1. Summary Information
|
|
|
Country |
India |
|
Company Name |
TREADSTONE LIMITED |
Principal Name 1 |
Mr. Krishan Kumar Wadhwa |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Alka Wadhwa |
|
|
|
Registration # |
20-009029 |
|
Street Address |
39, Factory Area, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh |
||
|
Established Date |
06.10.1987 |
SIC Code |
-- |
|
Telephone# |
91-512-2215787/ 2217691 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2215787/ 2219059 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Riding Equipments |
|
|
# of employees |
Not Available |
Product Name 2 |
Apparels |
|
Paid up capital |
RS.13,308,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or Relatives of Directors – 100% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
NO |
Business Period |
27 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public Enterprise |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
Rachnalok Housing Constructions Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
240,896,000 |
Current Liabilities |
64,191,000 |
|
Inventories |
245,656,000 |
Long-term Liabilities |
191,332,000 |
|
Fixed Assets |
48,902,000 |
Other Liabilities |
10,334,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
265,857,000 |
|
Invest& other Assets |
21,594,000 |
Retained Earnings |
277,883,000 |
|
|
|
Net Worth |
291,191,000 |
|
Total Assets |
557,048,000 |
Total Liab. & Equity |
557,048,000 |
|
Total Assets (Previous Year) |
612,070,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
279,998,000 |
Net Profit |
8,461,000 |
|
Sales(Previous yr) |
285,717,000 |
Net Profit(Prev.yr) |
7,775,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TREADSTONE LIMITED (w.e.f. 16.08.2001) |
|
|
|
|
Formerly Known
As : |
TREADSTONE PRIVATE LIMITED (w.e.f. 07.08.2001) TREADSTONE (INDIA) PRIVATE LIMITED (w.e.f 26.07.2001) LARK EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
39, Factory Area, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.10.1987 |
|
|
|
|
Com. Reg. No.: |
20-009029 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.308
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51210UP1987PLC009029 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of riding equipments and apparels. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e. financial
filed) is shown as 31.03.2013 but the documents related to the financial are
not available from any source. As per available financial of 2012, overall financial position of the
company is sound and healthy. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
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 DENIED
Note :
Unable to Contact the company as all the
numbers are not working, Hence closing on Registry basis.
LOCATIONS
|
Registered Office/ Head Office : |
39, Factory Area, Fazal Ganj, Kanpur – 208 012, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2215787/ 2217691/ 2234632/ 26812709 |
|
Fax No.: |
91-512-2215787/ 2219059 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing Office/ Construction Division : |
A-259-260, Okhla Industrial Area, Phase – l, New Delhi – 110 020,
India |
|
Tel. No.: |
91-11-26812539/ 26812714/ 26812709/ 26815815 |
|
Fax No.: |
91-11-26812540 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Krishan Kumar Wadhwa |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.10.1957 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00170731 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
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|
Name : |
Ms. Alka Wadhwa |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.08.1960 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00189265 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Priyanka Wadhwa |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1982 |
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|
Date of Appointment : |
29.09.2012 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00488076 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Name : |
Ms. Nidhi Wadhwa |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-33, Sarvodaya Nagar, Kanpur – 208 005, Uttar Pradesh, India |
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Date of Birth/Age : |
26.02.1981 |
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Date of Appointment : |
20.02.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01847743 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanmeet Anil Patil |
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Designation : |
Director |
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Address : |
201/4 B, Sarvoday Housing Society, Civil Lines, Solapur – 413 003,
Maharashtra, India |
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Date of Birth/Age : |
23.08.1981 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
02883605 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Jasmeet Kaur |
|
Designation : |
Company Secretory |
|
Address : |
Kanpur, Uttar Pradesh, India |
|
Email: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Krishan Kumar Wadhwa |
|
99810 |
|
Alka Wadhwa |
|
12440 |
|
Nidhi Wadhwa |
|
3400 |
|
Priyanka Wadhwa |
|
3400 |
|
Uditi Wadhwa |
|
3400 |
|
O.P. Wadhwa (HUF) |
|
10630 |
|
Total |
|
133080 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of riding equipments and apparels. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
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||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Intuition : |
Money Line Credit Limited. 75, Nirlon Complex, Off Western Express
Highway, Goregoan (East), Mumbai - 400063, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Janardan and Associates Chartered Accountants |
|
Address : |
Flat No.G-3, Prabhu Rachna Apartments, 13/386-D, Civil Lines, Kanpur –
208 001, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2533220 (O) 91-512-2561888 (R) |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AADFG2645J |
|
|
|
|
Subsidiaries : |
·
Rachnalok Housing Constructions Private Limited
(CIN No.: U45201UP2005PTC030664) ·
Treadstone India Private Limited (CIN No.:
U67120UP1992PTC014457) ·
Treadstone Hospitality Private Limited (CIN No.:
U45201UP2005PTC030676) |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
133080 |
Equity Shares |
Rs.100/- each |
Rs.13.308
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
13.308 |
13.308 |
|
(b) Reserves & Surplus |
|
277.883 |
269.421 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
291.191 |
282.729 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) Long-term borrowings |
|
111.333 |
188.769 |
|
(b) Deferred tax liabilities (Net) |
|
5.021 |
5.087 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
116.354 |
193.856 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
79.999 |
70.424 |
|
(b) Trade payables |
|
56.622 |
61.688 |
|
(c) Other current
liabilities |
|
7.569 |
