MIRA INFORM REPORT
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Report No. : |
336405 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
EVEREST INDUSTRIES LIMITED |
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|
|
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Registered
Office : |
Gat No.152, Lakhmapur, Taluka Dindori, Nashik – 422202, Maharashtra |
|
Tel. No.: |
91-2557-250375/ 462 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
03.04.1934 |
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Com. Reg. No.: |
11-002093 |
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Capital
Investment / Paid-up Capital : |
Rs.152.900 Million |
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CIN No.: [Company Identification
No.] |
L74999MH1934PLC002093 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01437C |
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PAN No.: [Permanent Account No.] |
AAACE7550N |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchange. |
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Line of Business
: |
Manufacturing
and Trading of products like Roofing Products, Ceilings, Walls, Flooring,
Cladding, Doors, Pre-engineered Steel Buildings and Other Building Products
and Accessories |
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|
|
|
No. of Employees
: |
840 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 9100000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated during 1934
having a good track record. The company has progressed well during FY 2015. General financial position
of the company is sound and healthy. Further the rating also takes into consideration company established
position in the domestic asbestos-Cement (AC) roofing market. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. In view of long track record and extensive experience of its
promoters, the company can be considered good for normal business dealings at
usual trade terms and condition. |
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=A+ |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
17.04.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A1 |
|
Rating Explanation |
Very strong degree of safety and carry very
lowest credit risk. |
|
Date |
17.04.2015 |
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
31-03-2013.
INFORMATION DENIED
Management Non Co-operative (91-2557-250462)
LOCATIONS
|
Registered Office/ Factory: |
Gat No. 152, Lakhmapur, Taluka Dindori, Nashik – 422202, Maharashtra,
India |
|
Tel. No.: |
91-2557-250375/ 462 |
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Fax No.: |
91-2557-250376 |
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E-Mail : |
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Website : |
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Head/ Corporate Office : |
Genesis, A-32 Mohan Co-operative Industrial Estate Mathura Road New Delhi
– 110044, India |
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Tel. No.: |
91-11-41731951/ 52 |
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Fax No.: |
91-11-46566370 |
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E-Mail : |
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Factories : |
Kymore Works Everest Nagar,
P.O. Kymore, District Katni – 438880 Madhya Pradesh, India Kolkata Works ‘Everest House’
1, Taratola Road, Garden Reach, Kolkata – 700024, West Bengal, India Podanur Works Podanur P O., Coimbatore – 641023, Tamilnadu, India Bhagwanpur Works Khasra Nos.158
and 159, Village Lakesari, Pargana Bhagwanpur, Tehsil Roorkee, District
Haridwar – 247661, Somnathpur Works Z5, IID Centre,
Somnathpur, Tehsil Remuna, District. Baleshwar – 756019, Odisha, India Ranchi Works Sarwal Namkum,
Opposite Tola – Charna Bera Ranchi – 834010, Jharkhand, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Aditya Vikram Somani |
|
Designation : |
Chairman |
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Date of Birth |
04.11.1973 |
|
Qualifications |
MBA, PGDM, M.Com. |
|
Date of Appointment |
07.11.2005 |
|
|
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Name : |
Mr. M. L. Gupta |
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Designation : |
Vice Chairman |
