MIRA INFORM REPORT
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Report No. : |
317224 |
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Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ADCC INFOCAD LIMITED [w.e.f.04.07.2014] |
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Formerly Known
As : |
ADCC INFOCAD PRIVATE LIMITED [w.e.f.03.08.1999] ADCC CAD TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
10/5, Information Technology Park, Nagpur – 440022, Maharashtra |
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Tel. No.: |
91-712-3014100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
05.05.1998 |
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Com. Reg. No.: |
11-114790 |
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Capital
Investment / Paid-up Capital : |
Rs. 66.600 Million |
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CIN No.: [Company Identification
No.] |
U72300MH1998PLC114790 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPA01233B |
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PAN No.: [Permanent Account No.] |
AACCA3193K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Software Development, GIS Services, Water Mapping Project. |
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No. of Employees
: |
1400 (Approximately) |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects company sound financial risk profile marked by
healthy networth and decent profitability of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal for business 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.
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL SME |
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Rating |
SE 2B |
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Rating Explanation |
High performance capability and moderate
financial strength. |
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Date |
10.10.2014 |
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 PARTED BY
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Name : |
Mr. Dinesh Singh |
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Designation : |
Vice President in
Accounts |
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Contact No.: |
91-712-2249033 |
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Date : |
13.04.2015 |
LOCATIONS
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Registered/ Corporate Office : |
10/5, Information Technology Park, Nagpur – 440022, Maharashtra,
India |
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Tel. No.: |
91-712-3014100/
2249033 |
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Fax No.: |
91-712-2249605/ 2249358 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Offices : |
Located at: · Mumbai · Mumbai Mahape · Pune · Hyderabad · Bhopal · Raipur · Ahmedabad · Lucknow |
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Overseas Office : |
ADCC International East Africa Limited Third Floor, Wing B, Ngong Plaza, Ngong Road, P.O. Box
42549-00100, Nairobi, Kenya |
DIRECTORS
AS ON 26.08.2014
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Name : |
Mr. Sameer Dattatraya Meghe |
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Designation : |
Managing director |
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Address : |
135, Pandey Layout, Khamla, Nagpur - 440025, Maharashtra, India |
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Date of Birth/Age : |
12.02.1978 |
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Qualification : |
B.Com |
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Date of Appointment : |
14.07.2009 |
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PAN No.: |
ABYPM6076B |
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DIN No.: |
00127536 |
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Name : |
Mr. Amit Kedarnath Somani |
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Designation : |
Managing director |
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Address : |
'Krishna Kunj', 86, Shastri Layout, Opposite Somalwar School, Khamla, Nagpur - 440015, Maharashtra, India |
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Date of Birth/Age : |
17.09.1978 |
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Qualification : |
FCA |
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Date of Appointment : |
01.07.2006 |
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PAN No.: |
AOJPS9355K |
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DIN No.: |
00378635 |
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Name : |
Mr. Sagar Dattatraya Meghe |
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Designation : |
Director |
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Address : |
135, Pandey Layout, Khamla, Nagpur - 440025, Maharashtra, India |
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Date of Birth/Age : |
03.05.1970 |
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Qualification : |
B.Com |
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Date of Appointment : |
14.07.2009 |
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PAN No.: |
ABYPM6079Q |
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DIN No.: |
00127487 |
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Name : |
Mr. Abhay Surendra Kimmatkar |
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Designation : |
Whole-time director |
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Address : |
V-45, Narendranagar Ring Road, Nagpur - 440015, Maharashtra, India |
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Date of Birth/Age : |
06.10.1970 |
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Qualification : |
B E |
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Date of Appointment : |
17.12.2007 |
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PAN No.: |
AGLPK2456K |
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DIN No.: |
01984134 |
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Name : |
Mr. Prafull Rambhau Bahe |
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Designation : |
Director |
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Address : |
Vidhya Nagar, Nagpur Road, Wardha - 442001, Maharashtra, India |
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Date of Birth/Age : |
01.03.1966 |
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Date of Appointment : |
24.07.2014 |
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DIN No.: |
