MIRA INFORM REPORT

 

 

Report No. :

352464

Report Date :

01.12.2015

 

IDENTIFICATION DETAILS

 

Name :

MAURIA UDYOG LIMITED

 

 

Registered Office :

Anand Jyoti Building, 41 Netaji Subhas Road, Room No. 107, 1st Floor, Kolkata - 700001, West Bengal

Tel. No.:

91-33-65180616/ 22309902

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

24.09.1980

 

 

Com. Reg. No.:

21-033010

 

 

Capital Investment / Paid-up Capital :

Rs. 133.500 Million

 

 

CIN No.:

[Company Identification No.]

L51909WB1980PLC033010

 

 

IEC No.:

0588077186

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALM04672D / CALM00576C

 

 

PAN No.:

[Permanent Account No.]

AABCM9522F

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

Manufacturer and Exporter of welded steel cylinders. (From Indirect Sources)

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Maximum Credit Limit :

USD 3100000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an old and established company incorporated in the year 1980 having satisfactory track.

 

Available financial indicates sound financial risk profile marked by healthy net worth position with fair profitability and favorable gap between trade payables- and trade receivables.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct and as per commitments.

 

In view of long standing record and acceptable financial base, the company can be considered normal for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – 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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long term Bank facilities = BBB-

Rating Explanation

Moderate degree of safety and carry moderate credit risk.

Date

December 05, 2014

 

 

Rating Agency Name

CARE

Rating

Short term Bank facilities = A3

Rating Explanation

Moderate degree of safety and carry higher credit risk.

Date

December 05, 2014

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

LOCATIONS

 

Registered Office :

Anand Jyoti Building, 41 Netaji Subhas Road, Room No. 107, 1st Floor, Kolkata - 700001, West Bengal, India

Tel. No.:

91-33-65180616/ 22309902

Mobile No.:

91-9811117130 (Mr. K.M. Pai)

Fax No.:

Not Available

E-Mail :

lmgupta@mauria.com

kmpai@mauria.com

headoffice@mauria.com

mauria@mauria.com

Website:

http://www.mauria.com

 

 

Head Office :

602, Chiranjiv Tower 43, Nehru Place, New Delhi – 110019, India

Tel. No.:

91-11-26221934/ 26414056/ 26447645-47

Fax No.:

91-11-26414057/ 26234244

E-Mail :

mauria_sureka@yahoo.co.in

headoffice@mauria.com 

 

 

Factory  :

Sector - 25, Sohna Road, Faridabad - 121004, Haryana, India

Tel. No.:

91-129-2230394/ 2443195/ 4092003/ 4092006

Fax No.:

91-129-2231220

E-Mail :

mauria@mantraonline.com

info@mauria.com

 

 

Branch Office :

C-200, Industrial Area, Bulandshahar Road, Ghaziabad – 201009, Uttar Pradesh, India

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mr. Navneet Kumar Sureka

Designation :

Managing director

Address:

8 Bougan Villa Avenue Westend, Green Farms Behind Shiv Murti, Rajoukari, New Delhi - 110038, Delhi, India

Date of Birth:

16.09.1973

Qualification :

Graduate

Expertise in specific functional area :

He is an Industrialist having 21 years' experience in the steel industry.

Date of Appointment :

29.07.1997

DIN No.:

00054929

 

 

Name :

Mr. Shiv Kumar Yadav

Designation :

Director

Address:

1621/B, Street No.13, Govind Puri, Kalkaji, New Delhi - 110019, Delhi, India

Date of Birth:

24.11.1958

Qualification :

B.Com.

Expertise in specific functional area :

He is in business having 18 years experience in steel industry.

Date of Appointment :

13.06.2014

DIN No.:

00118786

 

 

Name :

Mr. Salil Rai

Designation :

Director

Address :

D 373 Defence Colony, New Delhi - 110024, Delhi, India

Date of Birth:

25.04.1975

Qualification :

Post Graduate, M.B.A.

Expertise in specific functional area :

He is in business having 20 years experience in paper industry.

Date of Appointment :

13.06.2014

DIN No.:

00121981

 

 

Name :

Mrs. Sujata Kumar

Designation :

Director

Address:

B-122, Leiah Apartment, Vasundhra Enclave, Delhi - 110096, Delhi, India

Date of Birth:

08.10.1975

Qualification :

M.B.A.

