MIRA
INFORM REPORT
|
Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
STARLITE COMPONENTS LIMITED |
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Registered
Office : |
64 – B-1, M.I.D.C. Area, Satpur, |
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Country : |
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Financials (as
on) : |
31.03.2014 [9 Months] |
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Date of
Incorporation : |
13.11.1991 |
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Com. Reg. No.: |
11-063980 |
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Capital
Investment / Paid-up Capital : |
Rs. 68.040 Millions |
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CIN No.: [Company
Identification No.] |
L31200MH1991PLC063980 |
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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
: |
The company is engaged in manufacturing and selling of Electronic
Ballast and LED Products. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Sick Unit |
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Payment Behaviour : |
--- |
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Litigation : |
--- |
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Comments : |
The subject has declared as a sick unit by Board for Industrial and
Financial Reconstruction. The networth of the company has been fully eroded. The management has register case (Case No. 59 2005) with Board for
Industrial and Financial Reconstruction 3 (1) (0) of sick industrial
companies act 1985. However, BIFR has approved the Sanctioned Scheme for Rehabilitation of
the company vide their letter dated 10th October 2013 and received
on 25th November 2013. Business is active. Payment terms are slow and delayed. The company can be considered for business dealings on a fully safe
and secured 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now beginning
to impact consumption. This may indeed be bad news for an economy that is
struggling to transition from an investment-driven export-oriented economy to a
domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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-Cooperative
Contact No. : 91-253-2309019
LOCATIONS
|
Registered
Office / Factory : |
64 – B 1, M.I.D.C. Area, Satpur, Trimbak Road, Nashik – 422007,
Maharashtra, India |
|
Tel. No.: |
91-253 – 2309016 / 2309019 |
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Fax No.: |
91-253-2309017 |
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E-Mail : |
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Website : |
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Factory 2 : |
Survey No. 9/2/2, Besides Tiger Hill Hotel, Village ‐ Vilholi, Nashik
– 422010, Maharashtra, India |
DIRECTORS
AS ON 30.06.2013
|
Name : |
Dr. Smt. Rochana Bharati |
|
Designation : |
Chairperson |
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Name : |
Mr. Arvind Bharati |
|
Designation : |
Managing Director |
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Name : |
Mr. G. K. Srikantan |
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Designation : |
Director |
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Name : |
Mr. Kannan Ranganathan |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2014
|
Category of
Shareholder |
Total No. of
Shares |
Total
Shareholding as a % of Total No. of Shares |
|
|
|
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|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
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|
2246458 |
44.89 |
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|
120000 |
2.40 |
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|
2366458 |
47.29 |
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|
Total
shareholding of Promoter and Promoter Group (A) |
2366458 |
47.29 |
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(B)
Public Shareholding |
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|
|
|
|
|
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|
400 |
0.01 |
|
|
400 |
0.01 |
|
|
|
|
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|
180456 |
3.61 |
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|
|
|
|
|
2367007 |
47.30 |
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|
89679 |
1.79 |
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|
4759 |
0.10 |
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|
84920 |
1.70 |
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|
2637142 |
52.70 |
|
Total
Public shareholding (B) |
2637542 |
52.71 |
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Total
(A)+(B) |
5004000 |
100.00 |
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(C)
Shares held by Custodians and against which Depository Receipts have been
issued |
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|
0 |
0.00 |
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0 |
0.00 |
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0 |
0.00 |
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Total
(A)+(B)+(C) |
5004000 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal
share capital up to Rs. 0.100 Million
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in manufacturing and selling of Electronic
Ballast and LED Products. |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
GENERAL INFORMATION
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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 : |
·
CITI Bank N. A. ·
State Bank of India ·
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
HMA and Associates Chartered Accountants |
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Address : |
Pune, Maharashtra, India |
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Enterprises and
relatives of key management where transactions have taken place: |
·
M/s. Solarcopyer Limited ·
Mrs. Ashu Bharati ·
Ravindra Bharati ·
M/s. Universal Traders ·
M/s. Chetana Enterprises ·
Starlite Lighting Limited ·
M/s. Filaments and Filaments ·
M/s. Reprolite Papers (I) Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital : Not
Available
Issued, Subscribed & Paid-up Capital : Rs.68.040 Millions
As
on 30.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90,00,000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Millions |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84300000 |
Equity Shares |
Rs.10/- each |
Rs.84.300 Millions |
|
|
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|
Reconciliation of the shares
outstanding at the beginning and at the end of reporting period
(Disclosure pursuant to Note no.
