MIRA INFORM REPORT
|
Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HIND ALUMINIUM
INDUSTRIES LIMITED (w.e.f. 07.09.2007) |
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Formerly Known
As : |
ASSOCIATED PROFILES AND ALUMINIUM LIMITED |
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Registered
Office : |
B-1, Tulsi Vihar, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
12.05.1987 |
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Com. Reg. No.: |
11-043472 |
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Capital
Investment / Paid-up Capital : |
Rs.63.002 Millions |
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CIN No.: [Company Identification
No.] |
L28920MH1987PLC043472 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Muma20110g |
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PAN No.: [Permanent Account No.] |
Aaaca4671q |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Aluminium Wires and Conductors |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems slight dip in the profit of the company during F.Y.2014
however networth of the company is satisfactory. General financial position
of the company is good. 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 dealing at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
Long term rating=BBB+ |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
10.09.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A2 |
|
Rating Explanation |
Strong degree of safety. It carry low credit
risk. |
|
Date |
10.09.2014 |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-operative (91-22-40457100)
LOCATIONS
|
Registered Office : |
B-1, Tulsi Vihar, Dr. Annie Besant Road, Worli Naka, Mumbai – 400018,
Maharashtra, India |
|
Tel. No.: |
91-22-24945178/ 40457100/ 24971237 |
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Fax No.: |
91-22-24936888/ 24903573 |
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E-Mail : |
infornt@computronicsindia.com |
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Website : |
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Wind Turbine Generations 1 : |
Gut N0.59-1/A, Village; Akhtwade, District
Nandurbar, |
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Wind Turbine
Generations 2 : |
Location No. 275, Survey No.818 of Village
Narasewadi, Taluka Tasgaon, District Sangli, Maharashtra, India |
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Factory : |
Survey No.1/2, Village Khutali, Khanvel -
Doodhani Road, Near Khanvel, District Silvassa – 396230, Dadra and Nagar Haveli
(Union Territory) |
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Tel. No.: |
91-260-2677343/ 3252444/ 3203060/ 2677833 |
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Fax No.: |
91-260-2677361 |
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E-Mail : |
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Minerals Division |
5, Aishwarya Residency,
G.E. Road, Telebandha, Raipur – 492001, Chhattisgarh, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Lalit Kumar Daga |
|
Designation : |
Chairman |
|
Address : |
5-B, Purshottam Bhavan, Little Gibbs Road, Mumbai - 400006,
Maharashtra, India |
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Date of Birth/Age : |
10.10.1942 |
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Date of Appointment : |
12.05.1987 |
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Qualification : |
B Com |
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PAN No.: |
APTPD1808K |
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DIN No.: |
00089905 |
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|
Name : |
Mr. Shailesh Daga |
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Designation : |
Managing Director |
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Address : |
5-B, Purshottam Bhavan, Little Gibbs Road, Mumbai - 400006,
Maharashtra, India |
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Date of Birth/Age : |
19.03.1968 |
|
Date of Appointment : |
12.05.1987 |
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Qualification : |
MBA |
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PAN No.: |
AFDPD9153P |
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DIN No.: |
00074225 |
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|
|
|
Name : |
Mr. Sudhir Goel |
|
Designation : |
Director |
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Address : |
301-B, Sanjeev Enclave, 7 Bunglow, Versova, Andheri (West), Mumbai -
400 026, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1949 |
|
Date of Appointment : |
12.05.1987 |
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Qualification : |
FCA |
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DIN No.: |
00074455 |
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|
Name : |
Mr. Navin Shah |
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Designation : |
Director |
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|
Name : |
Mr. Sundeep Mohta |
|
Designation : |
Director |
|
Address : |
23, Kali Krishna Tagore Street, Kolkata- 700 007, West Bengal, India |
|
Date of Birth/Age : |
03.03.1970 |
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Date of Appointment : |
10.06.2003 |
|
DIN No.: |
00426001 |
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|
Name : |
Mr. Narayan Das Mundhra |
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Designation : |
Director |
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Address : |
Flat No.3-A, Gyan Apartments, Old No.19, New No.38, Venkatraman, T.
