MIRA
INFORM REPORT
|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRIDENT TOOLS LIMITED (w.e.f. 17.01.2011) |
|
|
|
|
Formerly Known
As : |
MAGICUT TOOLS LIMITED |
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Registered
Office : |
Survey No. 26, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
29.04.1982 |
|
|
|
|
Com. Reg. No.: |
11-027046 |
|
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Capital
Investment / Paid-up Capital : |
Rs.117.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L29220MH1982PLC027046 |
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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 and Exporter of HSS Tool Bits, Hacksaws and Band Saws
Blades. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and low reserves of the company. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some caution.
Note: The shares of the subject company is not traded on BSE and NSE
from last 30 days. |
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
NEWS
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 |
Inadequate credit quality and high credit
risk. |
|
Date |
11 April, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A4“ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
11 April, 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-Cooperative
Contact No.: 91-22-28847191
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 26, Tembhode Shirgaon Road, Dhansar Village, Palghar, Thane
– 401404, Maharashtra, India |
|
Tel. No.: |
91-22-28847191 |
|
Mobile No.: |
91-9820014823 (Mr. Sameer Bhosale) |
|
Fax No.: |
91-22-28462388 |
|
E-Mail : |
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|
Website : |
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|
Area : |
2000 sq ft |
|
Location : |
Owned |
|
|
|
|
Head Office : |
Hercules Industrial Estate, A.C. Road, Ashok Nagar, Kandivli (East),
Mumbai – 400101, Maharashtra, India |
|
Tel. No.: |
91-22-28847191/ 32539213 |
|
Fax No.: |
91-22-28462388/ 28861795 |
|
Area : |
1 Acre |
|
Location : |
Owned |
DIRECTORS
AS ON: 31.03.2013
|
Name : |
Mr. Narendra R. Gupta |
|
Designation : |
Chairman and Whole Time Director |
|
|
|
|
Name : |
Mr. Ravi N. Gupta |
|
Designation : |
Managing Director and Compliance Officer |
|
|
|
|
Name : |
Mr. Suresh Bhandary |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Satish Marathe |
|
Designation : |
Independent Director |
KEY EXECUTIVES
|
Audit Committee : |
· Suresh Bhandary - Chairman ·
Satish Marathe - Member ·
Narendra R. Gupta - Member |
|
|
|
|
Investor Grivance Committee : |
·
Satish Marathe - Chairman ·
Suresh Bhandary – Member ·
Narendra R. Gupta - Member |
|
|
|
|
Remuneration Committee |
·
Narendra R. Gupta – Chairman ·
Satish Marathe – Member ·
Suresh Bhandary – Member |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.06.2014
|
Category of Shareholder |
Total No. of Shares |
Total
Shareholding as a % of Total No. of Shares |
|
|
|
|
|
(A)
Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
3819580 |
56.59 |
|
|
3819580 |
56.59 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
3819580 |
56.59 |
|
|
|
|
|
(B)
Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
2237655 |
33.15 |
|
|
|
|
|
|
555506 |
8.23 |
|
|
135159 |
2.00 |
|
|
2100 |
0.03 |
|
|
2100 |
0.03 |
|
|
2930420 |
43.41 |
|
Total
Public shareholding (B) |
2930420 |
43.41 |
|
|
|
|
|
Total
(A)+(B) |
6750000 |
100.00 |
|
|
|
|
|
(C) Shares
held by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total
(A)+(B)+(C) |
6750000 |
100.00 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal share
capital up to Rs. 0.100 Million 
Shareholding
belonging to the category "Promoter and Promoter Group
|
No. |
Name of the Shareholder |
Details of Shares held |
Total
shares (including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
|||
|
1 |
Sita Narendra Gupta |
5,62,400 |
8.33 |
8.33 |
|
2 |
Sheetal Ravi Gupta |
4,67,660 |
6.93 |
6.93 |
|
3 |
Ravi Narendra Gupta |
11,08,100 |
16.42 |
16.42 |
|
4 |
Greesha Ravi Gupta |
4,75,000 |
7.04 |
7.04 |
|
5 |
Harshwardhan Ravi Gupta |
4,76,050 |
7.05 |
7.05 |
|
6 |
Narendra Rameshchandra Gupta
HUF |
3,09,200 |
4.58 |
4.58 |
|
7 |
Ravi N Gupta HUF |
4,21,170 |
