
GDC House, 94, 3rd Street, Tatabad, Coimbatore - 641012,
Tamilnadu, India Tel: 91-422
- 2495846 Fax: 91-422
- 2495846 E-mail: coimbatore@gdcl.in coimbatore@gdcl.in
Plot No. 1, M. k. Susheela’s Towers (2nd Floor), Jawaharlal Nehru Salai, U. R. Nagar
Extn, Anna Nagar West, Chennai
– 600101, Tamilnadu, India Tel: 91-44
- 26154931 Fax: 91-44 – 26154931 Email: chennaioffice@gdcl.in |
|
|
|
|
East Zone Offices : |
KOLKATA 86 A, Topsia Road (South), Haute Street, 7th Floor,
Kolkata – 700046, West Bengal, India Tel: 91
- 33 - 30419700/01 Fax: 91
- 33 - 30419705 E-mail: kolkataced@gdcl.in
Handling Division Flat No. N-1(Ist Floor), 16-A / 1, Earle Street, Kolkata - 700026, West Bengal, India Tel: 91-33
- 24863345 / 24863355 / 24863405 Fax: 91-33
- 24863345 E-mail: gdmthd@gdcl.in
Gannon Dunkerly and Company, Limited Sleeper Factory, Post Box No. 16, Dist. And P.O.
Rayagada, Orissa – 765001, India Tel/Fax: 91-6856 – 225684 Email: rsf@gdcl.in |
|
|
|
|
West Zone Offices : |
MUMBAI A-501, Business Square, 151, Andheri - Kurla Road, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India Tel: 91-22
– 40011920 Fax: 91-22
– 40011923 E-mail: mumbaiced@gdcl.in gannonmumbai@gmail.com
A-501, Business Square, 151, Andheri - Kurla Road, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India Tel: 91-22
– 40011920 Fax: 91-22
– 40011923 E-mail: edoffice@gdcl.in gannonmumbai@gmail.com 301-303, Prerna Arcade (3rd Floor), Opposite Doctor House, Near Parimal Crossing, C. G. Road, Ahmedabad-380006, Gujarat, India Tel: 91-79
- 40004747 Fax: 91-79
- 26464215 E-mail: ahmedabad@gdcl.in |
|
|
|
|
Overseas Offices : |
Located At
|
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Narayandas Saraf |
|
Designation : |
Chairman |
|
Address : |
B-42, Maharani Bagh, New Delhi-110065, India |
|
Date of Birth/Age : |
07.09.1938 |
|
Date of Appointment : |
24.05.1965 |
|
DIN No.: |
00006260 |
|
|
|
|
Name : |
Mr. Kamal M. Morarka |
|
Designation : |
Director |
|
Address : |
24-B, Cormichaael Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1946 |
|
Date of Appointment : |
19.05.1997 |
|
PAN No.: |
AADPM7443A |
|
DIN No.: |
00460013 |
|
|
|
|
Name : |
Mr. Parag C Mehta |
|
Designation : |
Director |
|
Address : |
Flat No. 23, 7th Floor, Neelkanth Apartments, Worli Hill
Estate, Worli, Mumbai - 400018, |
|
Date of Birth/Age : |
15.08.1961 |
|
Date of Appointment : |
22.12.2005 |
|
DIN No.: |
00172972 |
|
|
|
|
Name : |
Mr. Vijay Goverdhandas Kalantri |
|
Designation : |
Director |
|
Address : |
2, Wahendna Apartment, Ground Floor, |
|
Date of Birth/Age : |
05.01.1949 |
|
Date of Appointment : |
11.12.2008 |
|
DIN No.: |
00019510 |
|
|
|
|
Name : |
Mr. Ravinder K Machanda |
|
Designation : |
Additional Director |
|
Address : |
D-281 G/F, Defence Colony, New Delhi-110024, India |
|
Date of Birth/Age : |
22.09.1950 |
|
Date of Appointment : |
11.12.2008 |
|
DIN No.: |
01801659 |
|
|
|
|
Name : |
Mr. Kartik RAwal |
|
Designation : |
Managing Director |
|
Address : |
401 Mayfair Sweet Heaven Near Rasraj Hotel Plot No 15, K D Road, Vile
Parle, Mumbai-400056, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1963 |
|
Date of Appointment : |
26.04.2012 |
|
DIN No.: |
00436076 |
|
|
|
|
Name : |
Mr. Hiralal R Pandey |
|
Designation : |
Director |
|
Address : |
Flat No 51 Kalpataru Harmony Off Sion Circle ADJ Sion Telephone Exchange
Road No 29, Sion (East), Mumbai-400022, Maharashtra, India |
|
Date of Birth/Age : |
10.11.1943 |
|
Date of Appointment : |
20.07.2011 |
|
DIN No.: |
00460195 |
KEY EXECUTIVES
|
Name : |
Mr. |
|
Designation : |
Company Secretary |
|
Address : |
1A/13, Nalanda CHS Limited, Evershine Nagar, Malad (West),
Mumbai-400064, |
|
Date of Birth/Age : |
03.11.1969 |
|
Date of Appointment : |
16.04.2007 |
|
PAN No.: |
ACGPA1554M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
NOTE: SHAREHOLDING
DETAILS FILE ATTACHED.