Nagar, Chennai - 600017, Tamilnadu, India |
|
Date of Birth/Age : |
30.04.2009 |
|
Date of Appointment : |
05.10.1955 |
|
DIN No.: |
02634287 |
KEY EXECUTIVES
|
Name : |
Mr. Kailash Agarwal |
|
Name : Designation : |
Unit Incharge –Wire Rod & Conductor Division |
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|
Name : |
Mr. Mahendra Kumar Jain |
|
Designation : |
Chief Financial Officer |
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Name : |
Mr. Santosh L.Baghel |
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Designation : |
General Manager-Works; Wire Rod & Conductor Division |
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Name : |
Mr. Prem Sharma |
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Designation : |
General Manager, Marketing - Conductor Division |
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Name : |
Mr. Mahendra H Karia |
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Designation : |
General Manager-Commercial |
SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
(1) Indian |
|
|
|
|
1925360 |
30.56 |
|
|
1988592 |
31.56 |
|
|
3913952 |
62.12 |
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|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
3913952 |
62.12 |
|
(B) Public Shareholding |
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|
|
|
|
|
|
|
|
|
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|
472319 |
7.50 |
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|
|
|
Individual shareholders holding nominal share capital up
to Rs.0.100 Million |
1028066 |
16.32 |
|
Individual shareholders holding nominal share capital in excess
of Rs.0.100 Million |
855380 |
13.58 |
|
|
30483 |
0.48 |
|
|
17094 |
0.27 |
|
|
13389 |
0.21 |
|
|
2386248 |
37.88 |
|
Total Public shareholding (B) |
2386248 |
37.88 |
|
Total (A)+(B) |
6300200 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
6300200 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Lalit Kumar Daga |
5,95,616 |
9.45 |
|
Sheela Daga |
5,54,636 |
8.80 |
|
Raghav Daga |
2,51,276 |
3.99 |
|
Shailesh Daga |
2,50,982 |
3.98 |
|
L K Daga & Sons HUF |
1,10,000 |
1.75 |
|
Lalit Shailesh Daga |
1,07,000 |
1.70 |
|
Rashmi Daga |
55,850 |
0.89 |
|
Associated Aluminium Industries Private Limited |
4,08,244 |
6.48 |
|
Associated Non Ferrous Metals Private Limited |
3,36,850 |
5.35 |
|
Dynavent Airsystems Private Limited |
3,10,000 |
4.92 |
|
Shubhmangal Portfolio Private Limited |
2,99,980 |
4.76 |
|
Nirav Commercials Limited |
2,48,518 |
3.94 |
|
Daga Rubber Works Private Limited |
2,17,500 |
3.45 |
|
Daga Capital Managment Private Limited |
1,67,500 |
2.66 |
|
Total |
39,13,952 |
62.12 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons belonging to the category Public and holding more than
1% of the total number of shares
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Gautam Rasiklal Ashra |
300000 |
4.76 |
|
Anand Rathi Capital Advisor Private Limited |
230000 |
3.65 |
|
Four Dimensions Capital Markets Private Limited |
170000 |
2.70 |
|
Dipak Kanayalal Shah |
75000 |
1.19 |
|
Total |
775000 |
12.30 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aluminium Wires and Conductors |
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Products : |
·
Aluminium Wires ·
Conductors |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· ICICI Bank Limited · Standard Chartered Bank ·
State Bank of India |
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Facilities : |
NOTE: Long Term
Borrowings A] Securities for Term Loans : a) Secured by hypothecation of Lease hold land, Fixed Assets. b) Secured by hypothecation of Motor Cars. c) First and exclusive charge by way of Hypothecation of Plant & Machinery situated at Village Khutali, Khanvel, Silvassa and Factory Land and Building situated at Kachigam Road, Daman. First and exclusive charge by way of Equitable mortgage of Factory Land and Building situated at village Khutali, Khanvel, Silvassa and Kachigam Road, Daman. Second charge by way of Equitable mortgage of Residential property situated at Lalit Vihar, Village Khanvel, Dist. Silvassa. First and exclusive charge by way of Equitable mortgage of Residential property situated at Antony Apts & Swagat Bldg.at Daman, Rajanigandha Apts, Vapi and Lalit Vihar, Silvassa. B] Terms of repayment : a) In equal Quarterly Installment b) Monthly EMI c) 20 equal quarterly installment starting after three months from the date of first disbursement. C] There are no defaults in repayment of loan and interest thereon as on March 31, 2014 for all the loans under this head. Short Term
Borrowings A. First charge by way of hypothecation of entire stock of Raw materials, Work in process, Finished stock & Book debts and second charge on Plant & Machinery, Factory & Residential Building, at Silvassa. B. Secured by way of Pari Passu Charge on all present and future current assets of the Company. C. Secured by Hypothecations of all chargeable current assets of the company on Pari Passu basis with other working capital lenders. First charge by way of Equitable mortgage over Factory land and Hypothecations of Plant & Machinery of the WTG located at No. 275, surve No. 818 of Village Narsewadi, Dist. Sangli. First charge by way of Hypothecation of Plant & Machinery of the company purchased and to be purchased out of bank's finances at Village Khutali, Khanvel, Silvassa. D. There are no defaults in repayment of loan and interest thereon as on March 31, 2014 for all the loans under this head. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
