MIRA INFORM REPORT
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Report No. : |
316886 |
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Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE INDURE PRIVATE LIMITED |
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Registered
Office : |
Indure House, Greater Kailash-II, New Delhi - 110048 |
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Tel. No.: |
91-11-41891400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.04.1970 |
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Com. Reg. No.: |
55-005272 |
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Capital
Investment / Paid-up Capital : |
Rs. 48.000
Million |
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CIN No.: [Company Identification
No.] |
U74899DL1970PTC005272 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELI00216G |
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PAN No.: [Permanent Account No.] |
AAACT0121C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Ash Handling Systems. |
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No. of Employees
: |
1000 (Approximately) |
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RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4700000 |
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Status : |
Satisfactory |
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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 satisfactory track record. There seems dip in the sales turnover and profit of the company during
2014. However, general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 PARTED BY
|
Name : |
Mr. Yogesh Sinha |
|
Designation : |
General Manager in HR |
|
Contact No.: |
91-11-41891597 |
|
Date : |
11.04.2015 |
LOCATIONS
|
Registered/ Head Office : |
Indure House, Greater Kailash-II, New Delhi – 110048, India |
|
Tel. No.: |
91-11-41891400/ 29213762/ 41891597 |
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Fax No.: |
91-11-29218393/ 29219566 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. ft. |
|
Location : |
Owned |
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Factory 1 : |
45/1, New Industrial Area, Site No. 4, Sahibabad, Uttar Pradesh, India |
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Tel. No.: |
91-120-4756460 |
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Fax No.: |
91-120-4756463 |
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Factory 2 : |
Plot No. 14, Secunderabad Industrial Area, Secunderbad, Andhra Pradesh, India |
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Tel. No.: |
91-5735-222657 |
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Branch Offices : |
Located at: · Hyderabad · Kolkata · Vadodara · Mumbai · Bengaluru |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Narendra Prakash Gupta |
|
Designation : |
Managing director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
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Date of Appointment : |
01.04.2004 |
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PAN No.: |
ADVPG9979J |
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DIN No.: |
00455587 |
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|
Name : |
Mr. Anant Gupta |
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Designation : |
Managing director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
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Date of Appointment : |
31.03.1994 |
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PAN No.: |
AADPG2028B |
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DIN No.: |
00455983 |
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|
Name : |
Ms. Nidhi Gupta |
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Designation : |
Director |
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Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
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Date of Appointment : |
19.02.2001 |
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PAN No.: |
AEAPG8105J |
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DIN No.: |
00456103 |
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Name : |
Ms. Bhavna Gupta |
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Designation : |
Director |
|
Address : |
W – 20, Greater Kailash – II, New Delhi – 110048, India |
|
Date of Appointment : |
01.03.2003 |
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PAN No.: |
AAHPG3232D |
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DIN No.: |
01484132 |
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|
Name : |
Mr. Atul Kumar Garg |
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Designation : |
Director |
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Address : |
110, Nehru Apartment, Kalkaji, New Delhi - 110019, India |
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Date of Appointment : |
16.03.2002 |
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PAN No.: |
ACTPG0284H |
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DIN No.: |
00497260 |
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Name : |
Mr. Anil Gulati |
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Designation : |
Director |
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Address : |
D-76, Kalkaji, New Delhi - 110019, India |