Expertise in specific functional area :

She is in service having 1 I years experience in software industry

Date of Appointment :

12.08.2014

DIN No.:

01310030

 

 

Name :

Mr. Vijay Kumar Gupta

Designation :

Director

Address:

11, Kashi Nath Mullick Lane, Kolkata, 700073, West Bengal, India

Date of Birth:

14.07.1957

Qualification :

B.Com

Expertise in specific functional area :

He is in business having 26 years experience in steel industry.

Date of Appointment:

30.07.2008

DIN No.:

00024496

 

 

Name :

Mr. Vishnu Kumar Sureka

Designation :

Whole-time director

Address:

M-14B, South Ext. Part Ii, New Delhi - 110049, Delhi, India

Date of Appointment :

31.12.1992

DIN No.:

00060160

 

 

Name :

Mr. Karkala Manjunath Pai

Designation :

Whole-time director

Address:

1225, Sector-14, Faridabad - 121007, Haryana, India

Date of Appointment :

14.05.2011

DIN No.:

00060371

 

 

KEY EXECUTIVES

 

Name :

Divya Agarwal

Designation :

Secretary

Address:

House No:- 725, First Floor, Sector - 9, Gurgaon - 122001, Haryana, India

Date of Appointment :

01.05.2013

PAN No.:

AEGPA3221B

 

 

Name :

Mr. Yogesh Mathur

Designation :

Chie Finance Officer

Address:

98, TF, Block - BE, Hari Nagar, Delhi, 110064, India

Date of Appointment :

01.04.2014

PAN No.:

ADHPM3604L

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2015

 

Category of Shareholder

No. of Shares

Total Shareholding as a % of Total No. of Shares

(A) Shareholding of Promoter and Promoter Group

 

 

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

9899520

74.32

http://www.bseindia.com/include/images/clear.gifSub Total

9899520

74.32

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

9899520

74.32

(B) Public Shareholding

 

 

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital up to Rs. 0.100 Million

129135

0.97

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital in excess of Rs. 0.100 Million

3291345

24.71

http://www.bseindia.com/include/images/clear.gifSub Total

3420480

25.68

Total Public shareholding (B)

3420480

25.68

Total (A)+(B)

13320000

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

0

0.00

http://www.bseindia.com/include/images/clear.gif(1) Promoter and Promoter Group

0

0.00

http://www.bseindia.com/include/images/clear.gif(2) Public

0

0.00

http://www.bseindia.com/include/images/clear.gifSub Total

0

0.00

Total (A)+(B)+(C)

13320000

0.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of welded steel cylinders. (From Indirect Sources)

 

 

Products :

Product Description

Item Code No.

 

Soyabeen Meal / Oil Cake

230400

LPG Cylinder

731100

TMT Bar

720490

 

 

Brand Names :

Not Available     

 

 

Agencies Held :

Not Available     

 

 

Exports :

Not Available     

 

 

Imports :

Not Available      

 

 

Terms :

Not Available     

 

PRODUCTION STATUS: (AS ON 31.03.2015)

 

LICENSED CAPACITY: Not Applicable

 

ITEMS MANUFACTURED

UNITS

INSTALLED CAPACITY @

LPG Cylinder

Nos.

2400000

 

 

 

LPG Valves

Nos.

1800000

 

 

 

LPG Regulator

Nos.

1200000

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Available     

Name of the Person (Designation):

Not Available     

Contact Number:

Not Available     

Since how long known:

Not Available     

Maximum limit dealt:

Not Available     

Experience:

Not Available     

Remark

Not Available     

 

 

Customers :

Reference:

Not Available     

Name of the Person (Designation):

Not Available     

Contact Number:

Not Available     

Since how long known:

Not Available     

Maximum limit dealt:

Not Available     

Experience:

Not Available     

Remark

Not Available     

 

 

No. of Employees :

Not Available     

 

 

Bankers :

Bank Name:

Andhra Bank

Branch:

SCF 126-127 Main Market, Sector 17, Faridabad, Haryana - 121002, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

 

SECURED LOANS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Term Loan

 