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Name : |
Mr. Sandeep Junnarkar |
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Designation : |
Director |
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|
Name : |
Mr. Madan Lal Narula |
|
Designation : |
Director |
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Date of Birth |
25.10.1940 |
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Qualifications |
B.Sc. Engineering (Electrical) |
|
Date of Appointment |
30.01.2008 |
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Name : |
Mr. Amitabh Das Mundhra |
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Designation : |
Director |
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|
Name : |
Mr. B. L. Taparia |
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Designation : |
Director |
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Date of Birth |
05.07.1950 |
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Qualifications |
B.Com, LL.B., F.C.S. |
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Date of Appointment |
10.5.2013 |
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|
Name : |
Ms. Bhavna G. Doshi |
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Designation : |
Director |
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Name : |
Mr. Manish Sanghi |
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Designation : |
Managing Director |
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Date of Birth |
04.02.1963 |
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Qualifications |
08.07.2002 |
|
Date of Appointment |
B.E. (Mech.), PGDM (IIM-A) |
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|
Name : |
Mr. Y. Srinivasa Rao |
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Designation : |
Executive Director (Operations) |
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Qualifications |
B.Sc. Engg. (Mechanical) |
KEY EXECUTIVES
|
Name : |
Mr. Neeraj Kohli |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter
Group |
|
|
|
(1) Indian |
|
|
|
|
7520470 |
49.18 |
|
|
7520470 |
49.18 |
|
|
|
|
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Total shareholding of Promoter and Promoter Group (A) |
7520470 |
49.18 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
2166164 |
14.17 |
|
|
1075 |
0.01 |
|
|
200 |
0.00 |
|
|
187 |
0.00 |
|
|
1275 |
0.01 |
|
|
2168901 |
14.18 |
|
|
|
|
|
|
700182 |
4.58 |
|
|
|
|
|
|
3236602 |
21.17 |
|
|
1197516 |
7.83 |
|
|
467424 |
3.06 |
|
|
130471 |
0.85 |
|
|
336953 |
2.20 |
|
|
5601724 |
36.63 |
|
Total Public shareholding (B) |
7770625 |
50.82 |
|
Total (A)+(B) |
15291095 |
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) |
15291095 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
and Trading of products like Roofing Products, Ceilings, Walls, Flooring, Cladding,
Doors, Pre-engineered Steel Buildings and Other Building Products and
Accessories |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
840 (Approximately) |
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Bankers : |
·
State Bank of ·
ICICI Bank Limited ·
Axis Bank Limited ·
HDFC Bank Limited ·
Kotak Mahindra Bank Limited ·
DBS Bank Limited |
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Facilities : |
NOTES: LONG TERM
BORROWINGS External
Commercial Borrowing (ECB) from ICICI Bank Limited of Rs.60.100 Million
(previous year Rs.163.140 Million) is secured by a first pari-passu charge
over all the immoveable and moveable fixed assets other than the immoveable
fixed assets situated at Podanur plant and second pari-passu charge on all
current assets of the Company. The ECB is repayable in 12 half yearly
instalments of USD 1,000,000; the last instalment is due in July 2014. The
rate of interest is Libor+1.03% per annum. External
Commercial Borrowing (ECB) from DBS Bank Limited of Rs.536.640 Million
(previous year Rs.619.200 Million) is secured by first pari-passu charges on
all the immoveable and movable fixed assets other than the immoveable fixed assets
situated at Podanur and Kolkata and second pari passu charge on all present
and future current assets of the Company. The ECB is repayable in 15
quarterly instalments of USD 800,000; the last instalment is due in April
