1. Summary Information
|
Country |
India |
||
|
Company Name |
DEEPAK FASTENERS LIMITED |
Principal Name 1 |
Mr. Kailash Kalra |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjeev Kalra |
|
Registration # |
16-010832 |
||
|
Street Address |
4th Floor, First Mall, Mall Road, Ludhiana – 141001, Punjab, India |
||
|
Established Date |
12.11.1990 |
SIC Code |
-- |
|
Telephone# |
91-161-2774401/ 3911111 (30 Lines) |
Business Style 1 |
Manufacturers |
|
Fax # |
91-161-2449050 / 2774400 |
Business Style 2 |
Exporters |
|
Homepage |
Product Name 1 |
Fasteners |
|
|
# of employees |
4000 (Approximately) |
Product Name 2 |
Farm Parts |
|
Paid up capital |
Rs.
10,289,820/- |
Product Name 3 |
Hex Bolts and Nuts |
|
Shareholders |
Foreign holdings-0.02 Bodies corporate- 39.22 Directors or relatives of directors- 60.76 |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
No |
Business Period |
24 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates/
Subsidiary |
India |
Shree Ganesh Jewellers Limited |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,705,563,000 |
Current Liabilities |
809,133,000 |
|
Inventories |
1,717,317,000 |
Long-term Liabilities |
3,294,355,000
|
|
Fixed Assets |
397,396,000 |
Other Liabilities |
75,614,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
4,179,102,000 |
|
Invest& other Assets |
1,934,418,000 |
Retained Earnings |
1,565,303,000 |
|
|
0 |
Net Worth |
1,575,592,000 |
|
Total Assets |
5,754,694,000 |
Total Liab. & Equity |
5,754,694,000 |
|
Total Assets (Previous Year) |
4,700,577,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
2,790,115,000 |
Net Profit |
227,021,000 |
|
Sales (Previous yr.) |
2,734,083,000 |
Net Profit
(Prev. yr.) |
383,638,000 |
MIRA INFORM REPORT
|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEEPAK FASTENERS LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, First Mall, Mall Road, Ludhiana – 141001, Punjab, India |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.11.1990 |
|
|
|
|
Com. Reg. No.: |
16-010832 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.289 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28991PB1990PLC010832 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDD00515E / JLDD00615G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD6282G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Fasteners, Farm Parts, Hex Bolts and
Nuts |
|
|
|
|
No. of Employees
: |
4000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6302300 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually Correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company sees to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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 |
CRISIL |
|
Rating |
Long Term Rating =BBB |
|
Rating Explanation |
Have a moderate degree of safety and carry moderate credit risk |
|
Date |
15.10.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating =A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk |
|
Date |
15.10.2013 |
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 (PARTIAL DETAILS)
|
Name : |
Mr. Ajay Shah |
|
Designation : |
Marketing Manager |
|
Date : |
16.06.2014 |
|
Contact No: |
91-161-2774401 |
LOCATIONS
|
Registered / Corporate Office : |
4th Floor, First Mall, Mall Road, Ludhiana – 141001, Punjab, India |
|
Tel. No.: |
91-161-2774401/ 3911111 (30 Lines) |
|
Fax No.: |
91-161-2449050 / 2774400 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Central Marketing Office : |
G.T. Road, Miller Ganj, Opposite Ramgariya Gurudwara, Ludhiana –
141003, Punjab, India |
|
Tel. No.: |
+91-161-3911111 |
|
Fax No.: |
+91-161-2538333 |
|
E-Mail : |
|
|
|
|
|
Factory 1: |
Village Jaspalon, |
|
Tel. No.: |
91-161-3911111 |
|
Fax No.: |
91-1628-245300 |
|
Area : |
431964 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2/ Branch Office : |
Near 33 KV sub Station, Industrial Area, Phase – IV, Tahiwal, UNA, |
|
Tel. No.: |
91-1975-257300-301 |
|
Fax No.: |
91-1975-257302 |
|
Area : |
253779 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Offices : |
EGA Trade Centre, 809, Tel : 91-44-26612389 Fax : 91-44-26612451 E-mail : chennai@deepakfasteners.com
Office No. 1, 1st Floor, Shreeji Arcade, Opposite Nitin
Company, Almeda Road, Panchpakhadi, Thane(West) - 400 062, Maharashtra, India Tel : 91-22-40111062 / 063 Fax : 91-22-25408099 E-mail : mumbai@deepakfasteners.com 303 – 3rd Floor, Basant Complex, Opposite HDFC Bank, Chaar
Rasta, Navrangpura, Ahmedabad, Gujarat, India Tel : 91-9375690170 E–mail : gujarat@deepakfastners.com
E 536, Phase VI, Focal Point, Ludhiana – 141010, Punjab, India 91-161-2774401 +911612449050 |
|
|
|
|
Overseas Office : |
Located at: ·
· Middle East / North Africa ·
· United Kingdom ·
|
NOTE:
They have manufacturing facilities at three
sites in India and one in (Shannon) Ireland Unbrako Plant Except for Shannon
Plant Manufacturing locations are owned by them.