15.848 |
|
(d) Short-term provisions |
|
5.313 |
7.537 |
|
Total
Current Liabilities (4) |
|
149.503 |
155.497 |
|
|
|
|
|
|
TOTAL |
|
557.048 |
632.082 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
48.902 |
52.218 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
21.594 |
20.012 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
86.143 |
60.861 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
156.639 |
133.091 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
245.656 |
352.353 |
|
(c) Trade receivables |
|
87.545 |
90.601 |
|
(d) Cash and cash equivalents |
|
6.851 |
3.548 |
|
(e) Short-term loans
and advances |
|
60.011 |
52.291 |
|
(f) Other current
assets |
|
0.346 |
0.198 |
|
Total Current Assets |
|
400.409 |
498.991 |
|
|
|
|
|
|
TOTAL |
|
557.048 |
632.082 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
13.308 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
261.417 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
274.725 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
230.305 |
|
|
2] Unsecured Loans |
|
|
0.541 |
|
|
TOTAL BORROWING |
|
|
230.846 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.503 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
511.074 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
53.643 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
18.557 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
368.096
|
|
|
Sundry Debtors |
|
|
71.047
|
|
|
Cash & Bank Balances |
|
|
3.725
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
101.068
|
|
Total
Current Assets |
|
|
543.936 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
70.985
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
34.093
|
|
Total
Current Liabilities |
|
|
105.078
|
|
|
Net Current Assets |
|
|
438.858
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
511.074 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
279.998 |
285.717 |
312.850 |
|
|
|
Other Income |
94.229 |
48.413 |
37.058 |
|
|
|
TOTAL (A) |
374.227 |
334.130 |
349.908 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
140.935 |
145.948 |
106.914 |
|
|
|
Shop Construction Cost |
0.807 |
17.075 |
53.663 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and Stock-in-Trade |
96.638 |
10.402 |
(19.552) |
|
|
|
Employee benefit
expense |
30.442 |
34.610 |
-- |
|
|
|
Other expenses |
57.684 |
75.724 |
-- |
|
|
|
Prior Period
Adjustments |
0.000 |
0.009 |
-- |
|
|
|
Manufacturing, Administrative, Selling and Distribution Expenses |
-- |
-- |
132.996 |
|
|
|
Interest on Unsecured Loan |
-- |
-- |
0.714 |
|
|
|
Miscellaneous Expenditure Written Off |
-- |
-- |
0.016 |
|
|
|
TOTAL (B) |
326.506 |
283.768 |
274.751 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
47.721 |
50.362 |
75.157 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.848 |
35.748 |
39.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.873 |
14.614 |
35.615 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
3.478 |
3.436 |
3.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.395 |
11.178 |
32.450 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.066) |
3.403 |
11.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.461 |
7.775 |
20.921 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
234.122 |
4.267 |
263.652 |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
ON CIF BASIS |
NA |
NA |
5.779 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.58 |
58.42 |
157.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.26 |
2.33 |
5.98
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.00
|
3.91 |
10.37
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.57
|
1.83 |
5.43
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.66 |
0.92 |
0.84
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.68 |
3.21 |
5.18
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
13.308 |
13.308 |
|
Reserves & Surplus |
269.421 |
277.883 |
|
Net
worth |
282.729 |
291.191 |
|
|
|
|
|
long-term borrowings |
188.769 |
111.333 |
|
Short term borrowings |
70.424 |
79.999 |
|
Total
borrowings |
259.193 |
191.332 |
|
Debt/Equity
ratio |
0.917 |
0.657 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Revenue from Operations |
312.850 |
285.717 |
279.998 |
|
|
|
(8.673) |
(2.002) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Revenue from Operations |
312.850 |
285.717 |
279.998 |
|
Profit After Tax |
20.921 |
7.775 |
8.461 |
|
|
6.69% |
2.72% |
3.02% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
-- |
|
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 |
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 |
No |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10422461 |
20/03/2013 |
8,700,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
B73946402 |
|
2 |
10323449 |
08/11/2011 |
10,000,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur - 208012,
Uttar Pradesh, India |
B27988831 |
|
3 |
10307815 |
29/07/2011 |
91,000,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
B21268826 |
|
4 |
10260926 |
23/12/2010 |
19,900,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
B03355203 |
|
5 |
10260924 |
23/12/2010 |
55,267,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
B03354313 |
|
6 |
10179662 |
27/08/2009 |
10,000,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
A71290597 |
|
7 |
10255353 |
31/07/2009 |
24,700,000.00 |
Deutsche
Postbank Home Finance Limited |
B - 6/7,
Community Centre, Safdurjung Enclave, Opp. Deer Park, New Delhi- 110029,
INDIA |
A72982937 |
|
8 |
10161325 |
03/12/2009 * |
34,000,000.00 |
RELIGARE FINVEST
LIMITED |
19, Nehru Place,
New Delhi - 110019, India |
A77381952 |
|
9 |
10187157 |
07/10/2008 |
19,953,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
A53256772 |
|
10 |
10227044 |
07/10/2008 |
30,500,000.00 |
BANK OF BARODA |
Fazalganj Branch, Fazalganj, Kanpur -
208012, Uttar Pradesh, India |
A53255345 |
* Date of charge modification
UNSECURED LOANS
|
Particulars
|
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWING |
|
|
|
Loans and Advances from Related Parties |
9.906 |
10.501 |
|
Total |
9.906 |
10.501 |
PERFORMANCE OF THE
COMPANY:
The year the
company has earned profit. The commercial receipt would further increase
corresponding with the acquiring of more commercial jobs. There are no material
changes and commitments which have occurred between the end of the financial
year and the date of report, affecting the financial position of the Company.
FIXED ASSETS:
·
Freehold Land
·
Factory Building
·
Vehicles
·
Furniture and Fixture
·
Office Equipment
·
Computers
·
Laptop
·
Electric Installation
·
Tools, Dies and Patterns
·
Trade Mark
·
Air Conditioners
·
Generators
·
Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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] 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.58.59 |
|
UK Pound |
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.