2017. The rate of interest is 10.40% per annum. Term Loan from
HDFC Bank Limited of Rs.179.550 Million (previous year Rs. Nil) to be secured
by exclusive charge over the immovable property situated at Noida. The loan
is repayable in 20 quarterly instalments of Rs.9.450 Million; the last
instalment is due in November 2018. The rate of interest is 12.00% per annum. SHORT TERM
BORROWINGS Loans from banks
are secured by a first pari-passu charge by way of hypothecation of stocks,
present and future, book debts and receivables and second pari-passu charge
on all fixed assets, land and buildings both present and future, except land
and building situated at Kolkata plant. |
|
Financial Institution : |
· 3i Infotech Trusteeship Services Limited, 3rd to 6th Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai – 400703, Maharashtra, India |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Gurgaon, Haryana, India |
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Associate company
(As on 31.03.2014) : |
Everest Building Solutions Limited (upto 23 March, 2014) – Has not
commenced operations |
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|
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|
Subsidiary
companies (As on 31.03.2014) : |
·
Everest Building Products, Mauritius (w.e.f. 9 September,
2013) – Has not commenced commercial operations ·
Everestind FZE, United Arab Emirates (UAE)
(w.e.f. 18 December, 2013) –subsidiary of Everest Building Products – Has not
commenced operations |
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|
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Enterprise
exercising significant influence (As on 31.03.2014) : |
Falak Investment Private Limited |
CAPITAL
STRUCTURE
As on 31.03.2015
Authorised Capital : Not Divulged
Issued, Subscribed & Paid-up Capital : Rs.152.900
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
Rs.10/- each |
Rs.170.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15194665 |
Equity Shares |
Rs. 10/- each |
Rs.151.947 Million |
|
|
|
|
|
Of the above:
15,000 (previous
year 15,000) equity shares are allotted as fully paid up pursuant to a contract
without payment being received in cash 13,350,020 (previous year 13,350,020) equity
shares are allotted as fully paid up by way of bonus shares by capitalisation
of general reserve
The Company has
one class of equity shares having a par value of Rs.10 each. Each shareholder
is eligible for one vote per share held.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
152.900 |
151.947 |
151.873 |
|
(b) Reserves & Surplus |
3044.200 |
2793.324 |
2745.852 |
|
(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) |
3197.100 |
2945.271 |
2897.725 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
947.900 |
513.270 |
591.020 |
|
(b) Deferred tax liabilities (Net) |
295.100 |
283.175 |
245.656 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
59.900 |
60.788 |
75.758 |
|
Total
Non-current Liabilities (3) |
1302.900 |
857.233 |
912.434 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1857.000 |
1655.548 |
952.012 |
|
(b)
Trade payables |
1321.800 |
1228.610 |
1089.117 |
|
(c)
Other current liabilities |
1352.000 |
1291.600 |
958.913 |
|
(d)
Short-term provisions |
469.500 |
296.996 |
202.428 |
|
Total
Current Liabilities (4) |
5000.300 |
4472.754 |
3202.470 |
|
|
|
|
|
|
TOTAL |
9500.300 |
8275.258 |
7012.629 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3512.100 |
2691.476 |
2065.026 |
|
(ii)
Intangible Assets |
0.000 |
125.913 |
48.500 |
|
(iii)
Capital work-in-progress |
0.000 |
610.480 |
371.146 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
77.400 |
6.337 |
0.245 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
871.000 |
745.053 |
432.937 |
|
(e)
Other Non-current assets |
33.600 |
2.905 |
1.422 |
|
Total
Non-Current Assets |
4494.100 |
4182.164 |
2919.276 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2718.500 |
2420.884 |
2541.660 |
|
(c)
Trade receivables |
1043.100 |
807.081 |
523.495 |
|
(d)
Cash and cash equivalents |
636.300 |
251.430 |
528.531 |
|
(e)
Short-term loans and advances |
598.000 |
608.216 |
487.428 |
|
(f)
Other current assets |
10.300 |
5.483 |
12.239 |
|
Total