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Date of Birth/Age : |
04.04.1955 |
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Qualification : |
B. A. |
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Experience : |
18 Years |
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Date of Appointment : |
10.03.2011 |
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PAN No.: |
AAHPG0877E |
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DIN No.: |
01618557 |
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|
|
Name : |
Mr. Eric James Oakes |
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Designation : |
Director |
|
Address : |
1 Olde Forge Lane, Hampton New Jersey, New Jersey, 08827, United
States of America |
|
Date of Appointment : |
26.05.2010 |
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DIN No.: |
03093329 |
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|
Name : |
Mr. Krishna Kumar Pillai |
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Designation : |
Director |
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Address : |
Frejs Vaeg 4, Finspong, 61234, Sweden |
|
Date of Appointment : |
30.06.2010 |
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DIN No.: |
03136224 |
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Name : |
Mr. Naga Sai Yelkur |
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Designation : |
Director |
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Address : |
Flat No. 630, Gaur Galaxy, Plot No. 5, Sector-5, Vaishali, Ghaziabad -
201010, Uttar Pradesh, India |
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Date of Birth/Age : |
29.04.1954 |
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Date of Appointment : |
28.09.2012 |
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PAN No.: |
AAIPY0592R |
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DIN No.: |
05273807 |
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|
|
Name : |
Mr. Shan Singh |
|
Designation : |
Director |
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Address : |
564, Abhinav Apartment, B-12, Vasundhara Enclave, Delhi - 110096,
India |
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Date of Birth/Age : |
05.02.1949 |
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Date of Appointment : |
28.09.2012 |
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PAN No.: |
ACLPS1502J |
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DIN No.: |
05273845 |
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|
Name : |
Mr. Kamal Bhasin |
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Designation : |
Director |
|
Address : |
J-1234, Palam Vihar, Gurgaon - 122001, Haryana, India |
|
Date of Appointment : |
14.12.2012 |
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PAN No.: |
AAHPB5208J |
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DIN No.: |
06468290 |
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|
Name : |
Mr. Chander Gupta |
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Designation : |
Director |
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Address : |
874, Pocket B and C, Sector A Vasant Kunj, New Delhi - 110070,
India |
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Date of Birth/Age : |
12.01.1951 |
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Qualification : |
M. Tech. |
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Experience : |
48 Years |
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Date of Appointment : |
30.09.2010 |
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PAN No.: |
AAAPG1753G |
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DIN No.: |
00497837 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Sinha |
|
Designation : |
General Manager in HR |
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|
Name : |
Mr. Chander Gupta |
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Designation : |
Secretary |
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Address : |
874, Pocket B and C, Sector A Vasant Kunj, New Delhi - 110070,
India |
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Date of Birth/Age : |
12.01.1951 |
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Date of Appointment : |
31.12.1977 |
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PAN No.: |
AAAPG1753G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Prakash Gupta |
|
346213 |
|
Anant Gupta |
|
6810 |
|
Nidhi Gupta |
|
2280 |
|
Bhavna Gupta |
|
7500 |
|
Avichal Gupta U/G Anant Gupta |
|
15000 |
|
N.P. Gupta (HUF) |
|
1662 |
|
Progect, India |
|
2160 |
|
Desein Private Limited, India |
|
15480 |
|
Energy Engg. Private Limited, India |
|
81000 |
|
R C Aggarwal |
|
832 |
|
V K Gupta |
|
533 |
|
Vijay Lakshmi Gupta |
|
250 |
|
Sarla Batra |
|
280 |
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|
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Total |
|
480000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
21.00 |
|
Directors
or relatives of directors |
79.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ash Handling Systems. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Indonesia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Indonesia |
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Terms : |