 

Karnataka Bank Limited

2.732

12.451

Religare Finvest Limited

153.469

175.285

ICICI Bank Limited

103.121

112.919

Housing Development Finance Corporation Limited

223.106

231.464

HDB Financial Services Limited

28.277

0.000

Auto and Equipments Loans

 

 

Tata Capital Financial Service Limited

0.303

0.000

HDFC Bank Limited

2.566

6.245

BMW Financial Services Limited

0.000

1.067

ICICI Bank Limited

0.114

9.434

Other Loans

 

 

Forward Lease arrangement with Tamweel, PJSC, Dubai, UAE

19.216

23.322

SHORT TERM BORROWINGS

 

 

Term Loan

 

 

Karnataka Bank Limited

9.600

9.600

Religare Finvest Limited

22.896

21.890

ICICI Bank Limited

9.104

8.150

HDB Financial Services Limited

8.358

6.791

Housing Development Finance Corporation Limited

9.822

11.292

Working Capital Loans

 

 

Karnataka Bank Limited

652.620

484.609

Allahabad Bank

202.150

198.236

Indian Overseas Bank

0.000

150.395

Andhra Bank

342.030

0.000

Bank of India

25.383

0.000

Auto Loans

 

 

Tata Capital Financial Service Limited

0.250

0.000

HDFC Bank Limited

3.421

5.985

BMW Financial Services Limited

1.067

1.169

ICICI Bank Limited

9.522

13.056

Other Loan

 

 

Forward Lease arrangement with Tamweel, PJSC, Dubai, UAE

3.745

4.441

Acceptance

922.410

1064.224

 

 

 

Total

 

2755.282

2552.025

 

 

 

Auditors :

 

Name :

Salarpuria and Partners

Chartered Accountants

Address :

1008, Chiranjiv Tower 43, Nehru Place, New Delhi – 110 019, India

Tel. No.:

91-11-26216579 / 26414726

 

 

Where Control Exists :

[As on 31.03.2014]

·         Akshi Exports Private Limited

·         Bhama Properties Private Limited

·         Biharji Fancy Fibers and Fabrics Limited

·         Bihariji Ispat Udyog Limited

·         Bihariji Solar Power private Limited

·         Bihariji Vidyut Private Limited

·         Chakra Exports Private Limited

·         Deepak Hotels private Limited

·         G L Estates Private Limited

·         J.S.T. Engineering Services Limited

·         Jotindra Steel And Tubes Limited

·         JST Solar Energy Private Limited

·         JST Solar Vidyut Private Limited

·         Magnum Products Private Limited

·         Mauria Power Generation Private Limited

·         Mauria Power Projects Private Limited

·         Mauria Solar Private Limited

·         Puranmat Foods India Private Limited

·         Quality Synthetic Industries Limited

·         Ram Forgings Private Limited

·         S.K.D. Estates Private Limited

·         Saroj Metal Works Private Limited

·         Sri Narayan Steel Industries Private Limited

·         Srinarayan Raj Kumar Merchants Limited

·         Sureka Tubes Industries Private Limited

·         Udayanchal Leasing Exports Private Limited

·         VL Estates Private Limited

·         VL Land and Housing Private Limited

·         V.K. Flats Private Limited

·         Vaishnoudevi Properties Private Limited

·         Vee Em Infocentre Private Limited

·         Vee Kay Surgical Private Limited

·         Bihariji Infotech Private Limited

·         Eurospa Terry Towels Private Limited

·         Taanz Fashions Private Limited

·         G.L. Land and Housing Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15000000

Equity Shares

Rs. 10/- each

Rs.150.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

13320000

Equity Shares

Rs. 10/- each

Rs.133.200 Million

 

 

 

 

 

 

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

133.200

133.200

133.200

(b) Reserves & Surplus

969.040

871.999

776.903

(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)

1102.240

1005.199

910.103

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

627.005

614.192

601.209

(b) Deferred tax liabilities (Net)

39.139

38.050

28.945

(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)

666.144

652.242

630.154

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

2226.230

1984.942

2051.692

(b) Trade payables

498.675

432.193

751.825

(c) Other current liabilities

455.485

274.211

152.581

(d) Short-term provisions

46.264

36.205

51.754

Total Current Liabilities (4)

