MIRA INFORM REPORT
|
Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOHIA CORP LIMITED (w.e.f. 07.03.2013) |
|
|
|
|
Formerly Known
As : |
LOHIA STARLINGER LIMITED |
|
|
|
|
Registered
Office : |
D-3/A, Panki Industrial Estate, Kanpur – 208022, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.10.1981 |
|
|
|
|
Com. Reg. No.: |
20-005446 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29263UP1981PLC005446 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Machine for Plastic Bags |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 8600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Lohia Group. It is a well-established company
having fine track record. The ratings reflects the company’s healthy financial risk profile, marked
by a comfortable capital structure, healthy net worth and decent
profitability. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
AA- (Long Term Rating) |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
26.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ (Short Term Rating) |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
26.12.2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Gaurav Srivastava |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-512-3045100 |
|
Date : |
03.11.2014 |
LOCATIONS
|
Registered Office / Factory 1 / Head Office : |
D-3/A, Panki Industrial Estate, Kanpur – 208022, Uttar Pradesh,
India |
|
Tel. No.: |
91-512-3045100 |
|
Fax No.: |
91-512-2691249 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office / Factory 2 : |
Lohia Industrial Complex, Chaubepur, Kanpur – 209203, Uttar Pradesh,
India |
|
|
|
|
Branch Office : |
Located At: ·
Ahmedabad ·
Bengaluru ·
Delhi ·
Kolkata |
|
|
|
|
Overseas Offices : |
Located At: ·
Thailand ·
Indonesia ·
UAE |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vinay Sah |
|
Designation : |
Director |
|
Address : |
Anand Shubh Dham No.9, 7/213, Swaroop Nagar, Kanpur-208002, Uttar
Pradesh, India |
|
Date of Birth/Age : |
23.05.1955 |
|
Date of Appointment : |
01.01.1997 |
|
DIN No.: |
00203790 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U67120UP1993PLC015144 |
LSL EMPLOYEES
HOLDINGS LIMITED |
Director |
25/02/1993 |
25/02/1993 |
Active |
NO |
|
2 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Managing
director |
01/10/2011 |
01/01/1997 |
Active |
NO |
|
Name : |
Mr. Raj Kumar Lohia |
|
Designation : |
Director |
|
Address : |
113/91, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
21.08.1954 |
|
Date of Appointment : |
05.10.1981 |
|
DIN No.: |
00203659 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Managing director |
27/11/2008 |
05/10/1981 |
- |
Active |
NO |
|
2 |
U24139UP1985PLC006983 |
LOHIA SALES AND
SERVICES LIMITED |
Director |
31/01/1985 |
31/01/1985 |
- |
Active |
NO |
|
3 |
U17115UP1987PLC009240 |
LOHIA PACKAGING
MACHINES LIMITED |
Director |
31/12/1987 |
31/12/1987 |
- |
Active |
NO |
|
4 |
U29261UP1995PTC018782 |
KANUPRIYA
ENTERPRISES PRIVATE LIMITED |
Director |
25/09/1995 |
25/09/1995 |
15/05/2010 |
Active |
NO |
|
5 |
U27120MH1971PLC015334 |
ROHIT POLYTEX
LIMITED |
Director |
10/08/1998 |
10/08/1998 |
08/10/2007 |
Active |
NO |
|
6 |
U29261UP2002PLC026468 |
LOHIA FILAMENT
MACHINES LIMITED |
Director |
29/01/2002 |
29/01/2002 |
- |
Active |
NO |
|
7 |
L17229UP1994PLC017199 |
J. K. CEMENT
LIMITED. |
Director |
30/09/2004 |
30/09/2004 |
- |
Active |
NO |
|
8 |
L27100MH1961PLC011936 |
BAJAJ STEEL
INDUSTRIES LIMITED |
Director |
18/10/2007 |
18/10/2007 |
- |
Active |
NO |
|
9 |
U91110UP1932NPL000467 |
MERCHANT CHAMBER
OF UTTAR PRADESH |
Director |
30/09/2009 |
30/09/2009 |
- |
Active |
NO |
|
10 |
U91100DL2012NPL239417 |
PLASTICS
MACHINERY MANUFACTURERS ASSOCIATION OF INDIA |
Director |
27/07/2012 |
27/07/2012 |
- |
Active |
NO |
|
Name : |
Mr. Anurag Kumar Lohia |
|
Designation : |
Director |
|
Address : |
Saket, 3A/88, Azad Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.05.1969 |
|
Date of Appointment : |