A J Baliya and Associates Chartered Accountants
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|
Address : |
1, Gala Towers, B B Marg, Chinchpokli (East), Mumbai - 400 012,
Maharashtra, India |
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PAN No.: |
AAAFA8300P |
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Membership : |
-- |
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Associates : |
· Associated Aluminium Industries Private Limited · Nirav Commercials Limited · Associated Non-Ferrous Metals Private Limited · Daga Rubber Works Private Limited · Dynavent Airsystems Private Limited · Associated Industries Limited, SFZ. · Shubhmangal Portfolio Private Limited · Daga Capital Management Private Limited · Satyam Prima Capital Private Limited |
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Subsidiary Company
: |
· Hind Power Products Private Limited · Associated Industries Limited, SFZ. |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6300200 |
Equity Shares |
Rs.10/- each |
Rs.63.002 Millions |
|
|
|
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|
A. The reconciliation of the number of Shares outstanding:
|
Equity Shares |
Number of Shares |
|
Number of shares at the beginning |
6300200 |
|
Number of shares at the end |
6300200 |
B. The equity shareholders of the Company are entitled to receive final dividend as declared and approved by the Board of Directors and/or the shareholders of the Company. The dividend so declared will be in proportion to the number of equity shares held by the shareholders.
C. In the event of the liquidation of the Company, equity shareholders will be entitled to receive remaining assets of the company after distribution of all preference shareholders. However, no such Preference share capital exist during the year. The distribution will in proportion to the number of equity shares held by the shareholders.
D. Details of Share Holders holding more than 5% of Equity Shares of the Company as at 31st March, 2014 are as under:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Lalit Kumar Daga |
595616 |
9.45 |
|
Sheela Daga |
545080 |
8.65 |
|
Associated Aluminium Industries Private Limited |
408244 |
6.48 |
|
Associated Non-Ferrous Metals Private Limited |
336850 |
5.35 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
63.002 |
63.002 |
63.002 |
|
(b) Reserves & Surplus |
511.184 |
463.601 |
410.652 |
|
(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) |
574.186 |
526.603 |
473.654 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
39.349 |
46.053 |
41.891 |
|
(b) Deferred tax liabilities (Net) |
33.323 |
27.963 |
33.509 |
|
(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) |
72.672 |
74.016 |
75.400 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
387.693 |
492.732 |
660.252 |
|
(b) Trade payables |
297.404 |
245.802 |
145.179 |
|
(c) Other current liabilities |
95.963 |
70.787 |
46.489 |
|
(d) Short-term provisions |
11.250 |
11.197 |
11.143 |
|
Total Current Liabilities (4) |
792.310 |
820.518 |
863.063 |
|
|
|
|
|
|
TOTAL |
1439.168 |
1421.137 |
1412.117 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
241.987 |
188.044 |
214.164 |
|
(ii) Intangible Assets |
0.517 |
0.606 |
0.613 |
|
(iii) Capital
work-in-progress |
0.000 |
32.064 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
112.249 |
76.859 |
30.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
101.482 |
98.333 |
84.886 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
456.235 |
395.906 |
329.765 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
157.629 |
198.894 |
140.994 |
|
(c) Trade receivables |
713.043 |
656.960 |
706.292 |
|
(d) Cash and cash
equivalents |
78.128 |
131.510 |
206.268 |
|
(e) Short-term loans and
advances |
22.135 |
17.377 |
9.193 |
|
(f) Other current assets |
11.998 |
20.490 |
19.605 |
|
Total Current Assets |
982.933 |
1025.231 |
1082.352 |
|
|
|
|
|
|
TOTAL |
1439.168 |
1421.137 |
1412.117 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4417.657 |
4330.306 |
4072.891 |
|
|
|
Other Income |
31.268 |
46.479 |
33.204 |
|
|
|
TOTAL (A) |
4448.925 |
4376.785 |
4106.095 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3992.200 |
3995.314 |
3633.791 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
2.810 |
(28.393) |
124.953 |
|
|
|
Employee Benefits Expenses |
31.153 |
23.801 |
20.561 |
|
|
|
Other Expenses |
246.884 |
191.047 |
161.815 |
|
|
|
TOTAL (B) |
4273.047 |
4181.769 |
3941.120 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
175.878 |
195.016 |
164.975 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.131 |
77.459 |
53.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
114.747 |
117.557 |
111.417 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION (F) |
35.105 |
30.597 |
29.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
79.642 |
86.960 |
82.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.002 |
22.954 |
16.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
58.640 |
64.006 |
66.021 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.31 |
10.16 |
10.48 |
|
QUARTERLY RESULTS
(Rs.