01399810 |
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Name : |
Mr. George Thikathil Varkey Jacob |
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Designation : |
Director |
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Address : |
15, Public Housing Society, Sahakar Nagar, Khamla, Nagpur - 440025, Maharashtra, India |
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Date of Birth/Age : |
04.02.1965 |
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Date of Appointment : |
24.07.2014 |
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DIN No.: |
00421466 |
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Name : |
Mr. Arun Mahadeorao Wankhede |
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Designation : |
Director |
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Address : |
Opposite Gev Awari House Reshimbag Chouk, Flat No. 109, Building No B-3 Bajrang Complex, Hanuman Nagar S.O, Nagpur - 440009, Maharashtra, India |
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Date of Birth/Age : |
02.11.1955 |
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Date of Appointment : |
24.07.2014 |
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DIN No.: |
06820023 |
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Name : |
Mr. Chandrakant Gourishankar Tiwari |
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Designation : |
Director |
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Address : |
P. No. 41, Nagbhumi Layout, Chhatrapati Nagar, Nagpur - 440015, Maharashtra, India |
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Date of Birth/Age : |
26.06.1969 |
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Date of Appointment : |
24.07.2014 |
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DIN No.: |
03610459 |
KEY EXECUTIVES
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Name : |
Mr. Dinesh Singh |
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Designation : |
Vice President in
Accounts |
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Name : |
Mr. Jinesh Kanakrai Vora |
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Designation : |
Secretary |
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Address : |
102, Jaisuryalok, Vaishnodevi Chowk, Wardhaman Nagar,
Nagpur - 440008, Maharashtra, India |
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Date of Birth/Age : |
31.08.1985 |
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Date of Appointment : |
01.06.2014 |
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PAN No.: |
AFCPV9016N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.08.2014
|
Names of Shareholders |
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No. of Shares |
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Gawande Dhananjay |
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36000 |
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Meghe Sameer |
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140400 |
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Meghe Sagar |
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165594 |
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Meghe Devika with Meghe Sagar |
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151000 |
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Meghe Vrinda with Meghe Sameer |
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151000 |
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Meghe Sagar with Meghe Devika |
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21000 |
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Meghe Sameer with Meghe Vrinda |
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9000 |
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Meghe Dattatrayaji |
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6 |
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Treble Trading and Investment Company Private Limited, India |
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500000 |
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SMG International Private Limited, India |
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896000 |
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SMG Hospitals Private Limited, India |
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1240000 |
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Meghe Vrinda |
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20000 |
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Meghe Devika |
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20000 |
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Raghav Infradevelopers and Builders Private Limited, India |
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2130000 |
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AKS Infradevelopers Private Limited, India |
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1180000 |
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Total |
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6660000 |
AS ON 26.08.2014
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Bodies
corporate |
89.28 |
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Directors
or relatives of directors |
10.18 |
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Other
top fifty shareholders |
0.54 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Software Development, GIS Services, Water Mapping Project. |
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Products/ Services : |
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Brand Names : |
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Agencies Held : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit [30 Days] |
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Purchasing : |
Advance Payment, Cheque and Credit [30 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEMs and Manufacturer
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No. of Employees : |
1400 (Approximately) |
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Bankers : |
· Abhyudaya Co-Operative Bank Limited Administrative Office, K.K. Tower, Abhyudaya Bank, Lane, Off G.D. Ambekar Marg, Parel Village, Mumbai - 400012, Maharashtra, India ·
HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower
Parel [West], Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Shah Baheti Chandak and Company Chartered Accountants |
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Address : |