3226.654

2727.551

3007.852

 

 

 

 

TOTAL

4995.038

4384.992

4548.109

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

716.962

733.055

694.345

(ii) Intangible Assets

0.133

0.603

0.636

(iii) Capital work-in-progress

2.595

4.072

13.364

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

28.389

32.629

30.467

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

84.114

84.229

82.024

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

832.193

854.588

820.836

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

1149.345

1209.506

673.068

(c) Trade receivables

2410.475

1473.851

2411.289

(d) Cash and cash equivalents

159.325

217.702

234.619

(e) Short-term loans and advances

234.518

417.264

161.743

(f) Other current assets

209.182

212.081

246.554

Total Current Assets

4162.845

3530.404

3727.273

 

 

 

 

TOTAL

4995.038

4384.992

4548.109

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

10079.075

7682.458

9008.085

 

Other Income

17.593

15.106

12.651

 

TOTAL (A)

10096.668

7697.564

9020.736

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

2535.901

2486.681

2120.629

 

Purchases of Stock-in-Trade

5861.797

4085.413

5140.292

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

43.089

(473.886)

72.001

 

Employees benefits expense

48.492

47.500

40.508

 

Other expenses

1218.102

1160.877

1197.441

 

Exceptional Items

Loss due to Fire

0.000

4.090

5.614

 

TOTAL (B)

9707.381

7310.675

8576.485

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

389.287

386.889

444.251

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

182.350

201.968

232.303

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

206.937

184.921

211.948

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

57.834

44.715

39.424

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

149.103

140.206

172.524

 

 

 

 

 

Less

TAX (H)

46.389

44.554

55.972

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

102.714

95.652

116.552

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

1496.135

1530.473

2752.827

 

TOTAL EARNINGS

1496.135

1530.473

2752.827

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

140.101

88.715

358.809

 

Stores parts

14.508

22.128

33.952

 

Capital Goods /Repairs

19.743

32.908

34.321

 

TOTAL IMPORTS

174.352

143.751

427.082

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

7.71

7.18

8.75

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash Generated from Operations

(56.337)

360.467

136.154

Net Cash Flow from/ (used in) Operating Activities

(327.177)

77.263

(173.550)

 

 

QUARTERLY RESULTS

 

PARTICULARS

 

 

30.06.2015

1st Quarter

30.09.2015

2nd  Quarter

Audited / UnAudited

 

 

 

 

 

 

 

Net Sales

 

2312.690

2814.990

Total Expenditure

 

2216.260

2711.130

PBIDT (Excl OI)

 

96.430

103.860

Other Income

 

3.740

3.440

Operating Profit

 

100.170

107.300

Interest

 

44.290

57.540

Exceptional Items

 

NA

NA

PBDT

 

55.880

49.760

Depreciation

 

14.650

14.290

Profit Before Tax

 

41.230

35.470

Tax

 

7.500

17.500

Provisions and contingencies

 

NA

NA

Profit After Tax

 

33.730

17.970

Extraordinary Items

 

NA

NA

Prior Period Expenses

 

NA

NA

Other Adjustments

 

NA

NA

Net Profit

 

33.730

17.970

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

1.02

1.25

1.29

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

3.86

5.04

4.93

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.00

3.22

3.83

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.14

0.14

0.19

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

2.59

2.59

2.91

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.29

1.29

1.24

 

 

STOCK PRICES

 

Face Value

10.00/-

 

 

Market Value

10.00/-

 

 

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

133.200

133.200

133.200

Reserves & Surplus

776.903

871.999

969.040

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

910.103

1005.199

1102.240

 

 

 

 

long-term borrowings

601.209

614.192

627.005

Short term borrowings

2051.692

1984.942

2226.230

Total borrowings

2652.901

2599.134

2853.235

Debt/Equity ratio

2.915

2.586

2.589

 

 

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

9008.085

7682.458

10079.075

 

 

(14.716)_

31.196

 

 

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

9008.085

7682.458

10079.075

Profit

116.552

95.652

102.714

 

1.29%

1.25%

1.02%

 

 

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

No

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

No

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

No

31

External Agency Rating, if available

No

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

 

UNSECURED LOANS

 