Current Assets |
5006.200 |
4093.094 |
4093.353 |
|
|
|
|
|
|
TOTAL |
9500.300 |
8275.258 |
7012.629 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
12305.000 |
10352.516 |
10141.329 |
|
|
|
Other Income |
104.600 |
123.369 |
87.525 |
|
|
|
TOTAL (A) |
12409.600 |
10475.885 |
10228.854 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
7056.600 |
5745.939 |
5902.861 |
|
|
|
Purchases of stock-in-trade |
149.400 |
280.556 |
159.310 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(142.800) |
7.052 |
(443.792) |
|
|
|
Employee benefits expense |
1091.000 |
969.649 |
920.970 |
|
|
|
Other expenses |
2393.500 |
2950.780 |
2624.167 |
|
|
|
Freight |
938.000 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
11485.700 |
9953.976 |
9163.516 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
923.900 |
521.909 |
1065.338 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
186.900 |
125.690 |
55.799 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
737.000 |
396.219 |
1009.539 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
254.200 |
267.204 |
220.524 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
482.800 |
129.015 |
789.015 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
140.700 |
37.519 |
264.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
342.100 |
91.496 |
524.997 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1830.248 |
1792.385 |
1453.151 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
9.190 |
52.500 |
|
|
|
Dividend |
|
37.987 |
113.905 |
|
|
|
Tax on Dividend |
|
6.456 |
19.358 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1830.248 |
1792.385 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Goods Exported |
|
590.485 |
561.101 |
|
|
TOTAL EARNINGS |
NA |
590.485 |
561.101 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
1883.405 |
2414.059 |
|
|
|
Stores & Spares |
|
15.226 |
13.678 |
|
|
|
Capital Goods |
|
78.728 |
1.357 |
|
|
|
Others |
|
1.609 |
58.121 |
|
|
TOTAL IMPORTS |
NA |
1978.968 |
2487.215 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.45 |
6.02 |
34.70 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
263.020 |
191.320 |
|
Cash generated from operations |
NA |
478.779 |
234.620 |
|
Net cash flow from / (used in) operating activities |
NA |
417.933 |
(69.432) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
2.78 |
0.88 |
5.18 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.51 |
5.04 |
10.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
5.12 |
1.68 |
11.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.04 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.88 |
0.83 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00 |
0.92 |
1.28 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.383.00/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
151.873 |
151.947 |
152.900 |
|
Reserves & Surplus |
2745.852 |
2793.324 |
3044.200 |
|
Net
worth |
2897.725 |
2945.271 |
3197.100 |
|
|
|
|
|
|
long-term borrowings |
591.020 |
513.270 |
947.900 |
|
Short term borrowings |
952.012 |
1655.548 |
1857.000 |
|
Total
borrowings |
1543.032 |
2168.818 |
2804.900 |
|
Debt/Equity
ratio |
0.532 |
0.736 |
0.877 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
10141.329 |
10352.516 |
12305.000 |
|
|
|
2.082 |
18.860 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
10141.329 |
10352.516 |
12305.000 |
|
Profit |
524.997 |
91.496 |
342.100 |
|
|
5.18% |
0.88% |
2.78% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10415557 |
30/04/2014 * |
619,200,000.00 |
Dbs Bank Ltd. |
Capital Point,
Baba Kharak Singh Marg, Connaught Place,
New Delhii - 110001, India |
C03899754 |
|
2 |
10369338 |
30/04/2014 * |
100,000,000.00 |
DBS Bank Ltd. |
Capital Point,
Baba Kharak Singh Marg,, Connaught Place,
New Delhii - 110001, India |
C03861275 |
|
3 |
10303259 |
30/04/2014 * |
420,000,000.00 |
Kotak Mahindra
Bank Limited |
7th Floor,
Ambadeep Building, 14,, K G Marg,, New Delhi
- 110001, India |
C03785508 |
|
4 |
10133157 |
30/04/2014 * |
750,000,000.00 |
Hdfc Bank
Limited |
Hdfc Bank Housesenapati
Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
C03876174 |
|
5 |
10127598 |
03/11/2008 |
492,000,000.00 |
3i Infotech
Trusteeship Services Limited |
3rd To 6th Floor,
