MIRA INFORM REPORT
|
Report No. : |
353659 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
R R KABEL LIMITED (w.e.f. 08.11.2000) |
|
|
|
|
Formally Known
As |
RAM RATNA AGRO-PLAST LIMITED |
|
|
|
|
Registered
Office : |
Ram Ratna House, Oasis Complex, Victoria Mill Compound, Pandurang
Budhkar Marg, Worli, Mumbai-400013, Maharashtra |
|
Tel. No.: |
91-22-24949009/24924144 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
06.02.1995 |
|
|
|
|
Com. Reg. No.: |
11-085294 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.241.460
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28997MH1995PLC085294 |
|
|
|
|
IEC No.: |
0395047587 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR08449A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR3352C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Building Wires, Industrial Cables, Winding Wires etc.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Exist |
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|
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|
Comments : |
Subject is an established company incorporated in the year 1995 having
good track. Available financial indicates sound financial risk profile marked by
healthy net worth base with fair liquidity and good profit margin of the
company. The rating further takes into consideration company’s long established
track record and favorable gap between trade payables and trade receivables. Trae relations are reported as fair. Business is active. Payments
terms are reported as regular and as per commitment. In view of long track record and sound 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long –Term Rating (BBB) |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
05.03.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-Term Rating (A3) |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk. |
|
Date |
05.03.2015 |
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
31-03-2015.
INFORMATION DENIED BY
|
Name |
Mr. Rakesh Rathi |
|
Designation: |
Account Executive |
|
Contact No.: |
91-22-2494909 |
|
Date |
05.12.2015 |
LOCATIONS
|
Registered Office/
Head Office : |
Ram Ratna House, Oasis Complex, Victoria Mill Compound, Pandurang
Budhkar Marg, Worli, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-24949009/ 2492 / 24924144 |
|
Fax No.: |
91-22-24910819/24912586 |
|
E-Mail : |
|
|
Website : |
|
|
|
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Corporate Office: |
305/A Windsor Plaza, R.C. Dutt Road, Alkapuri, Vadodara – 390007,
Gujarat, India |
|
Tel. No.: |
91-265-2321891/ 2/ 3 |
|
Fax No.: |
91-265-2321894 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Survey No. 142/2, Madhuban Dham Road, Silvassa – 396240, Dadra and
Nagar Haveli, India |
|
Tel. No.: |
91-260-2641332/ 3/ 2641868 |
|
|
|
|
Factory 2 : |
R.S. No. 201,202/1,203 and 327/3,Khanda Road, Waghodia, Vadodara - 391760, Gujarat, India |
|
Tel. No.: |
91-2668-260511 |
|
|
|
|
Branch Office : |
Located At:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Shreegopal Rameshwarlal Kabra |
|
Designation : |
Managing Director |
|
Address : |
547, Ishan Building, 9-10th Floor, Jamejamshed Road, Matunga (East),
Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
31.06.1958 |
|
Date of Appointment : |
27.06.2014 |
|
DIN No.: |
00140598 |
|
|
|
|
Name : |
Mr. Mahendrakumar Rameshwarlal Kabra |
|
Designation : |
Joint Managing Director |
|
Address : |
Casa Grande, Tower No. 2, 20th Floor, Flat No. 2008, 249, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1957 |
|
Date of Appointment : |
06.02.1995 |
|
Din No.: |
00473310 |
|
|
|
|
Name : |
Mr. Tribhuvanprasad Rameshwarlal Kabra |
|
Designation : |