PARTICULARS

31.03.2015

[Rs. In Million]

31.03.2014

[Rs. In Million]

LONG TERM BORROWINGS

 

 

From Directors

7.879

15.595

From Bodies Corporate

62.187

2.062

From Other than Related Parties

 

 

From Bodies Corporate

24.036

24.348

SHORT TERM BORROWINGS

 

 

From Bodies Corporate

3.851

5.104

Total

97.953

47.109

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10560636

13/03/2015

400,000,000.00

ANDHRA BANK

SCF 126-127 MAIN MARKET, SECTOR 17, FARIDABAD, HARYANA - 121002, INDIA

C49625551

2

10544027

26/12/2014

30,000,000.00

KARNATAKA BANK LIMITED

SCO -143, SECTOR - 21C,SHOPPING CENTRE, FARIDABAD, HARYANA - 121002, INDIA

C40905192

3

10510099

11/06/2014

30,000,000.00

KARNATAKA BANK LIMITED

SCO 149, SHOPPING CENTRE, SECTOR - 21C, FARIDABAD, HARYANA - 121001, INDIA

C12112918

4

10434035

28/06/2013

48,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B78376043

5

10434036

28/06/2013

52,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B78377462

6

10391950

29/11/2012

35,955,200.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B64128648

7

10350783

19/04/2012

250,000,000.00

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

RAMON HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA

B37886637

8

10322420

07/10/2014 *

305,000,000.00

INDIAN OVERSEAS BANK

14-15, FARM BHAWAN, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA

C30138796

9

10291575

25/05/2011

50,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA -121001, INDIA

B14772834

10

10256019

02/12/2010

48,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA - 121005, INDIA

B01798115

11

10256017

04/11/2010

50,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA - 121005, INDIA

B01795699

12

10232715

20/07/2010

3,447,978.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA

A91555359

13

10229381

12/07/2011 *

1,000,000,000.00

ALLAHABAD BANK

17, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, 
INDIA

B17215765

14

10168871

10/06/2009

100,000,000.00

KARNATAKA BANK LIMITED

SCO-143, SECTOR-21C, FARIDABAD, HARYANA - 121002, INDIA

A66845967

15

10134949

10/05/2014 *

200,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, SHOPPING CENTRE, FARIDABAD, HARYANA - 
121002, INDIA

C06183222

16

10111037

22/05/2008

6,340,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A40741696

17

10080699

30/08/2011 *

50,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA - 121002, INDIA

B21608666

18

10085291

30/08/2011 *

250,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA - 121002, INDIA

B21608492

19

10085660

30/08/2011 *

250,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA - 121002, INDIA

B21608872

20

10085265

30/08/2011 *

300,000,000.00

KARNATAKA BANK LIMITED

SECTOR-21C, FARIDABAD, HARYANA - 121002, INDIA

B21608211

 

* Date of charge modification

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

 

 

 

Letters of Credit/ Guarantees/ Bond issued by Banks

375.341

248.417

Proportionate value of duty saved in terms  of Letter of Undertaking given to Jt. Director General of Foreign Trade under Advance Authorisation Scheme and Export Promotion Capital Goods Scheme, where export obligation can be completed in future years  

7.7778

7.778

Claims against the Company not acknowledged as debts

Amount Unascertained

Amount Unascertained

Surety Bond issued in favour of Haryana Sales Tax Department towards VAT and Central Sales Tax liability of a third party Balaji Engineering

0.200

0.200

 

 

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30.09.2015

 

Particular

3 months ended 30.09.2015

Preceding 3 months ended 30.06.2015

Year to date figures for the current period ended 30.09.2015

 

Unaudited

Unaudited

Unaudited

Income from Operations

 

 

 

Net Sales/Income from Operations

2811.167

2312.689

5123.856

Other Operating Income

3.823

0.000

3.823

Total Income from operations (net)

2814.990

2312.689

5127.679

 

 

 

 

Expenses

 

 

 

(a) Cost of material consumed

384.478

331.853

716.331

(b) Purchase of stock in trade

1997.625

1603.853

3601.478

(c) Changes in inventories of finished goods, work in progress and stock in trade