6(A)(d) of Part I of Schedule VI to the Companies Act, 1956)
As on
30.06.2014
|
Particulars |
No. of Shares |
Amount in
Millions |
|
Equity Shares |
|
|
|
At the beginning of period Issued during the period |
8,430,000.00 |
84.300 |
|
Fresh issue for cash |
0 |
0.000 |
|
Bonus shares |
0 |
0.000 |
|
Outstanding at the end of period |
8,430,000.00 |
84.300 |
Rights attached to Equity shares
(Disclosure pursuant to Note no. 6(A)(e) of
Part I of Schedule VI to the Companies Act, 1956)
The company has
only one class of equity shares having a par value of Rs. 10/- per share. Each Holder
of equity
shares is entitled
to one vote per share. The dividend proposed by the board of directors is
subject on the approval of the shareholders in the ensuing Annual General
Meeting.
Shares held by Holding / ultimate
Holding company and / or their subsidiaries / associates
Shares held by Holding / ultimate Holding company and / or their
subsidiaries / associates (Disclosure pursuant to Note no. 6(A) (f) of Part I
of Schedule VI to the Companies Act, 1956)
Equity Shares issued
by the company and held by Holding company, ultimate Holding company and their
Subsidiaries / associates are NIL
Details of shareholders holding more than 5% shares
in the company
(Disclosure pursuant to Note no.
6(A)(g) of Part I of Schedule VI to the Companies Act, 1956)
|
Particulars |
No. of Shares |
% of holding |
|
|
|
|
|
Equity shares of Rs. 10/- each fully paid Smt. Rochana Bharati |
924,000.00 |
10.96% |
Shares reserved for issue under
options ‐ NIL
(Disclosure
pursuant to Note no. 6(A)(h) of Part I of Schedule VI to the Companies Act,
1956)
Aggregate number off onus shares
issued, shares issued for consideration other than cash and shares bought back
during the period of 5 years immediately preceding the reporting date
|
Particulars |
30th
June 2013 |
|
Equity shares allotted as fully paid bonus shares |
0.00 |
|
Equity shares allotted as fully
paid pursuant to contract for consideration other than cash |
0.00 |
|
Equity shares bought back |
0.00 |
Securities convertible into equity/preference shares
issued ‐ NIL
Calls unpaid ‐ NIL
Forfeited shares ‐ NIL
LISTING DETAILS:
|
|
BSE : 517548 NSE : -- |
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ISIN No.: |
INE035C01014 |
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Stock Exchange Place : |
Ø
The Stock Exchange, Mumbai |
|
Listed Date : |
Not Available |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 (9
months) |
30.06.2013 |
30.06.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
68.040 |
84.300 |
84.300 |
|
(b) Reserves & Surplus |
(160.785) |
(210.213) |
(159.002) |
|
(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) |
(92.745) |
(125.913) |
(74.702) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
81.296 |
89.479 |
78.730 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.647 |
4.697 |
0.662 |
|
(d) long-term provisions |
0.757 |
1.172 |
1.061 |
|
Total
Non-current Liabilities (3) |
84.700 |
95.348 |
80.453 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
194.245 |
161.186 |
89.665 |
|
(c) Other current liabilities |
159.396 |
154.345 |
111.612 |
|
(d) Short-term provisions |
1.245 |
1.225 |
0.744 |
|
Total
Current Liabilities (4) |
354.886 |
316.756 |
202.021 |
|
|
|
|
|
|
TOTAL |
346.841 |
286.191 |
207.772 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
43.552 |
18.550 |
18.558 |
|
(ii) Intangible Assets |
0.000 |
0.668 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
12.951 |
6.858 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.657 |
2.657 |
0.925 |
|
(c) Deferred tax assets (net) |
9.101 |
0.562 |
3.055 |
|
(d) Long-term Loan and Advances |
11.441 |
11.455 |
11.361 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
66.751 |
46.843 |
40.757 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
102.483 |
75.921 |
52.380 |
|