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Selling : |
Cash, L/C and Credit [30 Days and 60 Days] |
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Purchasing : |
Cash, L/C and Credit [30 Days and 60 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
·
Axis Bank Limited Trishul 3rd Floor Opposite Samartheshwar Temple,
Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India · HDFC Bank Limited · ICICI Bank Limited · Indian Overseas Bank |
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Facilities : |
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Financial Institution : |
· SREI Equipment Finance Limited 'Vishwakarma', 86C, Topsia Road,, Kolkata - 700046, West Bengal, India |
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Auditors : |
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|
Name : |
R. Khattar and Associates Chartered Accountants |
|
Address : |
N-17, Annexe Flats, 1st and 2nd Floor, Green Park
Extn., New Delhi - 110016, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFR4693K |
|
|
|
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Subsidiary Companies : |
·
Indure Fabrication and Services Private Limited [U74899DL1989PTC035312] ·
Indure Louise Private Limited [U74899DL1989PTC035314] ·
OPG Computer Aided Design Private Limited [U73100DL1982PTC013716] |
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|
|
|
Associate Companies : |
·
Desein Private Limited [U74899DL1970PTC005474] ·
Desein Beiz Technik Private Limited [U74899DL1984PTC018780] ·
Desein International Private Limited [U40101DL2001PTC109073] ·
Desein Dot Ventures Private Limited [U72900DL2000PTC105167] ·
Sophos Engineering Private Limited [U74899DL1982PTC013875] ·
Albatross Travels Private Limited [U74899DL1996PTC084147] ·
India Power Partners Private Limited [U74899DL1994PTC057610] ·
Mandya Power Partners Private Limited [U74899DL1994PTC057610] ·
Montealto Indure Energy Private Limited [U40200DL2011PTC221441] ·
The Indmac India Private Limited [U74899DL1971PTC005882] ·
Energy Engineers Private Limited [U74899DL1980PTC014208] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,499,000 |
Equity Shares |
Rs. 100/- each |
Rs. 249.900 Million |
|
1,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.100 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
480,000 |
Equity Shares |
Rs. 100/- each |
Rs. 48.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
48.000 |
48.000 |
48.000 |
|
(b) Reserves & Surplus |
1606.409 |
1511.468 |
1287.850 |
|
(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) |
1654.409 |
1559.468 |
1335.850 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
106.124 |
138.888 |
147.629 |
|
(b) Deferred tax liabilities (Net) |
12.016 |
14.678 |
15.234 |
|
(c)
Other long term liabilities |
4580.480 |
2673.518 |
2168.858 |
|
(d)
long-term provisions |
29.991 |
32.301 |
25.441 |
|
Total
Non-current Liabilities (3) |
4728.611 |
2859.385 |
2357.162 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1350.540 |
1668.897 |
1364.788 |
|
(b)
Trade payables |
3472.712 |
3603.176 |
2577.576 |
|
(c)
Other current liabilities |
625.718 |
503.682 |
448.254 |
|
(d)
Short-term provisions |
442.624 |
382.639 |
675.117 |
|
Total
Current Liabilities (4) |
5891.594 |
6158.394 |
5065.735 |
|
|
|
|
|
|
TOTAL |
12274.614 |
10577.247 |
8758.747 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
540.566 |
598.046 |
495.473 |
|
(ii)
Intangible Assets |
18.836 |
26.527 |
17.728 |
|
(iii)
Capital work-in-progress |
18.439 |
3.398 |
33.315 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
9.835 |
|
(b) Non-current
Investments |
12.230 |
14.685 |
7.402 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
26.925 |
42.875 |
33.667 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
616.996 |
685.531 |
597.420 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
577.890 |
495.861 |
557.497 |
|
(c)
Trade receivables |
6779.374 |
6253.972 |
4892.237 |
|
(d)
Cash and cash equivalents |
1284.570 |
1172.749 |
1152.598 |
|
(e)
Short-term loans and advances |
3015.784 |
1969.134 |
1558.995 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
11657.618 |
9891.716 |
8161.327 |
|
|
|
|
|
|
TOTAL |
12274.614 |
10577.247 |
8758.747 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
6797.200 |
9350.200 |
7484.500 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
260.583 |
453.320 |
480.147 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
101.373 |
108.203 |
89.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
159.210 |
345.117 |
390.643 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
55.846 |
113.131 |
128.162 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
103.364 |
231.986 |
262.481 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
34.171 |
9.525 |
0.412 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
129.000 |
198.972 |
245.000 |
|
|
|
Proposed Dividend |
7.200 |
7.200 |
7.200 |
|
|
|
Dividend Tax |
1.223 |
1.168 |
1.168 |
|
|
BALANCE CARRIED
TO THE B/S |
0.112 |
34.171 |
9.525 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports at FOB value |
272.849 |
49.498 |
17.613 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components, Stores & spares |
33.236 |
507.327 |
452.443 |
|
|
|
Capital Goods |
11.358 |
2.531 |
0.000 |
|
|
TOTAL IMPORTS |
44.594 |
509.858 |
452.443 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