In Millions)
|
Particulars |
|
30.06.2014 (Unaudited) |
30.09.2014 (Unaudited) |
|
|
|
1st
Quarter |
2nd
Quarter |
|
Net Sales |
|
811.700 |
1008.400 |
|
Total Expenditure |
|
791.000 |
972.900 |
|
PBIDT (Excl OI) |
|
20.800 |
35.600 |
|
Other Income |
|
08.700 |
01.700 |
|
Operating Profit |
|
29.500 |
37.200 |
|
Interest |
|
13.200 |
06.800 |
|
Exceptional Items |
|
0.000 |
0.000 |
|
PBDT |
|
16.300 |
30.400 |
|
Depreciation |
|
07.700 |
08.100 |
|
Profit Before Tax |
|
08.700 |
22.400 |
|
Tax |
|
0.000 |
06.500 |
|
Profit After Tax |
|
08.700 |
15.800 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.33 |
1.48 |
1.62 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.98 |
4.50 |
4.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.00 |
6.63 |
5.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
1.02 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.25 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
63.002 |
63.002 |
63.002 |
|
Reserves & Surplus |
410.652 |
463.601 |
511.184 |
|
Net
worth |
473.654 |
526.603 |
574.186 |
|
|
|
|
|
|
long-term borrowings |
41.891 |
46.053 |
39.349 |
|
Short term borrowings |
660.252 |
492.732 |
387.693 |
|
Total
borrowings |
702.143 |
538.785 |
427.042 |
|
Debt/Equity
ratio |
1.482 |
1.023 |
0.744 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
4072.891 |
4330.306 |
4417.657 |
|
|
|
6.320 |
2.017 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
4072.891 |
4330.306 |
4417.657 |
|
Profit |
66.021 |
64.006 |
58.640 |
|
|
1.62% |
1.48% |
1.33% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS NOT AVAILABLE
|
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 |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Millions |
31.03.2013 Rs.
In Millions |
|
Short Term
Borrowings |
|
|
|
Adiya Birla Finance Limited |
72.739 |
20.747 |
|
|
|
|
|
Total |
72.739 |
20.747 |
REVIEW OF
OPERATIONS
During the year 2013-2014 total revenue of the Company is Rs.4448.900 Millions as compared to Rs.4376.800 Millions in the previous year. The net profit is Rs.58.600 Millions as compared to Rs.64.000 Millions in the previous year.
