MIRA INFORM REPORT
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Report No. : |
337861 |
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Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTERARCH BUILDING PRODUCTS PRIVATE LIMITED (w.e.f. 09.08.1985) |
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Formerly Known
As : |
LUXALON BUILDING PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
Farm No. - 8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Tehsil Mehrauli, New Delhi-110047,Delhi |
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Tel. No.: |
91-120-4170200/2586300/2581029 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
30.11.1983 |
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Com. Reg. No.: |
55-17029 |
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Capital
Investment / Paid-up Capital : |
Rs. 75.003 Million |
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CIN No.: [Company Identification
No.] |
U45201DL1983PTC017029 |
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IEC No.: |
0588057428 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELI04536A |
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PAN No.: [Permanent Account No.] |
AAAC1016J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the manufacturing, supply, erection and installation of Pre-Engineered Steel construction solutions, Metal roofing and cladding systems and Metal false ceilings. |
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No. of Employees
: |
1800 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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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 incorporated during the year 1983.
It has a satisfactory track record. The company has lower down its operating performance, which has
resulted in negative 6.9% of operating margins. Where, it has decent sales
turnover in the FY 14. Further, the company has good financial risk profile marked by
adequate net worth position and low borrowing taken by the company. The company has shown improvement in the profit earnings in the
provisional financials of the year 2015. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. In view of long business track record, the company can be considered
for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term bank loan facilities BBB+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
19.01.2015 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term bank facilities A2 |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
19.01.2015 |
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 PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. R.N. Mishra |
|
Designation : |
AVP in finance |
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Contact No.: |
91-120-4170200 |
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Date : |
20.08.2015 |
LOCATIONS
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Registered Office : |
Farm No. - 8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Tehsil Mehrauli, New Delhi-110047,Delhi, India |
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Tel. No.: |
91-120-4170200/2586300/2581029 |
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Fax No.: |
91-120-2581017 |
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E-Mail : |
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Website : |
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Corporate Office : |
B-30 Sector 57, Noida - 201 301, Uttar Pradesh, India |
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Factory 1 : |
29, Udyog Vihar Industrial Area, Greater Noida Gautam
Budh Nagar, Noida -201306, Uttar Pradesh, India |
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Factory 2 : |
Plot No. 14, Sector-2, Intergated Industrial Estate, Pant Nagar, Rudrapur-263143, Uttarakhand, India |
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Factory 3 : |
Plot A, Khasara No.276A, 2km On Kichha Rudrapur Road Kichha -263148, Dist. Udham Singh Nagar, Uttarakhand, India |
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Factory 4 : |
Plot No. D-1/1, Sipcot Industrial Park, Mambakkam,
Sriperembadur-602105, Kancheepuram, Tamilnadu, India |
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Regional office : |
Located at : ·
Chandigarh ·
Ahmedabad ·
Baroda ·
Bhopal ·
Indore ·
Kolkata ·
Pune ·
Hyderabad ·
Bangalore |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Gautam Suri |
|
Designation : |
Director |
|
Address : |
F - 36, Radhe Mohan Drive, Gadaipur Bandh, New Delhi-110030, Delhi,
India |
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Date of Birth/Age : |
30.09.1952 |
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Date of Appointment : |
30.11.1983 |
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PAN No.: |
AAAJPS9920L |
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DIN No.: |
00149374 |
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Name : |
Mr. Arvind Nanda |
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Designation : |
Director |
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Address : |
6, Dera Mandi Road, Dera Mandi Village, Mehrauli, New Delhi-110047, Delhi,
India |
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Date of Birth/Age : |
16.10.1954 |
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Date of Appointment : |
30.11.1983 |
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PAN No.: |
AAAPN2641L |
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DIN No.: |
00149426 |
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Name : |
Mrs. Uma Nanda |
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Designation : |
Director |
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Address : |