6.24 |
6.24 |
|
|
Total |
38,19,580 |
56.59 |
56.59 |
Shareholding
belonging to the category "Public" and holding more than 1% of the
Total No. of Shares
|
No. |
Name of the Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
Total
shares (including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
1 |
Axis Tools and Engineering Co Private
Limited |
778787 |
11.54 |
11.54 |
|
|
2 |
Shital Mehul Muchhala |
101175 |
1.50 |
1.50 |
|
|
3 |
Ultracut Tools Private Limited |
599871 |
8.89 |
8.89 |
|
|
4 |
Vulcan Tools Private Limited |
847503 |
12.56 |
12.56 |
|
|
|
Total |
2327336 |
34.48 |
34.48 |
Shareholding
belonging to the category "Public" and holding more than 5% of the
Total No. of Shares
|
No. |
Name(s) of the shareholder(s) and the
Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of Total No. of Shares |
Total
shares (including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
1 |
Axis Tools & Engineering
Co Private Limited |
778787 |
11.54 |
11.54 |
|
|
2 |
Ultracut Tools Private Limited |
599871 |
8.89 |
8.89 |
|
|
3 |
Vulcan Tools Private Limited |
847503 |
12.56 |
12.56 |
|
|
|
Total |
2226161 |
32.98 |
32.98 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of HSS Tool Bits, Hacksaws and Band Saws
Blades. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
Punjab National Bank, 8 Cama Industrial Estate, Walbhat Road, Goregaon
(East), Mumbai – 400063, Maharashtra, India Tel. No.: 91-22-26851099 |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Girish Patel and Company Chartered Accountants |
|
Address : |
F-103/104, Patel
Nagar, M.G. Road, Kandivali (West) Mumbai - 400067, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 140.400 Millions
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6750000 |
Equity Shares |
Rs.10/- each |
Rs. 67.500
Millions |
|
4950000 |
Share Capital Suspense Account |
Rs.10/- each |
Rs. 49.500
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.117.000 Millions |
Disclosure pursuant to Note no. 6(A)(d) of Part I of Schedule VI to the
Companies Act, 1956
|
Particulars |
Equity Shares |
|
|
|
Number |
Amount in
Millions |
|
Shares outstanding at the beginning of the year |
6,750,000 |
67.500 |
|
Shares Issued during the year |
-- |
-- |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
6,750,000 |
67.500 |
Disclosure pursuant to Note no. 6(A)(g) of Part I of Schedule VI to the
Companies Act, 1956 (if more than 5%)
|
Name of Shareholder |
31.03.2013 |
|
|
|
No. of Shares held |
% of Holding |
|
Sita Narendra Gupta |
562400 |
8.33% |
|
Sheetal Ravi Gupta |
467660 |
6.93% |
|
Ravi Narendra Gupta |
1108100 |
16.42% |
|
Greesha Ravi Gupta |
475000 |
7.04% |
|
Harshwardhan Ravi Gupta |
476050 |
7.05% |
|
Narendra Rameshchandra Gupta (HUF) |
309200 |
4.58% |
|
Ravi N Gupta (HUF) |
421170 |
6.24% |
|
Vulcan Tools Private Limited |
824124 |
12.21% |
|
Ultracut Tools Private Limited |
562639 |
8.34% |
|
Axis Tools and Engg Company Private Limited |
777037 |
11.51% |
As per of the Company, including its registers of Shareholders/Members and other declaration received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
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 |
140.400 |
117.000 |
67.500 |
|
(b) Reserves & Surplus |
31.625 |
5.821 |
38.419 |
|
(c) Money received against
share warrants |
0.000 |
29.507 |
8.087 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
172.025 |
152.328 |
114.006 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
458.168 |
315.096 |
128.999 |
|
(b) Deferred tax liabilities
(Net) |
22.482 |
17.536 |
10.156 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.144 |
1.144 |
0.715 |
|
Total
Non-current Liabilities (3) |
481.794 |
333.776 |
139.870 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
165.039 |
108.381 |
110.716 |
|
(b) Trade payables |
94.215 |
48.962 |
46.231 |
|
(c) Other current liabilities |
12.804 |
9.963 |
8.687 |
|
(d) Short-term provisions |
9.821 |
17.440 |
12.117 |
|
Total
Current Liabilities (4) |
281.879 |
184.746 |
177.751 |
|
|
|
|
|
|
TOTAL |
935.698 |
670.850 |
431.627 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
550.060 |
358.153 |
97.675 |
|
(ii) Intangible Assets |
|
4.500 |