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Deepak Kalra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
600/13A, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.05.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech (Mech) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.11.1990 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
00633576 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjeev Kalra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
600/13A, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBA (Finance) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.11.1990 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
00633619 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kailash Chander Kalra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
600/13A, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.03.1938 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech (Civil) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.11.1990 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
00633487 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ajay Shah |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Deepak Kalra |
|
201485 |
|
Sanjeev Kalra |
|
187930 |
|
Kailash Kalra |
|
193121 |
|
Prem Kalra |
|
21088 |
|
Mona Kalra |
|
7785 |
|
Monika Kalra |
|
8285 |
|
Deepak Aviation Limited, |
|
40000 |
|
Deepak Fibers Limited, India |
|
34000 |
|
Shree Ganesh Jewellers Limited, India |
|
309538 |
|
Banyantree Growth Capital LLC, Mauritious |
|
125 |
|
Kailash Impex Limited, India |
|
20000 |
|
Sanjeev Kalra and Sons (Karta Sanjeev Kalra) |
|
2750 |
|
Deepak Kalra and Sons (Karta Deepak Kalra) |
|
2750 |
|
DEG-Deutsche Investitions-Und Entwicklungsgessellseha ftmbH, Germany |
|
125 |
|
|
|
|
|
Total
|
|
1028982 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
0.02 |
|
Bodies corporate |
|
39.22 |
|
Directors or relatives of directors |
|
60.76 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Fasteners, Farm Parts, Hex Bolts and
Nuts |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
DFL and Unbrako |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Countries : |
|
GENERAL INFORMATION
|
No. of Employees : |
4000 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rakesh Goel and Associates Chartered Accountants |
|
Address : |
B – 15/503, ST No.1, Nirankari Mohalla, |
|
Tel. No.: |
91-161-2532574/ 2533174 |
|
Fax No.: |
91-161-2532574 |
|
E-Mail : |
|
|
PAN No.: |
AALFR0310D |
|
|
|
|
Associates : |
· Shree Ganesh Jewellers Limited CIN No.: U45202pb1997plc0019742 · KDK Steel Industries Private Limited CIN No: U27107pb2007ptc030831 · Kailash Impex Limited CIN No.: U28991pb1995plc016024 · Deepak Hospitality Private Limited CIN No::U55101pb2010ptc034151 · Deepak Fibres Limited CIN No.: U18101pb1997plc019743 |
|
|
|
|
Subsidiaries: |
·
Deepak Fasteners (UK) Limited ·
Deepak Fasteners (Shannon) Limited ·
Deepak Fasteners (Australia) Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10100000 |
Equity Shares |
Rs.10/- each |
Rs.101.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1028982 |
Equity Shares |
Rs.10/- each |
Rs.10.289
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 |
10.289 |
10.289 |
10.289 |
|
(b) Reserves & Surplus |
1565.303 |
1338.282 |
954.643 |
|
(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) |
1575.592 |
1348.571 |
964.932 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
2027.740 |
1924.233 |
809.534 |
|
(b) Deferred tax
liabilities (Net) |
18.433 |
21.317 |
17.199 |
|
(c)
Other long term liabilities |
17.747 |
16.590 |
15.310 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2063.920 |
1962.140 |
842.043 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1266.615 |
594.707 |
493.954 |
|
(b)
Trade payables |
570.079 |
484.781 |
318.540 |
|
(c)
Other current liabilities |
221.307 |
194.224 |
161.949 |
|
(d)
Short-term provisions |
57.181 |
116.154 |
88.863 |
|
Total
Current Liabilities (4) |
2115.182 |
1389.866 |
1063.306 |
|
|
|
|
|
|
TOTAL |
5754.694 |
4700.577 |
2870.281 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
397.396 |
423.892 |
367.018 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1503.697 |
417.964 |
38.390 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
430.721 |
288.427 |
303.983 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
581.176 |
705.065 |
427.114 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2912.990 |
1835.348 |
1136.505 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1717.317 |
1431.159 |
1074.145 |
|
(c)
Trade receivables |
725.520 |
655.230 |
434.587 |
|
(d)
Cash and cash equivalents |
162.650 |
570.293 |
103.203 |
|
(e)
Short-term loans and advances |
236.217 |
208.547 |
121.841 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2841.704 |
2865.229 |
1733.776 |
|
|
|
|