(c) Trade receivables |
120.081 |
113.885 |
78.206 |
|
(d) Cash and cash equivalents |
0.247 |
0.151 |
0.148 |
|
(e) Short-term loans and
advances |
0.150 |
0.150 |
0.150 |
|
(f) Other current assets |
57.129 |
49.241 |
36.131 |
|
Total
Current Assets |
280.090 |
239.348 |
167.015 |
|
|
|
|
|
|
TOTAL |
346.841 |
286.191 |
207.772 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (9
months) |
30.06.2013 |
30.06.2012 |
|
|
SALES |
|
|
|
|
|
Income |
137.131 |
377.745 |
306.926 |
|
|
Other Income |
0.086 |
0.132 |
0.256 |
|
|
TOTAL
(A) |
137.217 |
377.877 |
307.182 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
99.805 |
350.435 |
303.658 |
|
|
Purchases of Stock-in-Trade |
32.749 |
32.742 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(17.329) |
(22.684) |
(18.827) |
|
|
Employees benefits expense |
8.825 |
11.629 |
5.896 |
|
|
Other expenses |
19.346 |
34.611 |
34.995 |
|
|
Exceptional items |
0.000 |
(1.732) |
0.000 |
|
|
TOTAL
(B) |
143.396 |
405.001 |
325.722 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(6.179) |
(27.124) |
(18.540) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.351 |
20.205 |
27.363 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(8.530) |
(47.329) |
(45.903) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.161 |
1.389 |
1.117 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(9.691) |
(48.718) |
(47.020) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
(8.540) |
2.493 |
(3.055) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(1.151) |
(51.211) |
(43.965) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
328.950 |
257.679 |
|
|
Capital Goods |
NA |
0.135 |
4.801 |
|
|
Others |
NA |
0.001 |
0.000 |
|
|
TOTAL
IMPORTS |
NA |
329.086 |
262.480 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
|
Basic |
(0.09) |
(6.07) |
(5.22) |
|
|
Diluted |
(0.15) |
(6.07) |
(5.22) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (9
months) |
30.06.2013 |
30.06.2012 |
|
PAT / Total Income |
(%) |
(0.84) |
(13.55) |
(14.31) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(7.07) |
(12.90) |
(15.32) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.89) |
(18.04) |
(23.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.39 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(0.88) |
-0.71 |
(1.05) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.79 |
0.76 |
0.83 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.06.2012 |
30.06.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
84.300 |
84.300 |
68.040 |
|
Reserves & Surplus |
(159.002) |
(210.213) |
(160.785) |
|
Net
worth |
(74.702) |
(125.913) |
(92.745) |
|
|
|
|
|
|
long-term borrowings |
78.730 |
89.479 |
81.296 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
78.730 |
89.479 |
81.296 |
|
Debt/Equity
ratio |
(1.054) |
(0.711) |
(0.877) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.06.2012 |
30.06.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
306.926 |
377.745 |
137.131 |
|
|
|
23.074 |
(63.697) |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.06.2012 |
30.06.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
306.926 |
377.745 |
137.131 |
|
Profit |
(43.965) |
(51.211) |
(1.151) |
|
|
(14.32%) |
(13.56%) |
(0.84%) |
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 |
----- |
|
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 |
No |
|
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 |
80064193 |
09/02/2012 * |
7,000,000.00 |
SOLAR COPYER
LIMITED |
102, 1ST FLOOR, URVASHI,
3, JAORA COMPOUND, INDORE, MADHYA PRADESH - 452001, INDIA |
B35833664 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
30.06.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Inter Corporate deposit From Solarcopyer Ltd. (Unsecured portion including Interest of Rs. 1.038 Millions) |
NA |
77.914 |
|
Deferred
Payment liabilities |
|
|
|
Deferred BST/CST liability as per assessment |