27.07.2002 |
|
DIN No.: |
00205680 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51109UP1994PTC016899 |
LOHIA
ENTERPRISES PRIVATE LIMITED |
Director |
07/09/1994 |
07/09/1994 |
10/09/2007 |
Active |
NO |
|
2 |
U24139UP1985PLC006983 |
LOHIA SALES AND
SERVICES LIMITED |
Director |
13/08/1996 |
13/08/1996 |
- |
Active |
NO |
|
3 |
U29236UP1997PTC022404 |
SHRI INDUSTRIES AND
ENGG. WORKS PRIVATE LIMITED |
Director |
01/08/1997 |
01/08/1997 |
13/07/2009 |
Active |
NO |
|
4 |
U19129UP2001PTC025936 |
L R MOULDS
PRIVATE LIMITED |
Director |
14/03/2001 |
14/03/2001 |
10/09/2007 |
Active |
NO |
|
5 |
U29261UP2002PLC026468 |
LOHIA FILAMENT
MACHINES LIMITED |
Director |
29/01/2002 |
29/01/2002 |
- |
Active |
NO |
|
6 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Whole-time
director |
01/10/2011 |
27/07/2002 |
- |
Active |
NO |
|
7 |
U55101UP1974PLC003938 |
PURPLE ENTERTAINMENT
LIMITED |
Director |
31/07/2002 |
31/07/2002 |
14/05/2013 |
Active |
NO |
|
8 |
U18101DL2002PTC117615 |
TEXPLUS FIBRES
PRIVATE LIMITED |
Director |
08/11/2002 |
08/11/2002 |
- |
Active |
NO |
|
9 |
U72200UP2000PTC025199 |
DIVINE WELLNESS PRIVATE
LIMITED |
Director |
28/07/2009 |
15/11/2008 |
- |
Active |
NO |
|
10 |
U70102UP2013PTC056011 |
LOHIA GROUP
HOUSING PRIVATE LIMITED |
Director |
05/04/2013 |
05/04/2013 |
- |
Active |
NO |
|
11 |
U40300UP2013NPL056238 |
LOHIA GROUP ELECTRICITY
CONSUMERS ASSOCIATION |
Director |
17/04/2013 |
17/04/2013 |
10/12/2013 |
Active |
NO |
|
Name : |
Mr. Gopal Chandra Lohia |
|
Designation : |
Director |
|
Address : |
7-153-B, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.07.1937 |
|
Date of Appointment : |
04.04.1983 |
|
DIN No.: |
00203506 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29269UP1982PTC005581 |
LOHIA
ENGINEERING WORKS PRIVATE LIMITED |
Director |
06/03/1982 |
06/03/1982 |
Strike off |
NO |
|
2 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Director |
04/04/1983 |
04/04/1983 |
Active |
NO |
|
3 |
U17116UP1983PLC006119 |
THREADS (INDIA)
LIMITED |
Managing
director |
01/03/2011 |
16/05/1986 |
Active |
NO |
|
4 |
U17115UP1987PLC009240 |
LOHIA PACKAGING MACHINES
LIMITED |
Director |
31/12/1987 |
31/12/1987 |
Active |
NO |
|
Name : |
Mr. Prakash Chandra Joshi |
|
Designation : |
Director |
|
Address : |
C-312, Seikh Sarai, Phase-I, Malaviya Nagar, Delhi-110017, India |
|
Date of Birth/Age : |
14.11.1957 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
01255000 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25209MH1997PTC134840 |
ASB
INTERNATIONAL PRIVATE LIMITED |
Director |
09/06/2006 |
09/06/2006 |
16/08/2007 |
Active |
NO |
|
2 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Whole-time
director |
26/12/2009 |
01/04/2009 |
- |
Active |
NO |
|
Name : |
Mr. Paritosh Kumar Mukherjee |
|
Designation : |
Director |
|
Address : |
Flat No.305, Srishti Apartment, 4/276 B, Parwati Bagla Road, Vishnupuri,
Kanpur-208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.12.1942 |
|
Date of Appointment : |
24.12.2012 |
|
DIN No.: |
06467351 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Whole-time
director |
30/09/2013 |
24/12/2012 |
Active |
NO |
|
Name : |
Mr. Naresh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
J-32, Sarita Vihar, New Delhi-110044, India |
|
Date of Birth/Age : |
15.04.1938 |
|
Date of Appointment : |
24.12.2012 |
|
DIN No.: |
00214602 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
L27106HP1985PLC006378 |
COSMO FERRITES
LIMITED |
Director |
29/01/2004 |
29/01/2004 |
Active |
NO |
|
2 |
U67120UP1987PTC008663 |
ATURA FINANCIAL
SERVICES PRIVATE LIMITED |
Director |
03/04/2007 |
03/04/2007 |
Active |
NO |
|
3 |
U74900DL2011PTC221218 |
BLUE CIRCLE MEDI
SERVICES PRIVATE LIMITED |
Director |
21/06/2011 |
21/06/2011 |
Active |
NO |
|
4 |
U29263UP1981PLC005446 |
LOHIA CORP
LIMITED |
Director |
30/09/2013 |
24/12/2012 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Arvind Kumar Bhargava |
|
