MIRA
INFORM REPORT
|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MUKESH STRIPS LIMITED |
|
|
|
|
Registered
Office : |
Village Dhandari Khurdnear Phase Vii Of Focal, Point |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
31.03.1992 |
|
|
|
|
Com. Reg. No.: |
16-012160 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 34.916 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27310PB1992PLC012160 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and sale of iron and steel products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The profitability of the company is low. The rating also takes into consideration raw material price volatility
as well as foreign exchange fluctuation risk, intense competition and
cyclicality inherent in the steel industry. However, trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
10.01.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk. |
|
Date |
10.01.2014 |
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 DECLINED BY
|
Name : |
Mr. Pradeep Gupta |
|
Designation : |
Office Executive |
|
Contact No.: |
91-161-2537702 |
|
Date : |
27.08.2014 |
LOCATIONS
|
Registered Office : |
Village Dhandari Khurdnear Phase Vii Of Focal, Point Ludhiana,
Ludhiana – 141008, Punjab, India |
|
Tel. No.: |
91-161-2537702 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Office : |
Gill Road, Miller Ganj, Ludhiana - 141003, Punjab India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Krishan Chand Gupta |
|
Designation : |
Director |
|
Address : |
508-B, Aggar Nagar, Ludhiana, Punjab India |
|
Date of Appointment : |
31.03.1992 |
|
DIN No.: |
00057030 |
|
|
|
|
Name : |
Mr. Sandeep Gupta |
|
Designation : |
Whole-time director |
|
Address : |
508-B, Aggar Nagar, Ludhiana, Punjab India |
|
Date of Birth/Age : |
26.10.1968 |
|
Date of Appointment : |
09.12.2002 |
|
DIN No.: |
00159814 |
|
|
|
|
Name : |
Mr. Pardeep Gupta |
|
Designation : |
Director |
|
Address : |
508-B, Aggar Nagar, Ludhiana, Punjab India |
|
Date of Appointment : |
31.03.1992 |
|
DIN No.: |
00159858 |
|
|
|
|
Name : |
Mr. Vinod Kumar Aggarwal |
|
Designation : |
Director |
|
Address : |
Kothi No 22, Sector 6, Panchkula, Haryana, India |
|
Date of Appointment : |
29.09.2001 |
|
DIN No.: |
00584007 |
|
|
|
|
Name : |
Mr. Ashok Kumar Gupta |
|
Designation : |
Director |
|
Address : |
926/1, Deep Nagar, Ludhiana, Punjab India |
|
Date of Appointment : |
09.12.2002 |
|
DIN No.: |
01299243 |
|
|
|
|
Name : |
Mr. Arun Goyal |
|
Designation : |
Director |
|
Address : |
3993, Urban Estate, Jawaddi Road, Ludhiana, Punjab India |
|
Date of Appointment : |
09.12.2002 |
|
DIN No.: |
01408446 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Gupta |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
464975 |
12.70 |
|
|
1099250 |
30.03 |
|
|
1564225 |
42.74 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
1564225 |
42.74 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
158040 |
4.32 |
|
|
|
|
|
|
1872803 |
51.17 |
|
|
59500 |
1.63 |
|
|
5432 |
0.15 |
|
|
4294 |
0.12 |
|
|
1138 |
0.03 |
|
|
2095775 |
57.26 |
|
Total Public shareholding (B) |
2095775 |
57.26 |
|
Total (A)+(B) |
3660000 |
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) |
3660000 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and sale of iron and steel products. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
State Bank of India, SCB Miller Ganj, Pahwa Hospital
Complex, Ludhiana - 141003, Punjab, India |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Vinod Kumar and Associates Chartered Accountants |
|
Address : |
7, II Floor, Surya Shopping Arcade, National Road, Ghumar Mandi, Ludhiana, Punjab, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABIPG5833C |
|
|
|
|
Associates: |
Jay Ambey Knitters Private Limited, India [U74899DL1993PTC054922] |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 100.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 84.916
Million
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3660000 |
Equity Shares |
Rs.10/- each |
Rs. 36.600 Millions |
|
6340000 |
Preference Shares |
Rs.10/- each |
Rs. 63.400
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3660000 |
Equity Shares |
Rs.10/- each |
Rs. 36.600 Millions |
|
127500 |
Preference Shares |
Rs.10/- each |
Rs. 1.275
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 37.875 Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3660000 |
Equity Shares |
Rs.10/- each |
Rs. 36.600 Millions |
|
6340000 |
Preference Shares |
Rs.10/- each |
Rs. 63.400
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3660000 |
Equity Shares |
Rs.10/- each |
Rs. 36.600 Millions |
|
127500 |
Preference Shares |
Rs.10/- each |
Rs. 1.275 Millions |
|
295940 |
Less : Calls in Arrears |
Rs.10/- each |
Rs. 2.959 Millions |
|
|
Total |
|
Rs. 34.916
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
34.916 |
34.916 |
34.916 |
|
(b) Reserves & Surplus |
30.104 |
28.219 |