Managing Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opposite S.N.D.T. College and
Sanskrit Building Behind, Akota Stadium, Baroda-390020, Gujarat, India |
|
Date of Birth/Age : |
11.06.1955 |
|
Date of Appointment : |
02.09.1997 |
|
Din No.: |
00091375 |
|
PAN No.: |
AADPK2978A |
|
|
|
|
Name : |
Mr. Satyanarayan Mohanlal Loya |
|
Designation : |
Director |
|
Address : |
1502, Krishna Heritage, New Link Road, Opposite Don Bosco School,
Borivali (West), Mumbai-400091, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1930 |
|
Qualification: |
Professional |
|
Date of Appointment : |
30.09.1997 |
|
Din No.: |
00091323 |
|
|
|
|
Name : |
Mrs. Kirtidevi Shreegopal Kabra |
|
Designation : |
Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opposite S.N.D.T. College and
Sanskrit Building Behind, Akota Stadium, Baroda-390020, Gujarat, India |
|
Date of Birth/Age : |
23.02.1962 |
|
Date of Appointment : |
06.02.1995 |
|
Din No.: |
00150796 |
|
|
|
|
Name : |
Mr. Ashok Satyanarayan Loya |
|
Designation : |
Director |
|
Address : |
1502, Krishna Heritage, New Link Road, Opposite Don Bosco School,
Borivali (West), Mumbai-400091, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1965 |
|
Qualification: |
Professional |
|
Date of Appointment : |
08.09.1999 |
|
Din No.: |
00136619 |
|
|
|
|
Name : |
Mr. Mahesh Tribhuvanprasad Kabra |
|
Designation : |
Whole Time Director |
|
Address : |
Uma Sadan, 178, Vinayak Society, Opposite S.N.D.T. College and
Sanskrit Building Behind, Akota Stadium, Baroda-390020, Gujarat, India |
|
Date of Birth/Age : |
23.03.1977 |
|
PAN: |
AADPK3514C |
|
Date of Appointment : |
11.03.2000 |
|
Din No.: |
00137796 |
|
|
|
|
Name : |
Mr. Sumeet Mahendrakumar Kabra |
|
Designation : |
Director |
|
Address : |
B-1908, Casa Grande, Senapati Bapat Marg, Lower Parel, Mumbai-400013,
Maharashtra, India |
|
Date of Birth/Age : |
10.08.1982 |
|
Qualification: |
MBA |
|
Date of Appointment : |
12.11.2010 |
|
Din No.: |
01751282 |
|
PAN No.: |
AGFPK1908C |
|
|
|
|
Name : |
Mr. Sanjay Narnarayan Taparia |
|
Designation : |
Director |
|
Address : |
152, Yugdharma, Opposite Inorbit Link Road, Goregaon (West),
Mumbai-400104, Maharashtra, India |
|
Date of Birth/Age : |
10.07.1963 |
|
Date of Appointment : |
12.11.2010 |
|
Din No.: |
01812564 |
|
|
|
|
Name : |
Mr. Rajesh Babu Jain |
|
Designation : |
Additional Director |
|
Address : |
Row House, 17 Balaji Township, Opposite Balaji Temple, S N 51/1/4, PN
57 to 68, Silvassa 396230, India |
|
Date of Birth/Age : |
22.09.1971 |
|
Date of Appointment : |
23.09.2014 |
|
Din No.: |
06959083 |
|
|
|
|
Name : |
Mrs. Kannan Ramamirtham |
|
Designation : |
Director |
|
Address : |
Karachi Citizens CHS 205-B, New Link Road, D.N. Nagar, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1949 |
|
Date of Appointment : |
09.03.2015 |
|
Din No.: |
00227980 |
KEY EXECUTIVES
|
Name : |
Mr. Himanshu Navinchandra Parmar |
|
Designation : |
Secretary |
|
Address : |
G/39, Shreenath
Park Society, Behind Mahesh Complex, Waghodia, Debhoi, Ring, Road Near
Himalaya Flats, Vadodara ‐ 390 019,
Gujarat, India |
|
Date of Birth/Age : |
19.04.1986 |
|
Date of Appointment : |
01.06.2013 |
|
PAN No.: |
AUTPP3120F |
|
|
|
|
Name : |
Mr. Rajesh Babu Jain |
|
Designation : |
Chief Finance Officer |
|
Address : |
Row House, 17 Balaji Township, Opposite Balaji Temple, S N 51/1/4, PN
57 to 68, Silvassa 396230, India |
|
Date of Birth/Age : |
22.09.1971 |
|
Date of Appointment : |
01.07.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
9.29 |
|
Other top fifty shareholders |
90.71 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Building Wires, Industrial Cables, Winding Wires etc.