International Infotech Park,, Tower No.5, Vashi Railway Station Complex,
Vashi, Navi Mumbai, Maharashtra - 400703, India |
A49787617 |
|
6 |
10127595 |
30/04/2014 * |
492,000,000.00 |
3i Infotech
Trusteeship Services Limited |
3rd To 6th Floor,
International Infotech Park,, Tower No.5, Vashi Railway Station Complex,
Vashi, Navi Mumbai, Maharashtra - 400703, India |
C03918497 |
|
7 |
10127596 |
30/04/2014 * |
980,000,000.00 |
ICICI Bank Ltd. |
Landmark, Race Course
Circle,, Alkapuri,, Baroda, |
C03919651 |
|
8 |
10080917 |
10/05/2012 * |
980,000,000.00 |
ICICI Bank
Limited |
Landmark race
Cource Circle, Alkapuri, Baroda, Guj |
B40714255 |
|
9 |
10011604 |
30/04/2014 * |
250,000,000.00 |
Axis Bank
Limited |
2nd Floor,
Statesman House, 148, Barakhamba Road, |
C04675906 |
|
10 |
80014472 |
28/05/2014 * |
550,000,000.00 |
State Bank of
India |
Overseas Branch,
Jawahar Vyapar Bhawan,, 1, Tolstoy Marg, New Delhi, Delhi - 110001, India |
C04671111 |
*Date of modification Charges
FIXED ASSETS:
·
Land (Freehold /
Leasehold)
·
Building (On Freehold
Land)
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Leasehold
Improvements
·
Roads
·
Computer Software
·
Technical Knowhow
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2015
Rs. In Million
|
Particulars |
3 Months ended30.06.2015 |
|
|
(Unaudited) |
|
Net Sales/ Income from Operations |
4022.500 |
|
Other Operating Income |
46.800 |
|
Total income
from operation |
4069.300 |
|
Expenditure |
|
|
a) Cost of Materials Consumed |
2143.700 |
|
b) Purchase of Stock in trade |
41.700 |
|
c) Change in inventories of finished goods, work in progress &
stock in trade |
233.900 |
|
d) Employee benefits expense |
319.300 |
|
e) Depreciation and amortization expense |
68.400 |
|
f) Freight |
309.200 |
|
g) Other expenses |
643.700 |
|
Total |
3759.900 |
|
Profit from operations
before Other Income, Interest and Exceptional Items (1-2) |
309.400 |
|
Other Income |
77.000 |
|
Profit before Interest and Exceptional Items (3+4) |
386.400 |
|
Interest |
39.700 |
|
Profit after Interest but before Exceptional Items (5-6) |
346.700 |
|
Exceptional Items |
0.000 |
|
Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) |
346.700 |
|
Tax expense |
117.300 |
|
Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) |
229.400 |
|
Extraordinary Items (Net of tax expense) |
0.000 |
|
Net Profit (+)/ Loss (-) for the period |
229.400 |
|
Paid-up equity share capital (Face value of Rs.10/- each) |
153.400 |
|
Reserves excluding Revaluation Reserves as per balance sheet of previous
accounting year |
|
|
Earnings per
share |
|
|
Before Extraordinary items (not annualized) |
|
|
- Basic (Rs.) |
14.98 |
|
|
|
|
|
|
|
Public Shareholding |
|
|
- No. of shares |
7814930 |
|
- Percentage of shareholding |
50.96% |
|
Promoters and promoter group shareholding |
|
|
Pledged/ Encumbered |
|
|
- No. of shares |
Nil |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
Nil |
|
- Percentage of shares (as a % of the total share capital of the company) |
Nil |
|
Non-encumbered |
|
|
- No. of shares |
7520470 |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
100.00% |
|
- Percentage of shares (as a % of the total share capital of the company) |
49.04% |
|
|
|
|
|
|
|
INVESTOR
COMPLAINTS |
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed during the quarter |
Nil |
|
Remaining unresolved at the end of the quarter |
Nil |
UNAUDITED SEGMENT
WIE REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. In
Million)
|
Particulars |
Year
Ended (
Unaudited) |
|
|
30.06.2015 |
|
1.
Segment Revenue |
|
|
a. Building products |
2842.900 |
|
b. Steel Buildings |
1226.400 |
|
Total |
4069.300 |
|
|
|
|
2.
Segment Result (Profit
before Interest and Tax) |
|
|
a. Building products |
363.500 |
|
b. Steel Buildings |
38.100 |
|
Total |
401.600 |
|
|
|
|
Less
: (i) Interest |
39.700 |
|
(ii) Other un-allocable
expenditure net off un-allocable income. |
15.200 |
|
Profit
before Tax |
346.700 |
|
3.
Capital Employed |
|
|
a. Building products |
3606.700 |
|
b. Steel Buildings |
1442.900 |
|
c. Unallocable |
(1615.200) |
|
|
|
|
Total |
3434.400 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
63 |
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.