5.250 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
88.424 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.059 |
0.059 |
0.059 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.982 |
2.436 |
2.352 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
554.101 |
365.148 |
193.760 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
244.732 |
181.947 |
158.199 |
|
(c) Trade receivables |
96.584 |
54.689 |
56.456 |
|
(d) Cash and cash equivalents |
13.403 |
46.375 |
6.004 |
|
(e) Short-term loans and
advances |
26.870 |
21.704 |
16.989 |
|
(f) Other current assets |
0.008 |
0.987 |
0.219 |
|
Total
Current Assets |
381.597 |
305.702 |
237.867 |
|
|
|
|
|
|
TOTAL |
935.698 |
670.850 |
431.627 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
632.446 |
493.108 |
367.758 |
|
|
Other Income |
0.123 |
2.427 |
0.24 |
|
|
TOTAL
(A) |
632.569 |
495.535 |
367.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of materials consumed |
483.722 |
337.263 |
267.082 |
|
|
Changes in inventories of
finished goods work-in-progress and Stock-in-Trade |
(54.336) |
(15.754) |
(28.850) |
|
|
Employee benefits expense |
30.043 |
29.315 |
24.612 |
|
|
Other expenses |
73.095 |
65.215 |
59.057 |
|
|
TOTAL
(B) |
532.524 |
416.039 |
321.901 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
100.045 |
79.496 |
46.097 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
45.148 |
37.885 |
21.387 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.897 |
41.611 |
24.71 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
28.331 |
16.513 |
6.042 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
26.566 |
25.098 |
18.668 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
10.736 |
12.443 |
10.941 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
15.830 |
12.655 |
7.727 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
102.119 |
120.729 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
117.4 |
77.766 |
|
|
Trading Goods |
|
69.811 |
0.000 |
|
|
TOTAL
IMPORTS |
NA |
187.211 |
77.766 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.13 |
1.87 |
1.14 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
2.50 |
2.55 |
2.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.20 |
5.09 |
5.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.84 |
3.74 |
5.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.16 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.62 |
2.78 |
2.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.65 |
1.34 |
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 |
67.500 |
117.000 |
140.400 |
|
Reserves & Surplus |
38.419 |
5.821 |
31.625 |
|
Money received against share
warrants |
8.087 |
29.507 |
0.000 |
|
Net
worth |
114.006 |
152.328 |
172.025 |
|
|
|
|
|
|
long-term borrowings |
128.999 |
315.096 |
458.168 |
|
Short term borrowings |
110.716 |
108.381 |
165.039 |
|
Total
borrowings |
239.715 |
423.477 |
623.207 |
|
Debt/Equity
ratio |
2.103 |
2.780 |
3.623 |
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) |
|
Revenue from operations |
367.758 |
493.108 |
632.446 |
|
|
|
34.085 |
28.257 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
367.758 |
493.108 |
632.446 |
|
Profit/(loss) After Tax |
7.727 |
12.655 |
15.830 |
|
|
2.10% |
2.57% |
2.50% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS
OF CURRENT MATURITIES OF LONG TERM DEBTS : 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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
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 |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Long term
borrowings |
|
|
|
From other |
NA |
70.097 |
|
From deposit |
NA |
0.055 |
|
|
|
|
|
Total |
NA |
70.152 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10454126 |
04/10/2013 |
266,000,000.00 |
PUNJAB NATIONAL BANK |
2 ND FLOOR, SEEPZ, ANDHERI EAST, MUMBAI, MAHARASHTRA - 400096, INDIA |
B87133146 |
|
2 |
10428738 |
24/05/2013 |
30,000,000.00 |
PUNJAB NATIONAL BANK |
8 CAMA INDUSTRIAL ESTATE, WALBHAT ROAD, GOREGAON EAST, MUMBAI, MAHARASHTRA - 400063, INDIA |
B76113174 |
|
3 |
10374312 |
25/08/2012 |
65,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON EAST BRANCH, 8 CAMA INDUSTRIAL ESTATE, WALLBHAT ROAD, GOREGAON EAST, MUMBAI, MAHARASHTRA - 400063, INDIA |