AS ON 27.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Nationalized or other banks |
0.01 |
|
Bodies corporate |
87.66 |
|
Directors or relatives of Directors |
11.60 |
|
Others |
0.73 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Civil Construction, Construction of industrial
and infrastructure units, irrigation and hydroelectric projects, water treatment
plants on turnkey basis. |
GENERAL INFORMATION
|
Customers : |
· Asia Hotel Limited · Bharti Airtel · Tarupit Exports Private Limited · Star Cement Limited · BMM Cement Limited · UP Rajya Vidyut Utpadan Nigam Limited · Paramount Limited · Airports Authority of India · IRCON International Limited · SMS Infrastructures Limited · Goa Airport · Rajahmundry Airport · Mumbai International Airport Limited · Indian Oil Corporation Limited · Bharat Oman Refineries Limited · Chennai Petroleum Corp. Limited · BLA Power Limited · JSW Energy Limited · Tata Projects Limited · West Bengal Power Development Corporation Limited · Adhunik Alloys and Power Limited · Essar Projects Limited · JSW Projects Limited · Uttam Galva Steel Limited · Vishakapatnam Steel Plant · IFB Industries Limited · Shree Dhanalaxmi Sahakari Karkhane |
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No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India Commercial Branch, N G N Vaidya Marg, Fort, Mumbai-400023, Maharashtra, India · HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · Bank of India 66 Pansari Chambers, Johri Bazar, Jaipur, Rajasthan - 302003, India · Kotak Mahindra Bank Limited 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai, Maharashtra -
400021, India · Standard Chartered Bank Standard Chartered Tower, 201, B/1, Western Express Highway, Goregaon (East), Mumbai, Maharashtra - 400063, India |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
· Bajaj Finance Limited Akurdi Pune-411035, Maharashtra, India · SREI Equipment Finance Private Limited 'Vishwakarma', 86c, Topsia Road, Kolkata, West Bengal - 700046, India · Tata Capital Financial Services Limited One Forbes, DR. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra -
400001, India |
|
|
|
|
Auditors : |
|
|
Name : |
Sanghavi and Company Chartered Accountants |
|
Address : |
Bulbul, St Floor, Crescent Road, Bhavnagar-364001, Gujarat, India |
|
PAN No.: |
AAQFS2682A |
|
|
|
|
Subsidiaries : |
CIN
NO.:- U26943RJ1948PLC000612
CIN
NO.:- U65990MH1984PTC034680
CIN
NO.:- U29100MH1978PLC020710
CIN
NO.:- U45200AP2011PTC076335
|
|
|
|
|
Associates : |
|
|
|
|
|
Joint Venture Company : |
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000 Millions |
|
200000 |
Preference Shares |
Rs.100/- each |
Rs. 20.000 Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2688000 |
Equity Shares |
Rs.10/- each |
Rs. 26.880
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 |
26.880 |
26.880 |
26.880 |
|
(b) Reserves & Surplus |
5719.072 |
5325.317 |
4904.987 |
|
(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) |
5745.952 |
5352.197 |
4931.867 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
905.073 |
777.627 |
1068.598 |
|
(b) Deferred tax liabilities (Net) |
862.400 |
793.300 |
689.501 |
|
(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) |
1767.473 |
1570.927 |
1758.099 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
5669.376 |
4953.395 |
4614.748 |
|
(b)
Trade payables |
4230.464 |
3342.340 |
3081.905 |
|
(c)
Other current liabilities |
7939.736 |
6932.018 |
5922.307 |
|
(d)
Short-term provisions |
131.364 |
166.868 |
252.965 |
|
Total
Current Liabilities (4) |
17970.940 |
15394.621 |
13871.925 |
|
|
|
|
|
|
TOTAL |
25484.365 |
22317.745 |
20561.891 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2803.033 |
2876.324 |
2732.104 |
|
(ii)
Intangible Assets |
1.140 |
1.601 |
1.442 |
|
(iii)
Capital work-in-progress |
0.000 |
11.343 |
44.040 |
|
(iv) Intangible assets under development |
50.590 |
45.784 |
17.438 |
|
(b) Non-current
Investments |
414.715 |
412.715 |
112.615 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2903.844 |
2736.089 |
2469.804 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
6173.322 |
6083.856 |
5377.443 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11476.100 |