19.987

8.270

28.257

(d) Employee benefit expenses

14.329

11.837

26.166

(e) Depreciation and amortization expenses

14.293

14.652

28.945

(f) Other Expenses

294.699

260.448

555.147

Total Expenses

2725.411

2230.913

4956.324

Profit from Operations before Other Income, Finance costs and Exceptional item

89.579

81.776

171.355

Other Income

3.437

3.743

7.180

Profit/ Loss from Ordinary Activities before Finance costs and Exceptional item

93.016

85.519

178.535

Finance costs

57.543

44.286

101.829

Profit/ Loss from Ordinary Activities after Finance costs but Exceptional item

35.473

41.233

76.706

Exceptional item

0.000

0.000

0.000

Profit/ Loss from Ordinary Activities before tax

35.473

41.233

76.706

Tax Expenses

17.500

7.500

25.0000

Net Profit/ Loss from Ordinary Activities after tax

17.973

33.733

51.706

Extraordinary items (Net  of  Tax expense Rs. Million)

0.000

0.000

0.000

Net Profit / Loss for the period (11 ±12)

17.973

33.733

51.706

Share of profit/ (loss) of associates

0.000

0.000

0.000

Minority interest

0.000

0.000

0.000

Net Profit/ (loss) after taxes, minority interest and share of profit/ (loss) of associates

17.973

33.733

51.706

Paid- up Equity Share Capital

(Face value of the share – Rs. 10)

133.200

133.200

133.200

Reserves excluding revaluation reserves as per balance sheet of Previous Accounting Year

--

--

--

Earnings per share (before extraordinary items)

(of Rs. 10/- each) (not annualized)

-       Basic

1.35

2.53

3.88

                   -  Diluted

 

 

 

Earnings per share (after extraordinary items)

(of Rs. 10/- each) (not annualized)

 - Basic

1.35

2.53

3.88

- Diluted

 

 

 

 

 

 

 

PARTICULARS OF SHAREHOLDING

 

 

 

1. Public shareholding

 

 

 

Number of Shares

3420480

3420480

3420480

Percentage of Shareholding

25.68

25.68

25.68

2. Promoters and promoter group shareholding

 

 

 

a) Pledged/Encumbered

 

 

 

- Number of Shares

0.00

0.00

0.00

- Percentage of Shares (as a % of the Total Shareholding of promoter and promoter group)

0.00

0.00

0.00

- Percentage of Shares (as a % of the Total Share Capital of the Company)

0.00

0.00

0.00

 

 

 

 

Non – encumbered

 

 

 

- Number of Shares

9899520

9899520

9899520

- Percentage of Shares

(as a % of the total shareholding of promoter and promoter group)

100.00

100.00

100.00

- Percentage of Shares

(as a % of the total share capital of the company)

74.32

74.32

74.32

 

 

 

 

B Investor complaints

 

 

 

Pending at the beginning of the quarter

NIL

 

 

Received during the quarter

NIL

 

 

Disposed of during the quarter

NIL

 

 

Remaining unresolved at the end of the quarter

NIL

 

 

 

Note:

 

1. The above Unaudited Financial Results have been prepared on the basis of accounting policies adopted by the company for preparing the statutory accounts In the past and were reviewed by the Audit Committee.


2. Provision for Income Tax includes Deferred Tax, pursuant to provisions of accounting standard AS22.


3. Provisions have not been made in respect of decrease in Market Value of Quoted Investment being considered temporary in nature.


4. The Unaudited Financial Results for the quarter ended 30.09.2015, have been approved and taken on record by the Board of Directors in their meeting held on 09.11.2015.


5. The Limited Review and required under clause 41 of the Listing Agreement has been completed by the Statutory Auditors.

 

FIXED ASSETS

 

·         Land

·         Buildings

·         Ownership Flats

·         Plant and Machinery

·         Electric Installations

·         Dies

·         Measuring and Testing Equipments

·         Furniture and Fixtures

·         Office Equipments

·         Computers

·         Air Conditioner and Fans

·         Vehicles

·         Cranes

·         Truck Trailers

·         Fire Fighting Equipments

·         Solar Power Generating System

·         Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, 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 records 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. 66.81

UK Pound

1

Rs. 100.37

Euro

1

Rs. 70.68

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

YES

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.