MIRA INFORM REPORT
|
Report No. : |
319547 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
JATTASHANKAR INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
11, Parasrampuria Apartment, Film City Road, Opposite Bank of India, Gokuldham, Goregaon (East), Mumbai 400 063, Maharashtra |
|
Tel. No.: |
91-22-28414262 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.08.1988 |
|
|
|
|
Com. Reg. No.: |
11-048451 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 43.871 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L17110MH1988PLC048451 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ08142B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ6040J |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of polyester yarn. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. For the financial year ended 2014, sales turnover of the company has
shown decent growth backed by profitability margins of 9.96% during a year
under a review. However, due to accumulated losses net worth position of the company
got weaker and liquidity position of the company is under pressure. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of weak net worth position, the company can be considered for
business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 (GENERAL DETAILS)
|
Name : |
Mr. Laxmikant |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-22-28414262 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office : |
11, Parasrampuria Apartment, Film City Road, Opposite Bank
of India, Gokuldham, Goregaon (East), Mumbai 400 063, Maharashtra, India |
|
Tel. No.: |
91-22-28414262/64/66 |
|
Fax No.: |
91-22-2841429 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
77/78, Piparia Industrial Estate Dadra and Nagar Haveli,
Silvassa, Union Territory |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Jatta Shankar Poddar |
|
Designation : |
Chairman Cum Managing Director |
|
|
|
|
Name : |
Dr. Sharad Poddar |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Sandeep Modi |
|
Designation : |
Director |
|
|
|
|
Name : |
Udit Master |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Laxmikant |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2014
|
Category of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
3281700 |
74.80 |
|
|
3281700 |
74.80 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
3281700 |
74.80 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
300 |
0.01 |
|
|
300 |
0.01 |
|
|
|
|
|
|
10500 |
0.24 |
|
|
|
|
|
|
625700 |
14.26 |
|
|
401300 |
9.15 |
|
|
67600 |
1.54 |
|
|
67600 |
1.54 |
|
|
1105100 |
25.19 |
|
Total Public shareholding (B) |
1105400 |
25.20 |
|
Total (A)+(B) |
4387100 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
4387100 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of polyester yarn. |
|
|
|
|
Products : |
Polyester yarn |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
35 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
-- |
|
Auditors : |
|
|
Name : |
Shankarlal Jain and Associates Chartered Accountants |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Sunrise Colours Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500000 |
Equity Shares |
Rs.10/- each |
Rs. 105.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4387100 |
Equity Shares |
Rs.10/- each |
Rs. 43.871
Million |
|
|
|
|
|
Note:
DETAILS OF
SHAREHOLDERS HOLDING MORE THAN 5% SHARE IN THE COMPANY:
|
|
% of Holding |
No. of Share |
|
Shri Sharad Poddar * |
12.17 |
533,900 |
|
Shri Jatta Shankar Poddar * |
10.04 |
440,500 |
|
Smt. Seema J Poddar |
5.01 |
219,900 |
|
Shivkripa Enterprise Private Limited |
0.00 |
-- |
|
Smt. Pushpa Devi Poddar |
0.00 |
-- |
|
* Open Offer has been made pursuant to Regulation 3(2) and other applicable provisions of SEBI(Substantial Acquisition of Shares and Takeovers( Regulations , 2011 by the Promoters of the Company for acquiring 11,40,646 shares at a price of Rs 3/- and after completion of open offer formalities in April 2014 , shareholding of promoter's has been increased from 32.15% to 74.80% |
||
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 |
43.871 |
43.871 |
43.871 |
|
(b) Reserves & Surplus |
(19.207) |
(45.117) |
(57.102) |
|
(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) |
24.664 |
(1.246) |
(13.231) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
34.000 |
43.900 |
42.619 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
34.000 |
43.900 |
42.619 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
6.641 |
6.651 |
19.447 |
|
(c) Other current liabilities |
2.811 |
2.527 |
3.827 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
9.452 |
9.178 |
23.274 |
|
|
|
|
|
|
TOTAL |
68.116 |
51.832 |
52.662 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17.862 |
16.421 |
10.485 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1.390 |
1.884 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.677 |
0.047 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
20.929 |
18.352 |
10.485 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.799 |
1.000 |
2.415 |
|
(b) Inventories |
18.343 |
13.450 |
23.731 |
|
(c) Trade receivables |
18.667 |
13.383 |
10.011 |
|
(d) Cash and cash equivalents |
4.240 |
4.916 |
4.874 |
|
(e) Short-term loans and
advances |
3.797 |
0.574 |
0.777 |
|
(f) Other current assets |
0.341 |
0.157 |
0.369 |
|
Total
Current Assets |
47.187 |
33.480 |
42.177 |
|
|
|
|
|
|
TOTAL |
68.116 |
51.832 |
52.662 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
258.563 |
198.937 |
36.788 |
|
|
Other Income |
1.390 |
7.276 |
1.019 |
|
|
TOTAL
(A) |
259.953 |
206.213 |
37.807 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
143.637 |
108.788 |
39.153 |
|
|
Other Manufacturing Expenses |
73.019 |
58.844 |