Designation : |
Secretary |
|
Address : |
107, Bima Vihar, Lakhanpur, Kanpur-208024, Uttar Pradesh, India |
|
Date of Birth/Age : |
23.03.1963 |
|
Date of Appointment : |
16.05.1995 |
|
PAN No.: |
ACIPB6172E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDERS FILE ATTACHED
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
80.29 |
|
Directors or relatives of Directors |
17.35 |
|
Other top fifty shareholders |
0.37 |
|
Others |
1.99 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Machine for Plastic Bags |
|
|
|
|
Exports : |
|
|
Products : |
Machinery |
|
Countries : |
·
Switzerland ·
Sri Lanka ·
Mexico ·
Kenya ·
Asian Country ·
Middle East
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
China ·
Taiwan ·
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
End Users and Manufacturer |
|
|
|
|
No. of Employees : |
2000 (Approximately) |
|
|
|
|
Bankers : |
·
The Hong Kong and Shanghai Banking Corporation Limited,
Birla Towers, 25, Barakhamba Road, New Delhi-110001, India ·
Canara Bank, 16/98, The Mall, Kanpur-208001,
Uttar Pradesh, India ·
State Bank of India, Overseas Branch, Virendra
Smriti Complex, 15/54-B, Civil Lines, Kanpur-208001, Uttar Pradesh, India ·
Export –Import Bank of India, Centre One
Building, Floor-21, Worl Trade Centre Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India ·
HDFC Bank Limited |
|
|
|
|
Facilities : |
Total Facility
including all banks Cash Credit= Rs.600.000 Millions /
WC= Rs.150.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Pariek and Garg Chartered Accountant |
|
Address : |
33, Anand Bazar, Swaroop Nagar, Kanpur, Uttar Pradesh, India |
|
PAN No.: |
AAAFG6229R |
|
|
|
|
Sister Concern : |
·
Threads India Limited ·
Ingcto Plast Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5075000 |
Equity Shares |
Rs.10/- each |
Rs.50.750
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.750 |
50.750 |
|
(b) Reserves & Surplus |
|
2958.497 |
2541.923 |
|
(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) |
|
3009.247 |
2592.673 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
36.706 |
27.959 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
3.315 |
0.446 |
|
Total Non-current
Liabilities (3) |
|
40.021 |
28.405 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
128.406 |
571.351 |
|
(b) Trade
payables |
|
504.674 |
326.858 |
|
(c) Other
current liabilities |
|
590.242 |
523.830 |
|
(d) Short-term
provisions |
|
12.000 |
16.039 |
|
Total Current
Liabilities (4) |
|
1235.322 |
1438.078 |
|
|
|
|
|
|
TOTAL |
|
4284.590 |
4059.156 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1181.364 |
1000.402 |
|
(ii)
Intangible Assets |
|
74.943 |
41.028 |
|
(iii)
Capital work-in-progress |
|
1.923 |
52.746 |
|
(iv)
Intangible assets under development |
|
1.568 |
2.306 |
|
(b) Non-current Investments |
|
170.350 |
236.120 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
170.049 |
101.448 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1600.197 |
1434.050 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
26.001 |
26.003 |
|
(b)
Inventories |
|
1326.073 |
1439.370 |
|
(c) Trade
receivables |
|
548.372 |
405.069 |
|
(d) Cash and
cash equivalents |
|
265.780 |
255.190 |
|
(e)
Short-term loans and advances |
|
507.932 |
499.111 |
|
(f) Other
current assets |
|
10.235 |
0.363 |
|
Total
Current Assets |
|
2684.393 |
2625.106 |
|
|
|
|
|
|
TOTAL |
|
4284.590 |
4059.156 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.715 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2082.468 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2133.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
479.668 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
479.668 |
|
|
DEFERRED TAX LIABILITIES |
|
|
14.684 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2627.535 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
920.170 |
|
|
Capital work-in-progress |
|
|
36.019 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