215.34 |
483.30 |
546.84 |
|
Expected Sales (2014-2015): Rs. 12000.000 Million
The above information has been parted by Mr. Yogesh Sinha [General
Manager in HR]
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.30 |
3.27 |
4.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.22 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.88 |
1.16 |
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
1.61 |
1.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
48.000 |
48.000 |
48.000 |
|
Reserves & Surplus |
1287.850 |
1511.468 |
1606.409 |
|
Net
worth |
1335.850 |
1559.468 |
1654.409 |
|
|
|
|
|
|
Long-term borrowings |
147.629 |
138.888 |
106.124 |
|
Short term borrowings |
1364.788 |
1668.897 |
1350.540 |
|
Total
borrowings |
1512.417 |
1807.785 |
1456.664 |
|
Debt/Equity
ratio |
1.132 |
1.159 |
0.880 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
7484.500 |
9350.200 |
6797.200 |
|
|
|
24.928 |
-27.304 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
7484.500 |
9350.200 |
6797.200 |
|
Profit |
262.481 |
231.986 |
103.364 |
|
|
3.51% |
2.48% |
1.52% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10486583 |
15/03/2014 |
2,750,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA,
WEST BENGAL - 700046, INDIA |
C01052976 |
|
2 |
10488133 |
05/03/2014 |
100,000,000.00 |
CANARA BANK |
CANARA BANK, DDA BUILDING, NEHRU PLACE, NEW
DELHI |
C02360618 |
|
3 |
10474265 |
31/12/2013 |
1,800,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B94965811 |
|
4 |
10463496 |
20/11/2013 |
50,000,000.00 |
INDIAN OVERSEAS BANK |
14-15, FARM BHAWAN, NEHRU PLACE, NEW DELHI,
DELHI - 110019, INDIA |
B90846734 |
|
5 |
10448737 |
21/08/2013 |
2,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B84819853 |
|
6 |
10434446 |
04/06/2013 |
1,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78550910 |
|
7 |
10416471 |
10/03/2013 |
1,915,400.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE,
LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B72214091 |
|
8 |
10385981 |
16/10/2012 |
4,606,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, GUJARAT - 390015, INDIA |
B61900940 |
|
9 |
10377254 |
16/08/2012 |
1,088,195.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA,
GUJARAT - 390015, INDIA |
B58396920 |
|
10 |
10373168 |
01/08/2012 |
41,258,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B56648850 |
|
11 |
10312723 |
29/09/2011 |
200,000,000.00 |
CANARA BANK PRIME CORPORATE BRANCH-I |
DDA BUILDING, NEHRU PLACE, NEW DELHI, DELHI
- 110019, INDIA |
B23388762 |
|
12 |
10218506 |
09/11/2009 |
150,000,000.00 |
CANARA BANK |
PCB-I,, G/F, ANSAL TOWERS, 38-NEHRU PLACE, NEW
DELHI, DELHI - 110019, INDIA |
A78293404 |
|
13 |
10140111 |
18/12/2008 |
2,003,400,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE BRANCH, SAROJANI HOUSE, 6
BHAGWAN DASS ROAD, NEW DELHI, DELHI - 110001, INDIA |
A55850390 |
|
14 |
10140157 |
18/12/2008 |
2,003,400,000.00 |
SYNDICATE BANK |
CORPORATE FINANCE BRANCH,, SAROJANI HOUSE,
6 BHAGWAN DASS ROAD,, NEW DELHI, DELHI - 110001, INDIA |
A55849954 |
|
15 |
10127496 |
22/09/2008 |
40,000,000.00 |
CANARA BANK |
D.D.A. BUILDING, NEAR PARAS CINEMA, NEHRU
PLACE, |
A49574841 |
|
16 |
10124332 |
02/09/2008 |
670,000,000.00 |
CANARA BANK |
D.D.A. BUILDING, NEAR PARAS CINEMA, NEHRU
PLACE, |
A47513403 |
|
17 |
10124330 |
02/09/2008 |
843,700,000.00 |
CANARA BANK |
D.D.A. BUILDING, NEAR PARAS CINEMA, NEHRU
PLACE, |
A47512595 |
|
18 |
10064819 |
09/07/2007 |
27,500,000.00 |
THE BANK OF MAHARASHTRA LIMITED |
M-16, M-BLOCK,, GREATER KAILASH - II, NEW
DELHI, |
A21642822 |
|
19 |
90051688 |
11/07/2005 * |
614,750,000.00 |
CANARA BANK |
NEHRU PLACE, NEW DELHI, DELHI - 110019,
INDIA |
- |
|
20 |
90050486 |
19/03/2004 |
565,000,000.00 |
SYNDICATE BANK |
CORPORATION FINANCE BRANCH, R.K. PURAM, NEW
DELHI, DELHI, INDIA |
- |
|
21 |
90049521 |
05/09/2014 * |
18,479,400,000.00 |
CANARA BANK |
PCB-1, D.D.A. BUILDING, NEHRU PLACE, NEW
DELHI, DELHI - 110019, INDIA |
C25779281 |
|
22 |
80065470 |
21/09/1992 * |
450,000,000.00 |
CANARA BANK |
NEHRU PLACE, , NEW DELHI, DELHI - 110019,
INDIA |
- |
* Date of charge modification
NATURE OF OPERATIONS
The
Indure Private Limited (the Company) is engaged in the manufacture and sale of complete
range of “Ash Handling Equipments” and in the development of “Ash Handling
Systems” in India and outside India. The Company was incorporated in 1970.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Outstanding bank guarantees |
|
|
|
In respect of the following demands pending
disposal of appeals: |
7546.009 |
10071.348 |
|
Sales tax Sales Tax demand for the year 1988-89, 1999-2000,
2000-01, and 2004-05, 2007-08, 2008-09 and 2009-10 against which the company
has gone on appeal. |
5.041 |
5.041 |
|
Claims against the Company not acknowledged as
debts. |
113.997 |
105.997 |
|
The demands are raised by relevant appellate authorities,
against which the Company has gone in appeal. Management is of the view,
based on judicial pronouncements, that the Company’s claims are likely to be
accepted by various appellate authorities and therefore these liabilities are
not probable and need not to be provided for. |
|
|
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
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. 62.37 |
|
|
1 |
Rs. 91.60 |
|
Euro |
1 |
Rs. 66.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.