4.668 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.713) |
9.250 |
(21.525) |
|
|
Employees benefits expense |
6.699 |
4.976 |
1.209 |
|
|
Other expenses |
11.966 |
10.886 |
2.102 |
|
|
Exceptional
Item |
|
|
|
|
|
Loans Written Back |
0.000 |
0.000 |
(101.879) |
|
|
Interest Accrued on Loans
Written Back |
0.000 |
0.000 |
(35.382) |
|
|
TOTAL
(B) |
232.608 |
192.744 |
(111.654) |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
27.345 |
13.469 |
149.461 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.082 |
0.033 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.263 |
13.436 |
149.461 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.353 |
1.450 |
1.575 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
25.910 |
11.986 |
147.886 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
25.910 |
11.986 |
147.886 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(87.150) |
(99.136) |
(247.022) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(61.240) |
(87.150) |
(99.136) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.91 |
2.73 |
33.71 |
QUARTERLY RESULTS
|
PARTICULARS |
1st Quarter 30.06.2014 |
2nd Quarter 30.09.2014 |
3rd Quarter 31.12.2014 |
|
Audited / UnAudited |
UnAudited |
UnAudited |
UnAudited |
|
Net Sales |
76.800 |
94.900 |
80.400 |
|
Total Expenditure |
68.300 |
86.200 |
74.100 |
|
PBIDT (Excl OI) |
8.500 |
8.700 |
6.300 |
|
Other Income |
0.000 |
0.300 |
1.000 |
|
Operating Profit |
8.600 |
9.000 |
7.300 |
|
Interest |
0.000 |
0.000 |
0.000 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
8.600 |
9.000 |
7.300 |
|
Depreciation |
0.500 |
0.500 |
0.200 |
|
Profit Before Tax |
8.100 |
8.500 |
7.100 |
|
Tax |
0.000 |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
8.100 |
8.500 |
7.100 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
8.100 |
8.500 |
7.100 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.02 |
6.03 |
402.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.58 |
6.77 |
406.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
38.83 |
24.00 |
280.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.05 |
(9.62) |
(11.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.38 |
(35.23) |
(3.22) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.99 |
3.65 |
1.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
43.871 |
43.871 |
43.871 |
|
Reserves & Surplus |
(57.102) |
(45.117) |
(19.207) |
|
Net
worth |
(13.231) |
(1.246) |
24.664 |
|
|
|
|
|
|
long-term borrowings |
42.619 |
43.900 |
34.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
42.619 |
43.900 |
34.000 |
|
Debt/Equity
ratio |
-3.221 |
-35.233 |
1.379 |
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 |
36.788 |
198.937 |
258.563 |
|
|
|
440.766 |
29.972 |
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 |
36.788 |
198.937 |
258.563 |
|
Profit |
147.886 |
11.986 |
25.910 |
|
|
402.00% |
6.03% |
10.02% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
REVIEW OF OPERATIONS
FOR 2013-14
In the year, the turnover of the company has increased to Rs. 258.563 Million from Rs 198.937 Million Operating Profit Margin has also increased to Rs 25.910 Million from Rs. 11.986 Million due to selling of value added dyed yarn.
The management continues to pursue its efforts to further improve its capacity utilization, operating efficiencies and cost competitiveness to improve its performance in the coming year through increase in Turnover, improved with appropriate restructuring of products and procedures. Outlook for current year will be better barring any unforeseen circumstances.
MANAGEMENT DISCUSSION
AND ANALYSIS 2013-14
The Management of JATTASHANKAR INDUSTRIES LIMITED presents its report covering performance and outlook of the Company. The Report has been prepared in compliance with the requirement of Corporate Governance as laid down in the Listing Agreement. The Management accepts responsibility for the integrity and objectivity of the financial statements.
However, investors and readers are cautioned that this discussion contains certain forward looking Statements that involve risk and uncertainties.
Industry Structure
and Developments:
In year 2013-14, India’s economic growth were stagnant with Low GDP growth, Low industrial output ,High inflation, High Interest Rate, Depreciation in Rupee and conservative policy reform. Growth of Indian textile industry also effected due to above adverse Economic factors. Indian Textile Industry is one of such sectors which contribute to national economy in terms of employment generation and foreign exchange earning. The Textiles Industry accounts for 14% of industrial production, which is 4% of GDP; 9% of total excise collections, 18% of employment in industrial sector and employ 35 million people and accounts of nearly 17% share of the country’s total export basket. The highlights of Union Budget 2014-2015 in respect of Textiles Sector are Technology Up gradation Fund Scheme (TUFS) to continue in 12th Plan with an investment target of Rs. 2000000.000 Million. The major focus would be on modernisation of the powrloom sector.
Ministry of Textile to set up Scheme for Integrated Textile Parks (SITP). The Scheme will necessary infrastructure to facilitate the textiles industry become globally competitive using latest processing standards and technology. Company’s Business Company is mainly engaged in business of Manufacturer and processor of Polyestors yarn and same falls under Man made Fibre Industry which is itself a part of Textile Industry. Company is having facility to manufacture Texturised, Twisted, High Bulk and Dyed Yarns which are used for making fabrics for Shirting, Suiting Upholstery, Elastic Tape, Narrow Woven Fabrics,Knitting, Labels and Curtains etc.