5/1 Shanti Niketan, Nank Pura, New Delhi-110021, Delhi, India |
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Date of Birth/Age : |
23.11.1930 |
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Date of Appointment : |
05.12.2007 |
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DIN No.: |
00149488 |
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Name : |
Mr. Jaspal Singh Sabharwal |
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Designation : |
Nominee Director |
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Address : |
APH-01, Central Park-I, Main Sector Road, DLF-Sec-42, Gurgaon-122002,
Haryana, India |
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Date of Birth/Age : |
07.06.1967 |
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Date of Appointment : |
05.12.2007 |
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DIN No.: |
00899094 |
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Name : |
Mr. Atul Kapur |
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Designation : |
Nominee Director |
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Address : |
21 Holland PK, # 07-21 Lien Towers, Singapore, 249476,Singapore |
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Date of Birth/Age : |
22.06.1963 |
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Date of Appointment : |
11.07.2011 |
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DIN No.: |
01778935 |
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Name : |
Mr. Ishaan Suri |
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Designation : |
Director |
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Address : |
F-36, Radhe Mohan Drive, Gadaipur Bandh, New Delhi-110030, Delhi,
India |
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Date of Birth/Age : |
04.08.1981 |
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Date of Appointment : |
26.09.2011 |
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PAN No.: |
ATWPS6366G |
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DIN No.: |
02714298 |
KEY EXECUTIVES
|
Name : |
Ms. Nidhi Goel |
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Designation : |
Secretary |
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Address : |
D-32,Sector-49, Noida, Noida-201301, Uttar Pradesh, India |
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Date of Birth/Age : |
17.11.1979 |
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Date of Appointment : |
24.04.2006 |
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PAN No.: |
AJZPG0078L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gautam Suri |
|
238765 |
|
Taipan Associates Private Limited, India |
|
29000 |
|
Arvind Nanda |
|
295260 |
|
Ishaan Suri |
|
29395 |
|
Ishaan Suri/ Gautam Suri |
|
600 |
|
IGS Holdings Private Limited |
|
26250 |
|
Uma Nanda |
|
755 |
|
Shobhna Suri |
|
30005 |
|
Indivision Partners C/o IFS Limited, Mauritius |
|
100000 |
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Total |
|
750030 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
13.33 |
|
Directors or relatives of Directors |
7.37 |
|
Other top fifty shareholders |
79.30 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in the manufacturing, supply, erection and installation of Pre-Engineered Steel construction solutions, Metal roofing and cladding systems and Metal false ceilings. |
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Products / Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Korea ·
Germany ·
China |
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Terms : |
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Selling : |
Cash / L/C / Credit |
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Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1800 (Approximately) |
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Bankers : |
· The Hongkong and Shanghai Banking Corporation Limited Birla Towers, 25 Barakhamba Road, New Delhi - 110001, Delhi, India · ING Vysya Bank Limited, 19th Floor, Tower-A, Building No-5, DLF Cyber City, Phase-Iii, Gurgaon - 122002, Haryana, India · The Bank Of Nova Scotia Dr. Gopal Das Bhavan, 28, Barakhamba Road, New Delhi - 110001, Delhi, India · Standard Chartered Bank, Credit Risk Control, H-2, Connaught Circus,, New Delhi - 110001, Delhi, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.R Batliboi and Company LLP Chartered Accountants |
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Address : |
Golf View Corporate Tower B Sector-42 Sector Road Gurgaon-122002, Haryana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9180N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives (As on 31.03.2014) |
· Intertec · Libra Buildwell Private Limited · Signu Real Estate Private Limited |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,030 |
Equity Shares |
Rs.100/- each |
Rs. 75.003
Million |
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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 |
75.003 |
75.003 |
75.003 |
|
(b) Reserves & Surplus |
1602.062 |
1564.522 |
1698.200 |
|
(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) |
1677.065 |
1639.525 |
1773.203 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.921 |
6.921 |
10.484 |
|
(b) Deferred tax liabilities (Net) |
3.951 |
3.951 |
24.214 |
|
(c) Other long term
liabilities |
91.633 |
91.633 |
66.671 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
102.505 |
102.505 |
101.369 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
138.674 |
35.355 |
55.979 |
|
(b) Trade
payables |
355.038 |
476.717 |
376.252 |
|
(c) Other
current liabilities |
388.306 |
423.315 |
305.084 |
|
(d) Short-term
provisions |
25.961 |
26.102 |
30.756 |
|
Total Current