26.998 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
50.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
115.020 |
63.135 |
61.914 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
23.000 |
41.076 |
0.076 |
|
(b) Deferred tax liabilities (Net) |
1.893 |
2.076 |
2.410 |
|
(c) Other long term liabilities |
0.000 |
8.100 |
8.100 |
|
(d) long-term provisions |
0.493 |
0.476 |
0.483 |
|
Total Non-current Liabilities (3) |
25.386 |
51.728 |
11.069 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
110.741 |
81.028 |
91.303 |
|
(b) Trade payables |
150.760 |
156.343 |
80.267 |
|
(c) Other current liabilities |
4.047 |
2.938 |
20.149 |
|
(d) Short-term provisions |
7.273 |
8.147 |
3.434 |
|
Total Current Liabilities (4) |
272.821 |
248.456 |
195.153 |
|
|
|
|
|
|
TOTAL |
413.227 |
363.319 |
268.136 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
29.372 |
31.698 |
29.457 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.809 |
2.809 |
2.809 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.475 |
75.927 |
13.876 |
|
(e) Other Non-current assets |
0.362 |
0.332 |
0.299 |
|
Total Non-Current Assets |
38.018 |
110.766 |
46.441 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
79.902 |
60.053 |
59.995 |
|
(c) Trade receivables |
207.379 |
160.225 |
131.098 |
|
(d) Cash and cash equivalents |
37.702 |
26.150 |
19.334 |
|
(e) Short-term loans and advances |
47.958 |
3.625 |
4.675 |
|
(f) Other current assets |
2.268 |
2.500 |
6.593 |
|
Total Current Assets |
375.209 |
252.553 |
221.695 |
|
|
|
|
|
|
TOTAL |
413.227 |
363.319 |
268.136 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
667.932 |
569.773 |
416.305 |
|
|
Other Income |
5.842 |
2.967 |
1.806 |
|
|
TOTAL (A) |
673.774 |
572.740 |
418.111 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
570.338 |
455.535 |
321.765 |
|
|
Purchases of Stock-in-Trade |
0.000 |
14.889 |
0.282 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2.236 |
3.814 |
4.440 |
|
|
Employees benefits expense |
4.073 |
4.370 |
3.226 |
|
|
Other expenses |
72.176 |
74.042 |
74.057 |
|
|
TOTAL (B) |
648.823 |
552.650 |
403.770 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C) |
24.951 |
20.090 |
14.341 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
19.354 |
13.883 |
7.270 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
5.597 |
6.207 |
7.071 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2.365 |
3.094 |
2.360 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
3.232 |
3.113 |
4.711 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.348 |
1.892 |
1.545 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.884 |
1.221 |
3.166 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
0.52 |
0.33 |
0.86 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.28 |
0.21 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.48 |
0.55 |
1.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.79 |
0.86 |
1.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.04 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.16 |
1.93 |
1.47 |
|
|
|
0.28 |
0.21 |
0.76 |
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
34.916 |
34.916 |
34.916 |
|
Reserves & Surplus |
26.998 |
28.219 |
30.104 |
|
Share Application money pending allotment |
0.000 |
0.000 |
50.000 |
|
Net
worth |
61.914 |
63.135 |
115.020 |
|
|
|
|
|
|
long-term borrowings |
0.076 |
41.076 |
23.000 |
|
Short term borrowings |
91.303 |
81.028 |
110.741 |
|
Total
borrowings |
91.379 |
122.104 |
133.741 |
|
Debt/Equity ratio |
1.476 |
1.934 |
1.163 |
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) |
|
Revenue from operations |
416.305 |
569.773 |
667.932 |
|
|
|
36.864 |
17.228 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
416.305 |
569.773 |
667.932 |
|
Profit/(Loss) After Tax |
3.166 |
1.221 |
1.884 |
|
|
0.76% |
0.21% |
0.28% |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
RESULTS OF OPERATIONS
During the year, the company recorded total revenues of Rs.673.774 Millions comprising of other revenues of Rs.5.842 Millions as compared to Rs. 572.740 Millions in the previous financial year. The profits after tax for the year increased to Rs.1.885 Millions as against Rs.1.220 Millions in the previous year. The directors expect better results in future as well.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
23.000 |
23.000 |
|
Deposits from others |
0.000 |
10.000 |
|
Loans and advances from others |
0.000 |
8.076 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
110.741 |
81.028 |
|
Total |
133.741 |
122.104 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80014955 |
27/02/2012 * |
160,000,000.00 |
STATE BANK OF INDIA |
SCB MILLER GANJ, PAHWA HOSPITAL COMPLEX, LUDHIANA, PUNJAB - 141003, INDIA |
B36235737 |
* Date of charge modification
UNAUDITED FINANCIAL RESULTS FOR THE YEAR QUARTER 30.06.2014
(Rs. In Millions)
|
|
Quarter Ended |
Year Ended |
||
|
|
30.06.201 (Unaudited) |
31.03.2014 (audited) |
30.06.2013 (Unaudited) |
31.03.2014 (audited) |
|
1.