205, Ghatate Chambers, Panchsheel Square, Nagpur
– 440012, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFS5204J |
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Subsidiary company
: |
·
ADCC Infocom Private Limited
[U72900MH2009PTC198045] ·
ADCC Academy Private Limited
[U80100MH2013PTC251474] ·
AI Instruments Private Limited
[U72900MH2013PTC239600] ·
ADCC Internation East Africa Limited |
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Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
·
Meghe Entertainment Private Limited
[U74900MH2009PTC193673] ·
Meghes Educational Institutions
[U80904MH2011NPL216557] ·
Meghe Education Foundation
[U80301MH2011NPL216072] ·
AKS Infradevelopers Private Limited
[U45201MH2006PTC164065] ·
Radhikabai Meghe Mahila Shikhan Sanstha ·
Sai Ashram |
CAPITAL STRUCTURE
AFTER 26.08.2014
Authorised Capital : Rs. 100.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 90.600
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
6,660,000 |
Equity Shares |
Rs. 10/- each |
Rs. 66.600 Million |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
66.600 |
33.300 |
33.300 |
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(b) Reserves & Surplus |
150.383 |
136.158 |
89.331 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
216.983 |
169.458 |
122.631 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
188.866 |
118.308 |
249.450 |
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(b) Deferred tax liabilities (Net) |
47.433 |
47.682 |
37.432 |
|
(c)
Other long term liabilities |
2.232 |
0.342 |
0.866 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
238.531 |
166.332 |
287.748 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
239.253 |
222.729 |
0.000 |
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(b)
Trade payables |
70.697 |
123.162 |
58.082 |
|
(c)
Other current liabilities |
101.613 |
20.069 |
9.583 |
|
(d)
Short-term provisions |
101.319 |
56.272 |
31.478 |
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Total
Current Liabilities (4) |
512.882 |
422.232 |
99.143 |
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TOTAL |
968.396 |
758.022 |
509.522 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
232.955 |
222.996 |
193.915 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.405 |
4.405 |
4.405 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
41.944 |
33.483 |
2.900 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.754 |
19.473 |
36.169 |
|
(e)
Other Non-current assets |
53.414 |
21.303 |
20.797 |
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Total
Non-Current Assets |
338.472 |
301.660 |
258.186 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
216.439 |
86.567 |
10.347 |
|
(c)
Trade receivables |
231.085 |
251.574 |
164.658 |
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(d)
Cash and cash equivalents |
48.346 |
39.766 |
24.399 |
|
(e)
Short-term loans and advances |
51.741 |
21.872 |
16.674 |
|
(f)
Other current assets |
82.313 |
56.583 |
35.258 |
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Total
Current Assets |
629.924 |
456.362 |
251.336 |
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TOTAL |
968.396 |
758.022 |
509.522 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Revenue from Operations |
766.443 |
572.951 |
506.900 |
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Other Income |
9.195 |
5.139 |
3.842 |
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TOTAL (A) |
775.638 |
578.090 |
510.742 |
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Less |
EXPENSES |
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Purchases of Stock-in-Trade |
269.954 |
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|
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Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(129.872) |
(76.221) |
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Employees benefits expense |
223.257 |
107.758 |
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Other expenses |
227.795 |
125.333 |
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Prior Period Items |
7.088 |
0.000 |
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TOTAL (B) |
598.222 |
441.494 |
437.257 |
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
177.416 |
136.596 |
(Including Financial and Depreciation Expenses) |
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|
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Less |
FINANCIAL
EXPENSES (D) |
62.770 |
42.478 |
|
|
|
|
|
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
114.646 |
94.118 |
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|
|
|
|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.021 |
15.491 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
95.625 |
78.627 |
73.485 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.568 |
25.994 |
24.008 |
|
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
65.057 |
52.633 |
49.477 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.77 |
7.90 |
14.86 |
|
Expected Sales (2014-2015): Rs. 1130.000 Million
The above information has been parted by Mr. Dinesh Singh (Vice President in Accounts)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
8.49 |
9.19 |
9.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
23.15 |
23.84 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.37 |
10.92 |
14.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.46 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.97 |
2.01 |
2.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.08 |
2.54 |
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 |
33.300 |
33.300 |
66.600 |
|
Reserves & Surplus |
89.331 |
136.158 |
150.383 |
|
Net
worth |
122.631 |
169.458 |
216.983 |
|
|
|
|
|
|
Long-term borrowings |
249.450 |
118.308 |
188.866 |
|
Short term borrowings |
0.000 |
222.729 |
239.253 |
|
Total
borrowings |
249.450 |
341.037 |
428.119 |
|
Debt/Equity
ratio |
2.034 |
2.013 |
1.973 |
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) |
|
Sales |
506.900 |
572.951 |
766.443 |
|
|
|
13.030 |
33.771 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
506.900 |
572.951 |
766.443 |
|
Profit |
49.477 |
52.633 |
65.057 |
|
|
9.76% |
9.19% |
8.49% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
|
|
|
|
|
Current maturities of long-term debt |
86.985 |
11.531 |
NA |
|
|
|
|
|
|
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 |
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) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10559640 |