10324.567 |
9134.508 |
|
(c)
Trade receivables |
10.386 |
13.811 |
9.575 |
|
(d)
Cash and cash equivalents |
2035.092 |
2065.351 |
2934.624 |
|
(e)
Short-term loans and advances |
5789.465 |
3830.160 |
3105.741 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
19311.043 |
16233.889 |
15184.448 |
|
|
|
|
|
|
TOTAL |
25484.365 |
22317.745 |
20561.891 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18,656.250 |
17,861.371 |
17,757.146 |
|
|
|
Other Income |
311.937 |
400.257 |
255.645 |
|
|
|
TOTAL (A) |
18968.187 |
18261.628 |
18012.791 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
30.619 |
71.881 |
81.957 |
|
|
|
Purchases of Stock-in-Trade |
1.954 |
60.954 |
1.841 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1179.194) |
(1168.988) |
(1573.251) |
|
|
|
Employees benefits expense |
1429.795 |
1422.680 |
1246.811 |
|
|
|
Other expenses |
16453.759 |
15628.622 |
15674.594 |
|
|
|
Exceptional Items |
91.100 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
16828.033 |
16015.149 |
15431.952 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2140.154 |
2246.479 |
2580.839 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1,015.085 |
917.445 |
660.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1125.069 |
1329.034 |
1920.406 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
489.941 |
516.078 |
459.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
635.128 |
812.956 |
1461.355 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
217.444 |
273.086 |
533.474 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
417.684 |
539.870 |
927.881 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
9.833 |
13.518 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
155.39 |
200.84 |
345.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.20 |
2.96 |
5.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.40 |
4.55 |
8.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.54 |
3.72 |
7.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.15 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14 |
1.07 |
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.05 |
1.09 |
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 |
26.880 |
26.880 |
26.880 |
|
Reserves & Surplus |
4904.987 |
5325.317 |
5719.072 |
|
Net
worth |
4931.867 |
5352.197 |
5745.952 |
|
|
|
|
|
|
long-term borrowings |
1068.598 |
777.627 |
905.073 |
|
Short term borrowings |
4614.748 |
4953.395 |
5669.376 |
|
Total
borrowings |
5683.346 |
5731.022 |
6574.449 |
|
Debt/Equity
ratio |
1.152 |
1.071 |
1.144 |
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 |
17757.146 |
17861.371 |
18656.250 |
|
|
|
0.587 |
4.450 |
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 |
17757.146 |
17861.371 |
18656.250 |
|
Profit |
927.881 |
539.870 |
417.684 |
|
|
5.23% |
3.02% |
2.24% |
S
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
642.838 |
1035.530 |
1075.803 |
|
|
|
|
|
|
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 |
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) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
|
CASE DETAILS BENCH:-BOMBAY
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
UNSECURED LOANS
|
Unsecured Loan |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from Related |
129.028 |
144.738 |
|
SHORT TERM
BORROWINGS |
|
|
|
Term Loans from Others |
0.000 |
100.000 |
|
|
|
|
|
TOTAL |
129.028 |
244.738 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10500370 |
12/05/2014 |
14,500,000.00 |
BANK OF INDIA |
66 PANSARI
CHAMBERS, JOHRI BAZAR, JAIPUR, RAJASTHAN - 302003, INDIA |
C05730999 |
|
2 |
10460830 |
22/11/2013 * |
29,360,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH,N G N VAIDYA MARG,, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B93827277 |
|
3 |
10438144 |
05/07/2013 |
47,842,400.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR.
V. B. GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B80166614 |
|
4 |
10438281 |
05/07/2013 |
9,147,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B80224876 |
|
5 |
10438146 |
29/06/2013 |
102,157,600.00 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
ONE FORBES, DR.