Income from operations |
|
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
107.735 |
281.750 |
132.016 |
634.741 |
|
b) Other operating income |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
income from Operations(net) |
107.735 |
281.750 |
132.016 |
634.741 |
|
2.Expenditure |
|
|
|
|
|
a) Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
0.000 |
(9.848) |
0.000 |
(9.848) |
|
b) Cost of material consumed |
91.574 |
256.497 |
114.898 |
553.420 |
|
c) Employees benefit expenses |
0.477 |
(0.049) |
0.600 |
2.972 |
|
d) Depreciation and amortization expenses |
0.564 |
0.481 |
0.600 |
2.254 |
|
e) Power and fuel |
13.955 |
39.616 |
10.160 |
77.431 |
|
f) Other expenditure |
106.570 |
286.697 |
126.258 |
626.229 |
|
3. Profit from operations before other income and
financial costs |
1.166 |
(4.947) |
5.758 |
8.512 |
|
4. Other income |
0.281 |
2.583 |
0.348 |
3.377 |
|
5. Profit from ordinary activities before finance costs |
1.447 |
(2.364) |
6.106 |
11.889 |
|
6. Finance costs |
3.810 |
3.042 |
5.207 |
14.918 |
|
7. Profit before exceptional Items and Tax |
(2.364) |
(5.406) |
0.899 |
(3.029) |
|
6. Exceptional Items |
0.000 |
0.995 |
0.000 |
0.000 |
|
9. Profit before tax |
(2.364) |
(4.411) |
0.899 |
(3.029) |
|
10.Tax expenses |
0.000 |
0.000 |
0.250 |
(0.215) |
|
11.Net
Profit for the Period |
(2.364) |
(4.11) |
0.649 |
(2.814) |
|
14.Paid-up
equity share capital (Nominal value Re. 10/- per share) |
33.640 |
33.640 |
33.640 |
33.640 |
|
ii) Earnings per share (after extraordinary items) |
|
|
|
|
|
(a) Basic |
(0.64) |
(1.20) |
0.19 |
(0.77) |
|
diluted |
(0.64) |
(1.20) |
0.19 |
(0.77) |
|
A. Particulars of shareholding |
|
|
|
|
|
1. Public Shareholding |
|
|
|
|
|
- Number of shares |
2095775.00 |
2095775.00 |
2095775.00 |
2095775.00 |
|
- Percentage of shareholding |
57.26% |
57.26% |
57.26% |
57.26% |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
|
Number of shares |
0.000 |
0.000 |
0.000 |
0.000 |
|
Percentage of shares (as a % of total shareholding of the promoter
and promoter group) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Percentage of shares (as a % of total share capital of the
company) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
|
Number of shares |
1564225.00 |
1564225.00 |
1564225.00 |
1564225.00 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
100.00% |
100.00% |
100.00% |
100.00% |
|
Percentage of shares (as a % of total share capital of the
company) |
42.74% |
42.74% |
42.74% |
42.74% |
|
*Excludes shares represebted by Global Depository
Receipts. |
|
|
|
|
|
B.
Investor Complaints |
|
|
Pending at the beginning of the quarter |
NIL |
|
Receiving during the quarter |
0 |
|
Disposed of during the quarter |
0 |
|
Remaining unreserved at the end of the quarter |
Nil |
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Other equipments
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,
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 |
|
|
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.