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2014
Rs. In Millions
|
Particulars |
Quarter ended 30.06.2014 |
|
|
Unaudited |
|
Net Sales/ Income from Operations |
798.680 |
|
Other Operating Income |
13.050 |
|
Total income
from operation |
811.730 |
|
Expenditure |
|
|
a) Cost of Materials Consumed |
760.714 |
|
b) Purchase of Stock in trade |
0.000 |
|
c) Change in inventories of finished goods, work in progress & stock in trade |
(21.157) |
|
d) Employee benefits expense |
8.166 |
|
e) Depreciation and amortization expense |
7.656 |
|
f) Other expenses |
43.233 |
|
Total |
798.612 |
|
Profit from operations
before Other Income, Interest and Exceptional Items (1-2) |
13.118 |
|
Other Income |
8.708 |
|
Profit before Interest and Exceptional Items (3+4) |
21.826 |
|
Interest |
13.156 |
|
Profit after Interest but before Exceptional Items (5-6) |
8.670 |
|
Exceptional Items |
-- |
|
Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) |
8.670 |
|
Tax expense |
-- |
|
Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) |
8.670 |
|
Paid-up equity share capital (Face value of Rs.10/- each) |
63.002 |
|
Reserves excluding Revaluation Reserves as per balance sheet of
previous accounting year |
|
|
Earnings per
share |
|
|
Before Extraordinary items (not annualized) |
|
|
- Basic (Rs.) |
|
|
- Diluted (Rs.) |
|
|
|
|
|
Public Shareholding |
|
|
- No. of shares |
2386051 |
|
- Percentage of shareholding |
37.87 |
|
Promoters and promoter group shareholding |
|
|
Pledged/ Encumbered |
|
|
- No. of shares |
-- |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
-- |
|
- Percentage of shares (as a % of the total share capital of the company) |
-- |
|
Non-encumbered |
|
|
- No. of shares |
3914149 |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
100.00 |
|
- Percentage of shares (as a % of the total share capital of the company) |
62.13 |
|
|
|
|
INVESTOR
COMPLAINTS |
|
|
Pending at the beginning of the quarter |
-- |
|
Received during the quarter |
2 |
|
Disposed during the quarter |
2 |
|
Remaining unresolved at the end of the quarter |
-- |
SEGMENT WISE REVENUE, RESULTS AND
CAPITAL EMPLOYED
Rs. In Millions
|
Particulars |
30.06.2014 (Unaudited) |
|
|
|
|
1.
Segment Revenue |
|
|
a. Aluminium |
804.381 |
|
b. Minerals |
-- |
|
c. Power |
7.349 |
|
Total |
811.730 |
|
Less : Inter Segment Revenue |
-- |
|
Net
Sales |
811.730 |
|
|
|
|
2.
Segment Result |
|
|
a. Aluminium |
6.257 |
|
b. Minerals |
(0.372) |
|
c. Power |
4.346 |
|
Total |
10.231 |
|
Less
: Finance Costs |
1.561 |
|
Profit
before Tax |
8.670 |
|
|
|
|
3. Capital
Employed |
|
|
a. Aluminium |
-- |
|
b. Minerals |
-- |
|
c. Power |
-- |
NOTES:
1.
The Above results have been subjected
to limited reviewed by the Statutory Auditors of the Company, reviewed by the Audit
Committee and approved by the Board of Directors at its meeting held on August
14, 2014.
2.
The above figures are in lakhs except
EPS and Description of Share Holding.
3.
The company has provided depreciation with
reference to the useful lives of tangible assets as specified in schedule II of
the Companies Act, 2013 w.e.f. April 01, 2014, As a result, the charge for
depreciation is of Rs. 7.656 Millions is debited in profit and loss account and
an amount of Rs. 3.195 Millions has been adjusted against general reserve.
4.
The Figures of previous year have been
regrouped/re-arranged wherever necessary.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10297615 |
27/09/2013 * |
997,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B91725911 |
|
2 |
10298512 |
14/06/2011 |
17,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B17327362 |
|
3 |
10243944 |
30/01/2014 * |
380,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B97363212 |
|
4 |
10191960 |
13/12/2011 * |
350,000,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO,
C-38/39, G-BLOCK, BEHIND MCA CLUB, BANDRA-KURLA COMPLEX,BANDRA (E), MUMBAI,
MAHARASHTRA |
B29235405 |
|
5 |
10191964 |
25/11/2009 |
14,400,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, 6TH FLOOR, AKRUTI CENTRE POINT, MIDC CENTRAL ROAD, MUMBAI, MAHARASHTRA - 400093, INDIA |
A74809450 |
|
6 |
10127293 |
05/01/2009 * |
600,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A54453626 |
|
7 |
90214633 |
02/08/2013 * |
351,500,000.00 |
STATE BAK OF INDIA |
MID CORPORATE BRANCH, 1ST FLOOR, SHANTI COMPLEX, GIDC, VAPI, GUJARAT - 396195, INDIA |
B83770057 |
|
8 |
90215396 |
09/06/1994 |
4,500,000.00 |
THE STATE BANK OF INDIA |
SOMNATH INDUSTRIAL ESTATE BRANCH, DAMAN, DAMAN AND DIU, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
· Freehold Land
· Buildings
· Residential Flat
· Office Premises
· Plant & Machinery
· Wind Turbine Generator
· Solar Power Plant
· Electrical Installations
· Furniture and Fixtures
· Office Equipments
· Vehicles
· Computer Software
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 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.61.78 |
|
UK Pound |
1 |
Rs.96.78 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
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 |
YES |
|
--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.