177.750 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1201.371 |
|
|
Sundry Debtors |
|
|
539.089 |
|
|
Cash & Bank Balances |
|
|
25.890 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
712.347 |
|
Total
Current Assets |
|
|
2478.697 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
500.565 |
|
|
Other Current Liabilities |
|
|
459.376 |
|
|
Provisions |
|
|
25.160 |
|
Total
Current Liabilities |
|
|
985.101 |
|
|
Net Current Assets |
|
|
1493.596 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2627.535 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6767.327 |
5784.699 |
5473.861 |
|
|
|
Other Income |
41.398 |
44.414 |
200.464 |
|
|
|
TOTAL (A) |
6808.725 |
5829.113 |
5674.325 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
3690.805 |
3353.131 |
3420.678 |
|
|
|
Purchase of Stock In Trade |
332.130 |
10.142 |
0.000 |
|
|
|
Employee benefits expenses |
596.054 |
479.968 |
407.528 |
|
|
|
Other Expenses |
1362.919 |
1155.979 |
1043.820 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
111.947 |
(123.475) |
(105.488) |
|
|
|
TOTAL (B) |
6093.855 |
4875.745 |
4766.538 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
714.870 |
953.368 |
907.787 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.377 |
20.317 |
23.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
703.493 |
933.051 |
884.610 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
166.938 |
166.453 |
172.492 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
536.555 |
766.598 |
712.118 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
201.547 |
240.728 |
241.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
335.008 |
525.870 |
471.029 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
66.01 |
103.62 |
-- |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
6960.000 |
The above information has been parted by Mr. Gaurav Srivastava.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.92
|
9.02 |
8.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.93
|
13.25 |
13.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.05
|
20.35 |
20.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.30 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04
|
0.22 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17
|
1.83 |
2.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
50.750 |
50.750 |
|
Reserves & Surplus |
|
2541.923 |
2958.497 |
|
Net
worth |
|
2592.673 |
3009.247 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
571.351 |
128.406 |
|
Total
borrowings |
|
571.351 |
128.406 |
|
Debt/Equity
ratio |
|
0.220 |
0.043 |
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 |
5473.861 |
5784.699 |
6767.327 |
|
|
|
5.679 |
16.987 |
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
|
5473.861 |
5784.699 |
6767.327 |
|
Profit |
471.029 |
525.870 |
335.008 |
|
|
8.61% |
9.09% |
4.95% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10401340 |
15/01/2013 |
136,620,000.00 |
The Hongkong and Shanghai Banking
Corporation Limited |
Birla House, 25 Barakhamba Road, New
Delhi, Delhi |
B67390690 |
|
2 |
10394295 |
08/03/2013 * |
560,000,000.00 |
The Hongkong and Shanghai Banking
Corporation Limited |
Birla Towers, 25 Barakhamba Road, New
Delhi, Delhi - 110001, India |
B72290372 |
|
3 |
10394292 |
10/12/2012 |
560,000,000.00 |
The Hongkong and Shanghai Banking
Corporation Limited |
Birla Towers, 25, Barakhamba Road, New
Delhi, Delhi - 110001, India |
B64948631 |
|
4 |
90268857 |
03/09/2012 * |
1,552,500,000.00 |
State Bank of India |
Overseas Branch, Virendra Smriti Complex, 15/54
- B, Civil Lines, Kanpur, Uttar Pradesh - 208001, India |
B58576281 |
|
* Date of charge modification |
||||||
FIXED ASSETS
·
Building
·
Land
·
Furniture and Fixtures
·
Motor Vehicles
·
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,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
65 |
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.