|
|
TOTAL |
5754.694 |
4700.577 |
2870.281 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2790.115 |
2734.083 |
2181.039 |
|
|
|
|
Other Income |
100.361 |
143.410 |
53.900 |
|
|
|
|
TOTAL (A) |
2890.476 |
2877.493 |
2234.939 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
1545.559 |
1562.629 |
1458.486 |
|
|
|
|
purchases of stock-in-trade |
152.527 |
2.388 |
0.000 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(251.607) |
(262.593) |
(523.389) |
|
|
|
|
Employees benefits expense |
102.831 |
77.870 |
79.986 |
|
|
|
|
Other expenses |
786.656 |
745.759 |
627.067 |
|
|
|
|
TOTAL (B) |
2335.966 |
2126.053 |
1642.150 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
554.510 |
751.440 |
592.789 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
141.365 |
122.982 |
96.996 |
||
|
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
413.145 |
628.458 |
495.793 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
63.284 |
60.412 |
48.386 |
||
|
|
|
|
|
|
||
|
|
PROFIT BEFORE
TAX (E-F) (G) |
349.861 |
570.431 |
447.407 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
122.840 |
186.793 |
118.350 |
||
|
|
|
|
|
|
||
|
|
PROFIT AFTER TAX
(G-H) (I) |
227.021 |
383.638 |
329.058 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
553.018 |
831.093 |
474.979 |
|
|
|
TOTAL EARNINGS |
553.018 |
831.093 |
474.979 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
CIF Value of Imports |
1389.433 |
1236.759 |
830.922 |
|
|
|
TOTAL IMPORTS |
1389.433 |
1236.759 |
830.922 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
220.626 |
372.832 |
319.790 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.85 |
13.33 |
14.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.54 |
20.86 |
20.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.16 |
14.28 |
17.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.42 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.09 |
1.87 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
2.06 |
1.63 |
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 |
10.289 |
10.289 |
10.289 |
|
Reserves & Surplus |
954.643 |
1338.282 |
1565.303 |
|
Net worth |
964.932 |
1348.571 |
1575.592 |
|
|
|
|
|
|
long-term borrowings |
809.534 |
1924.233 |
2027.740 |
|
Short term borrowings |
493.954 |
594.707 |
1266.615 |
|
Total borrowings |
1303.488 |
2518.940 |
3294.355 |
|
Debt/Equity ratio |
1.351 |
1.868 |
2.091 |
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 |
2181.039 |
2734.083 |
2790.115 |
|
|
|
25.357 |
2.049 |
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 |
2181.039 |
2734.083 |
2790.115 |
|
Profit |
329.058 |
383.638 |
227.021 |
|
|
15.09% |
14.03% |
8.14% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
PUNJAB AND HARYANA HIGH COURT
CASE STATUS INFORMATION SYSTEM
CASE STATUS: PENDING
|
STATUS OF COMPANY PETITIONS 36
OF 2009 DFL INTERNATIONAL
LIMITED
V/S. DEEPAK
FASTENERS LIMITED PET’S ADV. :
ANIL KUMAR AGGARWAL LAST LISTED ON : NO
DATE MENTIONED LIST TYPE : NO
LIST TYPE MENTIONED FIR NO. : NO FIR
DETAILS AVAILABLE / NOT A CRIMINAL CASE COMPLAINT NO.: NO
COMPLAINT DETAILS AVAILABLE CATEGORY : COMPANY
PETITIONS : NO BENCH
MENTIONED LAST HEARING DETAIL
2: NO BENCH MENTIONED
CASE
UPDATED ON: WEDNESDAY, FEBRUARY 25,2009 |
UNSECURED LOAN:
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Fully Convertible Debentures Others |
699.800 |
699.800 |
|
|
|
|
|
SHORT TERM
BORROWINGS: |
|
|
|
Working Capital Loans From Banks |
1266.615 |
594.707 |
|
|
|
|
|
Total |
1966.415 |
1294.507 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10490652 |
31/03/2014 |
500,000,000.00 |
CENTRAL BANK OF INDIA |
CENTRAL BANK OF INDIA, INDUSTRIAL AREA-A, LUDHIANA- 141003, PUNJAB, INDIA |
C03037611 |
|
2 |
10489891 |
12/03/2014 |
1,462,500,000.00 |
PUNJAB NATIONAL BANK |
PUNJAB NATIONAL BANK, NEAR MANJU CINEMA, LUDHIANA- 141003, PUNJAB, INDIA |
C03051745 |
|
3 |
10479469 |
28/01/2014 |
100,000,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, NEAR MANJU CINEMA, LUDHIANA- 141003, PUNJAB, INDIA |
B97147672 |
|
4 |
10454312 |
28/09/2013 |
298,100,000.00 |
CORPORATION BANK |
PAKHOWAL ROAD, LUDHIANA- 141001, PUNJAB, INDIA |
B87209052 |
|
5 |
10437988 |
08/07/2013 |
300,000,000.00 |
ALLAHABAD BANK |
IIFB BRANCH, 165 INDUSTRIAL AREA A, CHEEMA CHOWK, |
B80106206 |
|
6 |
10424233 |
15/04/2013 |
50,000,000.00 |
ORIENTAL BANK OF COMMERCE |
OVERSEAS BRANCH, G T ROAD, MILLER GANJ, LUDHIANA-
141003, |
B74611088 |
|
7 |
10416992 |
28/03/2013 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, NEAR MANJU CINEMA, |
B72344138 |
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 judgment 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 exist on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
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 |
|
53 |
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.