V. B. GANDHI MARG, FORT, MUMBAI, |
B80167174 |
|
6 |
10427462 |
16/05/2013 |
630,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B75720706 |
|
7 |
10428679 |
13/05/2013 |
11,356,025.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B76090661 |
|
8 |
10412187 |
11/03/2013 |
23,469,374.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B70904040 |
|
9 |
10391919 |
15/12/2012 |
18,664,175.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B64118938 |
|
10 |
10382960 |
25/10/2012 |
7,903,170.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B60674942 |
|
11 |
10372947 |
29/08/2012 |
8,207,325.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B56530587 |
|
12 |
10365521 |
13/07/2012 |
15,829,560.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B43642909 |
|
13 |
10367662 |
30/06/2012 |
135,000,000.00 |
STANDARD
CHARTERED BANK |
STANDARD CHARTERED
TOWER, 201, B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (E), MUMBAI, MAHARASHTRA -
400063, INDIA |
B44575306 |
|
14 |
10366798 |
18/06/2012 |
3,945,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B44203230 |
|
15 |
10360333 |
05/06/2012 |
1,940,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B41511338 |
|
16 |
10358634 |
28/05/2012 |
1,222,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B40818031 |
|
17 |
10359398 |
15/04/2012 |
500,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
B41119728 |
|
18 |
10348820 |
04/04/2012 |
1,866,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B37316684 |
|
19 |
10345975 |
03/04/2012 |
30,481,084.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B36462422 |
|
20 |
10344221 |
10/03/2012 |
1,246,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B35804061 |
|
21 |
10342529 |
20/02/2012 |
4,128,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B35147560 |
|
22 |
10332789 |
20/01/2012 |
1,721,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B30923635 |
|
23 |
10327729 |
06/01/2012 |
8,851,963.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B29293719 |
|
24 |
10325827 |
15/12/2011 |
2,567,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B28880706 |
|
25 |
10313767 |
22/10/2011 |
21,295,804.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, M |
B23768583 |
|
26 |
10316009 |
15/10/2011 |
562,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B24679995 |
|
27 |
10311331 |
03/10/2011 |
1,944,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B22997753 |
|
28 |
10310326 |
15/09/2011 |
1,009,700.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B22611636 |
|
29 |
10305604 |
08/09/2011 |
750,000,000.00 |
AXIS BANK
LIMITED |
AXIS HOUSE,
GROUND FLOOR, BOMBAY DYEING MILL COMP |
B20234811 |
|
30 |
10310329 |
05/09/2011 |
1,488,250.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B22614036 |
|
31 |
10305615 |
25/08/2011 |
1,650,462.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B20238515 |
|
32 |
10305619 |
25/08/2011 |
12,153,246.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B20239851 |
|
33 |
10308567 |
25/08/2011 |
3,508,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B21715271 |
|
34 |
10300524 |
28/07/2011 |
3,479,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B18178442 |
|
35 |
10300547 |
28/07/2011 |
1,559,332.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B18182659 |
|
36 |
10300549 |
27/07/2011 |
2,916,000.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B18183327 |
|
37 |
10296645 |
08/07/2011 |
1,099,700.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-, PUNE,
MAHARASHTRA - 411035, INDIA |
B16677593 |
|
38 |
10301728 |
02/07/2011 |
20,426,387.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B18635276 |
|
39 |
10300530 |
27/06/2011 |
1,488,832.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B18179267 |
|
40 |
10295905 |
20/06/2011 |
3,902,200.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B16444796 |
|
41 |
10295252 |
15/06/2011 |
4,709,600.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B16199507 |
|
42 |
10284919 |
15/04/2011 |
563,200.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B11911542 |
|
43 |
10274279 |
25/02/2011 |
14,985,700.00 |
BAJAJ FINANCE
LIMITED |
AKURDI PUNE-,
PUNE, MAHARASHTRA - 411035, INDIA |
B08463820 |
|
44 |
10274168 |
05/02/2011 |
15,170,888.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B08378382 |
|
45 |
10263108 |
01/11/2010 |
200,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, N.G.N. VAIDYA MARG, BANK STREET, HORNIMAN CIRCLE, MUMBAI, MAHARASHTRA
- 400023, INDIA |
B02022853 |
|
46 |
10230642 |
15/06/2010 |
67,853,210.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
A89814461 |
|
47 |
10207408 |
20/05/2010 * |
400,000,000.00 |
ICICI BANK
LIMITED |
ICICI BANK TOWERS,
BANDRA KURLA COMPLEX, MUMBAI, |
A87195228 |
|
48 |
10191814 |
15/03/2010 * |
500,000,000.00 |
LANDT
INFRASTRUCTURE FINANCE COMPANY LIMITED |
MOUNT
POONAMALLEE ROAD, MANAPAKKAM, CHENNAI, TAMIL NADU - 600089, INDIA |
A84893155 |
|
49 |
10153715 |
17/03/2012 * |
29,360,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH,N G N VAIDYA MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B36909752 |
|
50 |
10140455 |
28/02/2009 * |
1,250,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, N.G.N. VAIDYA MARG (BANK STREET), MUMBAI, MAHARASHTRA - 400023, INDIA |
A60512449 |
* Date of charge modification
REVIEW OF
OPERATIONS
Procurement and
execution of jobs have been marginally better than previous year resulting in a
marginal increase in turnover. Profitability has been lower due to delay in
completion of certain projects and losses in some contracts where there was no
escalation clause.
The Company’s
project in Libya could not commence during the year under review. The Company
is still waiting the handing over of the Project Site from the client. It is
hopeful the work should recommence during the current financial year i.e.
2013-2014.
FIXED ASSETS
· Land and Building
· Plant and Machinery
· Equipments
· Vehicles
· Furniture and Fixtures
· Electrical Equipments.
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. 59.48 |
|
|
1 |
Rs. 100.93 |
|
Euro |
1 |
Rs. 80.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.