Segment–wise performance:
Company operates only in one segment as the Manufacturer of Polyester Dyed Yarn,High Bulk Yarn ,Cotton Dyed Yarn and other fancy Dyed Yarn and performance of same are reflected in financial statement.
OUTLOOK
With the favourable government policies from New Stable Government, Outlook of current year remain extremely good Company is implementing an action plan which comprises thrust on high margin products, increase in capacity utilisation, optimizing working capital managment.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Strategic Promoter |
34.000 |
43.900 |
|
Total |
34.000 |
43.900 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED
|
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90228729 |
15/02/1994 |
11,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER CUFFE
PARADE, MUMBAI, MAHARASHTRA - 400 |
- |
|
2 |
90228269 |
21/02/1990 |
3,359,500.00 |
CENTRAL BANK OF INDIA |
COTTON EXCHANGE
BRANCH KALBADEVI RAOD, BOMBAY, MA |
- |
|
3 |
90228166 |
20/03/1989 |
552,500.00 |
CENTRAL BANK OF INDIA |
KALBADEVI RAOD, BOMBAY, MAHARASHTRA - 400002, INDIA |
- |
UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31, DECEMBER, 2014
(Rs. In Million)
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Year to date ( Unaudited) |
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
|
|
|
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
80.408 |
94.898 |
252.130 |
|
b) Other operating income |
0.000 |
0.000 |
0.000 |
|
Total
income from Operations(net) |
80.408 |
94.898 |
252.130 |
|
2.Expenditure |
|
|
|
|
a) Cost of material consumed |
36.960 |
53.056 |
127.949 |
|
b) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
6.232 |
(6.427) |
(1.717) |
|
c) Employees benefit expenses |
1.506 |
3.465 |
6.513 |
|
d) Depreciation and amortization expenses |
0.173 |
0.487 |
1.123 |
|
e) Other expenditure |
29.432 |
36.086 |
95.859 |
|
Total expenses |
74.303 |
86.667 |
229.727 |
|
3. Profit from operations before other income and
financial costs |
6.105 |
8.231 |
22.403 |
|
4. Other income |
0.977 |
0.272 |
1.278 |
|
5. Profit from ordinary activities before finance costs |
7.082 |
8.503 |
23.681 |
|
6. Finance costs |
0.004 |
0.006 |
0.014 |
|
7. Net profit/(loss) from
ordinary activities after finance costs but before exceptional items |
7.078 |
8.497 |
23.667 |
|
8. Exceptional item |
0.000 |
0.000 |
0.000 |
|
9. Profit from ordinary
activities before tax Expense: |
7.078 |
8.497 |
23.667 |
|
10.Tax expenses |
0.000 |
0.00 |
0.000 |
|
11.Net Profit / (Loss) from ordinary activities
after tax (9-10) |
7.078 |
8.497 |
23.667 |
|
12.Extraordinary Items (net
of tax expense) |
0.000 |
0.000 |
0.000 |
|
13.Net Profit / (Loss) for the
period (11 -12) |
7.078 |
8.497 |
23.667 |
|
14.Paid-up equity share capital (Nominal value
Rs.10/- per share) |
43.871 |
43.871 |
43.871 |
|
15. Reserve excluding Revaluation Reserves as per balance sheet of
previous accounting year |
-- |
-- |
-- |
|
16.i) Earnings per share-Basic & Diluted (in
Rupees) (*not annualised) |
1.16 |
1.94 |
5.39 |
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Year to date ( Unaudited) |
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
1105400 |
1105400 |
1105400 |
|
- Percentage of shareholding |
25.20 |
25.20 |
25.20 |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
NIL |
NIL |
NIL |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
NIL |
NIL |
NIL |
|
Percentage of shares (as a % of total share capital of the
company) |
NIL |
NIL |
NIL |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
3281700 |
3281700 |
3281700 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
100.00 |
100.00 |
100.00 |
|
Percentage of shares (as a % of total share capital of the
company) |
74.80 |
74.80 |
74.80 |
|
|
|
|
|
|
B.
Investor Complaints |
|
|
|
|
Pending at the beginning of the quarter |
0 |
|
|
|
Receiving during the quarter |
1 |
|
|
|
Disposed of during the quarter |
1 |
|
|
|
Remaining unreserved at the end of the quarter |
0 |
|
|
NOTE:
- The above results were reviewed by Audit Committee and thereafter taken approved and taken on record in the meeting of the Board of Directors of the Company held on February 12, 2015.
- Company has shown Tax Expenses as Nil after considering MAT Credit Entitlement of Rs. 3.324 Million.
- Company has achieved certificate for Quality of its product under OEKO-TEX STANDARD 100.
- Company operates in only One segment of Manufacturing of Yarn and Elastic Tape.
- Figures are provisional and have been regrouped wherever necessary.
FIXED ASSETS
TANGIBLE ASSETS
- Freehold Land
- Factory Buildings
- Office Premises
- Plant and Machinery
- Computer Hardware
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Software Licenses
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.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
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 |
|
27 |
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.