B57181141 |
|
4 |
10326801 |
30/11/2011 |
700,000.00 |
PUNJAB NATIONAL BANK |
8, CAMA INDUSTRIAL ESTATE, WALLBHAT ROAD, GOREGAON EAST, MUMBAI, MAHARASHTRA - 400063, INDIA |
B29200466 |
|
5 |
10300944 |
13/07/2011 |
1,036,000.00 |
PUNJAB NATIONAL BANK |
8 CAMA INDUSTRIAL ESTATE, GOREGAON EAST, MUMBAI, |
B18327288 |
|
6 |
10176036 |
13/03/2013 * |
416,736,000.00 |
PUNJAB NATIONAL BANK |
8 CAMA IND. ESTATE, WAL BHAT ROAD, GOREGAON EAST , MUMBAI, MAHARASHTRA - 400062, INDIA |
B73868234 |
|
7 |
10172497 |
27/06/2009 |
5,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH, 8, CAMA INDUSTRIAL ESTATE, |
A67936559 |
|
8 |
10140627 |
13/01/2009 |
3,500,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH,8, CAMA INDUSTRIAL ESTATE, |
A55896146 |
|
9 |
10125020 |
23/09/2008 |
3,500,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH, 8, CAMA INDUSTRIAL ESTATE, |
A47797873 |
|
10 |
10096419 |
10/03/2008 |
5,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH,8, CAMA INDUSTRIAL ESTATE, |
A35935097 |
|
11 |
10096396 |
14/08/2010 * |
350,000,000.00 |
PUNJAB NATIONAL BANK |
8 CAMA IND. ESTATE, WALBHAT ROAD, GOREGAON EAST, MUMBAI, MAHARASHTRA - 400063, INDIA |
B73878704 |
|
12 |
90351474 |
23/12/2005 |
34,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON EAST BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
13 |
90354422 |
27/06/2009 * |
95,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH,8, CAMA INDUSTRIAL ESTATE, |
A67934679 |
* Date of charge modification
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) |
|
|
181.970 |
|
(b) Other Operating
Income |
|
|
0.284 |
|
Total |
|
|
182.254 |
|
Less : Excise
Duty |
|
|
9.677 |
|
Total Income from Operation |
|
|
172.577 |
|
|
|
|
|
|
2. Expenses |
|
|
|
|
Consumption of Raw Materials |
|
|
146.122 |
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
|
|
(26.275) |
|
Employee benefits expense |
|
|
5.708 |
|
Depreciation and
amortization expense |
|
|
9.250 |
|
Other expenses |
|
|
15.283 |
|
Total Expenses |
|
|
150.088 |
|
|
|
|
|
|
3. Profit/(Loss) from
Operations before Other Income, finance cost* and Exceptional Items (1-2) |
|
|
22.489 |
|
4. Other income |
|
|
0.000 |
|
6. Profit/(Loss) from
ordinary activities before finance costs and exceptional Items (3+4) |
|
|
22.489 |
|
6. Finance Costs |
|
|
15.017 |
|
7. Profit/(Loss) from ordinary
activities after finance costs but before exceptional items (5-6) |
|
|
7.472 |
|
8. Exceptional items |
|
|
-- |
|
9. Profit/(Loss) from
ordinary activities before tax (7-8) |
|
|
7.472 |
|
10. Tax Expense |
|
|
2.994 |
|
11. Net Profit/(Loss) for
the period (9-10) |
|
|
4.478 |
|
12. Minority Interest |
|
|
-- |
|
13. Net Profit/(Loss)
after taxes, minority Interest and Share of Profit/(Loss) |
|
|
4.478 |
|
14. Paid-up Equity Share
Capital (Pace Value per share : |
|
|
140.400 |
|
15. Reserves excluding
Revolution Reserve as per balance sheet of previous accounting year |
|
|
36.103 |
|
|
|
|
|
|
16. Earning* per share of
Rs.1/- each (Not Annualised): |
|
|
|
|
Basic and Diluted EPS before Extraordinary items |
|
|
0.32 |
|
Basic and Diluted EPS after Extraordinary items |
|
|
0.32 |
|
|
|
|
|
|
A. PARTICULARS OF
SHAREHOLDING |
|
|
|
|
Public shareholding |
|
|
|
|
Number of shares |
|
|
2930420 |
|
Percentage of
Shareholding |
|
|
43.41 |
|
|
|
|
|
|
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 |
|
|
3819580 |
|
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) |
|
|
56.59 |
Note
· No investors complaint received during the quarter
· Previous period figures have been regrouped wherever necessary.
· The Audit committee has reviewed the above quarterly results at its Meeting held on 14.08.2014.
· The above financial results were approved at the Board Meeting held on 14.08.2014.
FIXED ASSETS:
·
Leasehold Land
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Laboratory Equipments
·
Furniture and Fixtures
·
Cutters and Accessories
·
Factory Equipments
·
Office Equipments
·
Air Condition
·
Computers
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.44 |
|
|
1 |
Rs. 98.64 |
|
Euro |
1 |
Rs. 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.