07/02/2015 |
1,053,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER
PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C49081243 |
|
2 |
10505113 |
14/06/2014 |
20,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
K. K. TOWER, ABHYUDAYA BANK LANE, OFF. G.
D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI, MAHARASHTRA - 400012, INDIA |
C08419095 |
|
3 |
10508178 |
14/06/2014 |
20,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE, K. K. TOWER,
ABHYUDAYA BANK, LANE, OFF. G. D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI,
MAHARASHTRA - 400012, INDIA |
C10634046 |
|
4 |
10502849 |
27/03/2014 |
80,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
K. K. TOWER, ABHYUDAYA BANK LANE, OFF. G.
D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI, MAHARASHTRA - 400012, INDIA |
C06568505 |
|
5 |
10502843 |
01/03/2014 |
41,138,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
K. K. TOWER, ABHYUDAYA BANK LANE, OFF. G.
D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI, MAHARASHTRA - 400012, INDIA |
C06566467 |
|
6 |
10458413 |
14/10/2013 |
25,000,000.00 |
CANARA BANK |
RAMDASPETH, NAGPUR, MAHARASHTRA - 440012,
INDIA |
B88837182 |
|
7 |
10427617 |
13/05/2013 |
40,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE K. K. TOWER,
ABHYUDAYA BANK, |
B75791178 |
|
8 |
10348241 |
27/02/2012 |
20,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE K. K. TOWER,
ABHYUDAYA BANK, |
B37158631 |
|
9 |
10335421 |
24/07/2014 * |
711,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE K. K. TOWER,
ABHYUDAYA BANK, |
C17473646 |
|
10 |
10300204 |
25/10/2014 * |
305,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE K. K. TOWER,
ABHYUDAYA BANK, |
C33354903 |
|
11 |
10300207 |
22/07/2011 |
8,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE K. K. TOWER,
ABHYUDAYA BANK, |
B18082628 |
|
12 |
10300209 |
22/07/2011 |
42,240,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
ADMINISTRATIVE OFFICE K. K. TOWER,
ABHYUDAYA BANK, |
B18083352 |
|
13 |
10277614 |
10/03/2011 |
64,000,000.00 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
K.K.TOWER, OFF.G.D.AMBEKAR MARG, PAREL
VILLAGE, MUMBAI, MAHARASHTRA - 400012, INDIA |
B09616855 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.000 |
3.089 |
|
Deposits |
0.000 |
16.986 |
|
|
|
|
|
Total |
0.000 |
20.075 |
REVIEW
OF OPERATIONS
During
the financial year ending on 31 March 2014 the company had achieved turnover of
Rs. 775.638 Million against previous year‘s turnover of Rs. 578.090 Million
registering a growth of 34.17%. Profit before Tax has witnessed a growth of
30.64% with PBT for FY 13-14 Rs.102.712 Million as against previous year Rs.
78.625 Million. The operations for the year resulted in net profit after tax of
Rs 65.056 Million as against net profit of Rs. 52.632 Million in the previous
year.
FUTURE
PROSPECTS
Due
to favorable market conditions and policy paralysis the company had seen a
steep growth in its revenues in last few years. However, with improving
conditions and modified approach of the management, the company has been able
to register a significant improvement in its revenue last year. The management
is hopeful of maintaining and improving the growth and is accordingly making
efforts to further growth.
The
Company is also planning for Initial Public offer which will be listed on BSE
Limited (SME level Portal). The Board further undertakes to prove upto the
expectations of its investors and take all reasonable steps to mitigate the
risks to which your company is or might be vulnerable to and take necessary
steps to secure the wealth of shareholders of the Company.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
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 : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.