Liabilities (4) |
907.979 |
961.489 |
768.071 |
|
|
|
|
|
|
TOTAL |
2687.549 |
2703.519 |
2642.643 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
820.394 |
617.414 |
634.885 |
|
(ii)
Intangible Assets |
16.726 |
26.409 |
7.516 |
|
(iii)
Capital work-in-progress |
0.000 |
17.229 |
23.472 |
|
(iv)
Intangible assets under development |
29.518 |
30.664 |
18.379 |
|
(b) Non-current Investments |
84.784 |
84.784 |
32.634 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
156.449 |
150.941 |
124.440 |
|
(e) Other
Non-current assets |
0.000 |
0.324 |
87.573 |
|
Total Non-Current Assets |
1107.871 |
927.765 |
928.899 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
9.851 |
0.000 |
|
(b)
Inventories |
750.263 |
878.201 |
736.881 |
|
(c) Trade
receivables |
540.761 |
483.975 |
585.897 |
|
(d) Cash and
cash equivalents |
60.968 |
262.710 |
290.138 |
|
(e)
Short-term loans and advances |
151.758 |
70.527 |
78.320 |
|
(f) Other
current assets |
75.928 |
70.490 |
22.508 |
|
Total
Current Assets |
1579.678 |
1775.754 |
1713.744 |
|
|
|
|
|
|
TOTAL |
2687.549 |
2703.519 |
2642.643 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3809.154 |
4206.164 |
4569.500 |
|
|
|
Other Income |
54.848 |
38.211 |
NA |
|
|
|
TOTAL (A) |
3864.002 |
4244.375 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2402.542 |
2675.097 |
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
44.204 |
(41.463) |
|
|
|
|
Employees benefits expense |
680.933 |
729.371 |
|
|
|
|
Other expenses |
842.269 |
897.080 |
|
|
|
|
Prior Period Expenses |
(235.114) |
23.119 |
|
|
|
|
TOTAL (B) |
3734.834 |
4283.204 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
129.168 |
(38.829) |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
(6.893) |
2.371 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
136.061 |
(41.200) |
115.780 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
92.728 |
90.965 |
83.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
43.333 |
(132.165) |
31.880 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.793 |
1.513 |
22.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
37.540 |
(133.678) |
8.923 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.610 |
139.288 |
130.365 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
43.150 |
5.610 |
139.288 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
50.05 |
(178.23) |
11.90 |
|
Expected Sales 2015-2016 : Rs. 5000.000 Million
The above information has been parted by Mr. Mishra (AVP Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
0.717 |
6.876 |
6.933 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
113.564 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.99 |
(3.18) |
0.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.39 |
(0.92) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.68 |
(5.14) |
1.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
(0.08) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74 |
1.85 |
2.23 |
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 |
75.003 |
75.003 |
75.003 |
|
Reserves & Surplus |
1698.200 |
1564.522 |
1602.062 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1773.203 |
1639.525 |
1677.065 |
|
|
|
|
|
|
long-term borrowings |
10.484 |
6.921 |
6.921 |
|
Short term borrowings |
55.979 |
35.355 |
138.674 |
|
Current maturities of
long-term debts |
6.933 |
6.876 |
0.717 |
|
Total
borrowings |
73.396 |
49.152 |
146.312 |
|
Debt/Equity
ratio |
0.041 |
0.030 |
0.087 |
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 |
4569.500 |
4206.164 |
3809.154 |
|
|
|
(7.951) |
(9.439) |
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 |
4569.500 |
4206.164 |
3809.154 |
|
Profit |
8.923 |
(133.678) |
37.540 |
|
|
0.20% |
(3.18%) |
0.99% |
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 |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loan from directors |
46.500 |
0.000 |
|
|
|
|
|
Total |
46.500 |
0.000 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10517672 |
16/08/2014 |
878,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai,
Maharashtra - 400051, INDIA |
C18937557 |
|
2 |
10424635 |
12/11/2013 * |
150,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B91108795 |
|
3 |
10402485 |
12/11/2013 * |
300,000,000.00 |
ICICI Bank Limited |
"Landmark", Race Course Circle, Vadodara, Gujarat |
B91108555 |
|
4 |
10402800 |
12/11/2013 * |
360,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5,, I FLOOR,SHOP
NO.1001 TO 1007,BARAKHAMBA ROAD,, NEW D |
B91168237 |
|
5 |
10344337 |
20/03/2012 |
300,000,000.00 |
ICICI Bank Limited |
ICICI Bank Towers, Bandra Kurla Complex, Mumbai, |
B35841287 |
|
6 |
10282832 |
12/11/2013 * |
700,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
Birla Towers, 25 Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
B90240847 |
|
7 |
10148906 |
18/08/2014 * |
400,000,000.00 |
AXIS BANK LTD |
2ND FLOOR , STATESMAN HOUSE, 148, BARAKHAMBA ROAD |
C16858060 |
|
8 |
10014715 |
13/05/2009 * |
700,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
Birla House, 25 Barakhamba Road, New Delhi, Delhi |
A61982740 |
|
9 |
10015065 |
12/11/2013 * |
500,000,000.00 |
Standard Chartered Bank |
CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARA |
B93403038 |
|
10 |
80009365 |
25/02/2008 * |
700,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
Birla House, 25 Barakhamba Road, New Delhi, Delhi |
A34507509 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Office equipment
- Furniture and fixture
- Computer
- Vehicle
- Plant and machinery
- Electricity fittings
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.65.25 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
6 |
|
--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 |
|
48 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.