NA |
2.150 |
|
|
|
|
|
Total |
NA |
80.064 |
STATEMENT OF UNAUDITED RESULT FOR THE QUARTER YEAR
ENDED 30TH JUNE 2014
(RS. IN MILLIONS)
|
Particulars |
|
|
|
|
|
|
Quarter Ended |
|
|
|
|
30.06.2014 |
|
|
|
|
|
Unaudited |
|
Part - I |
|
|
|
|
1. Income from Operations |
|
|
|
|
(a) Net
Sales/Income from Operations
(Net of Excise Duty) |
|
|
32.159 |
|
(b) Other Operating
Income |
|
|
0.000 |
|
Total Income from Operation |
|
|
32.159 |
|
|
|
|
|
|
2. Expenses |
|
|
|
|
(a) Cost of materials
consumed |
|
|
27.226 |
|
Purchase stock in trade |
|
|
1.294 |
|
(b} Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
|
|
(5.847) |
|
(c] Employee benefits
expense |
|
|
4.018 |
|
(d) Depreciation and
amortization expense |
|
|
0.553 |
|
(c) Other expenses |
|
|
6.689 |
|
Total Expenses |
|
|
33.933 |
|
|
|
|
|
|
3. Profit/(Loss) from
Operations before Other Income, finance cost* and Exceptional Items (1-2) |
|
|
(1.774) |
|
|
|
|
|
|
4. Other income |
|
|
0.032 |
|
|
|
|
|
|
6. Profit/(Loss) from
ordinary activities before finance costs and exceptional Items (3+4) |
|
|
(1.742) |
|
|
|
|
|
|
6. Finance Costs |
|
|
2.140 |
|
|
|
|
|
|
7. Profit/(Loss) from ordinary
activities after finance costs but before exceptional items (5-6) |
|
|
(3.882) |
|
|
|
|
|
|
8. Exceptional Hems |
|
|
0.000 |
|
|
|
|
|
|
9. Profit/(Loss) from
ordinary activities before tax (7-8) |
|
|
(3.882) |
|
|
|
|
|
|
10. Tax Expense |
|
|
0.000 |
|
|
|
|
|
|
11. Net Profit/(Loss) for
the period (9-10) |
|
|
(3.882) |
|
|
|
|
|
|
12. Extraordinary Item |
|
|
0.000 |
|
|
|
|
|
|
13. Net Profit/(Loss)
after taxes, minority Interest and Share of Profit/(Loss) |
|
|
(3.882) |
|
|
|
|
|
|
14. Paid-up Equity Share
Capital (Pace Value per share : Rs.10/- |
|
|
50.040 |
|
|
|
|
|
|
15. Reserves excluding
Revolution Reserve as per balance sheet of previous accounting year |
|
|
|
|
|
|
|
|
|
16. Earning* per share of
Rs.2/- each (Not Annualised): |
|
|
|
|
Basic |
|
|
(0.78) |
|
Diluted |
|
|
(0.31) |
|
|
|
|
|
|
A. PARTICULARS OF
SHAREHOLDING |
|
|
|
|
Public shareholding |
|
|
|
|
Number of shares |
|
|
2637542 |
|
Percentage of
Shareholding |
|
|
52.71% |
|
|
|
|
|
|
Promoters and Promoter Group Shareholding |
|
|
|
|
Pledged /encumbered |
|
|
|
|
Number of shares |
|
|
Nil |
|
Percentage of shares (as
a % of the total shareholding of promoter and promoter group) |
|
|
Nil |
|
Percentage of shares (as
a % of the total share capital of the company) |
|
|
Nil |
|
|
|
|
|
|
Non-encumbered |
|
|
|
|
Number of shares |
|
|
2366458 |
|
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) |
|
|
47.29% |
|
B |
INVESTOR COMPLAINTS
: Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the quarter |
1 Nil 1 Nil |
Note :
·
The above unaudited financial
results were review by the audited committee and approved by the board of
directors at its meeting held on 14.08.2014 and limited review have been
carried out by the Statutory Auditors of the company.
·
The rehabilitation Scheme
has been Sanctioned by Hon’ble BIFR and the same is under implementation.
·
The company is operating
in a single segment electronic products manufacturing and accordingly, is not
required to publish segment results.
·
Pervious year/period
figures have been regrouped and rearranged wherever necessary. The figures of
quarter ended 31.03.2014 are the balancing figure between audited figures in
respect of the nine months and the year to date figures up to second quarter of
the financial year.
FIXED ASSETS:
Tangible
Assets
·
Land
·
Leasehold Land
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Electric Generator
·
Computer
·
Office Equipment
·
Furniture and Fixtures
·
Vehicles
Intangible
Assets
·
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.60.47 |
|
UK Pound |
1 |
Rs.100.35 |
|
Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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.