(Registered Activity) |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
IDBI Trusteeship Services Limited, Asian Building, Ground
Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
V.C. Darak and Associates Chartered Accountants |
|
Address : |
Yashodhan, 1st Floor, Malviya Road, Off. Post Office Road,
Vile Parle (East), Mumbai-400057, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPD8698K |
|
Email: |
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|
|
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Cost Auditors : |
|
|
Name : |
Poddar and Company Chartered Accountants |
|
Address : |
B-205, Chandulal Park, Station Road, Bhayandar (West), Thane-401101, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AENPP5076L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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Joint Venture : |
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Other Related Parties : |
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CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24146000 |
Equity Shares |
Rs.10/- each |
Rs.241.460
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 |
241.460 |
204.460 |
204.460 |
|
(b) Reserves & Surplus |
1798.277 |
1495.175 |
1248.696 |
|
(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) |
2039.737 |
1699.635 |
1453.156 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
771.198 |
773.460 |
827.726 |
|
(b) Deferred tax liabilities (Net) |
122.516 |
116.948 |
92.533 |
|
(c) Other long term liabilities |
1.662 |
1.150 |
1.113 |
|
(d) long-term provisions |
15.399 |
10.404 |
8.086 |
|
Total
Non-current Liabilities (3) |
910.775 |
901.962 |
929.458 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2223.134 |
2248.252 |
1995.489 |
|
(b) Trade payables |
459.758 |
306.733 |
195.754 |
|
(c) Other current liabilities |
581.083 |
559.528 |
359.732 |
|
(d) Short-term provisions |
181.497 |
109.778 |
111.686 |
|
Total Current
Liabilities (4) |
3445.472 |
3224.291 |
2662.661 |
|
|
|
|
|
|
TOTAL |
6395.984 |
5825.888 |
5045.275 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1707.643 |
1561.541 |
1281.474 |
|
(ii) Intangible Assets |
9.391 |
8.750 |
11.534 |
|
(iii) Capital work-in-progress |
70.391 |
202.260 |
51.347 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
113.970 |
101.904 |
85.908 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
55.916 |
57.779 |
184.903 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1957.311 |
1932.234 |
1615.166 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
895.702 |
866.088 |
799.920 |
|
(c) Trade receivables |
2695.688 |
2340.972 |
1738.213 |
|
(d) Cash and cash equivalents |
509.150 |
358.377 |
510.567 |
|
(e) Short-term loans and advances |
226.224 |
205.879 |
269.031 |
|
(f) Other current assets |
111.909 |
122.338 |
112.378 |
|
Total Current
Assets |
4438.673 |
3893.654 |
3430.109 |
|
|
|
|
|
|
TOTAL |
6395.984 |
5825.888 |
5045.275 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
13012.797 |
11413.417 |
9424.296 |
|
|
Other Income |
34.072 |
33.639 |
36.287 |
|
|
TOTAL (A) |
13046.869 |
11447.056 |
9460.583 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
10496.746 |
9436.235 |
7875.316 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(35.305) |
(43.059) |
(78.209) |
|
|
Employees benefits expense |
384.941 |
325.427 |
258.637 |
|
|
Other expenses |
944.574 |
841.389 |
633.541 |
|
|
TOTAL (B) |
11790.956 |
10559.992 |
8689.285 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1255.913 |
887.064 |
771.298 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
360.471 |
290.734 |
263.276 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
895.442 |
596.330 |
508.022 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
179.733 |
114.534 |
97.139 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
715.709 |
481.796 |
410.883 |
|
|
|
|
|
|
|
Less |
TAX (H) |
233.071 |
163.619 |
138.423 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
430.637 |
318.177 |
272.460 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD (J) |
1202.922 |
989.006 |
818.308 |
|
|
|
|
|
|
|
Add |
Loss (Net) of Amalgamated Companies |
(6.537) |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
42.500 |
32.500 |
30.000 |
|
|
Dividend |
96.584 |
61.338 |
61.338 |
|
|
Tax on Dividend |
19.662 |
10.424 |
10.424 |
|
|
Total (K) |
158.746 |
104.262 |
101.762 |
|
|
|
|
|
|
|
|
Balance Carried
to the B/S (I+J-K) |
1468.276 |
1202.921 |
989.006 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
3205.747 |
3065.345 |
2080.070 |
|
|
TOTAL EARNINGS |
3205.747 |
3065.345 |
2080.070 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5981.664 |
4240.708 |
1088.894 |
|
|
Components and Stores parts |
7.923 |
2.564 |
2.181 |
|
|
Capital Goods |
31.097 |
233.335 |
24.378 |
|
|
TOTAL IMPORTS |
6020.684 |
4476.607 |
1115.453 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
17.83 |
15.56 |
13.33 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
314.611 |
294.326 |
175.812 |
|
Net cash flows from (used in) operations |
945.308 |
558.445 |
341.168 |
|
Net cash flows from (used in) operating activities |
744.713 |
430.089 |
231.710 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.31 |
2.79 |
2.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.65 |
7.77 |
8.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.52 |
8.73 |
8.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.28 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.62 |
1.95 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.21 |
1.29 |
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 |
204.460 |
204.460 |
241.460 |
|
Reserves & Surplus |
1248.696 |
1495.175 |
1798.277 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1453.156 |
1699.635 |
2039.737 |
|
|
|
|
|
|
long-term borrowings |
827.726 |
773.460 |
771.198 |
|
Short term borrowings |
1995.489 |
2248.252 |
2223.134 |
|
Current maturities of
long-term debts |
175.812 |
294.326 |
314.611 |
|
Total borrowings |
2999.027 |
3316.038 |
3308.943 |
|
Debt/Equity ratio |
2.064 |
1.951 |
1.622 |
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 |
9424.296 |
11413.417 |
13012.797 |
|
|
|
21.106 |
14.013 |
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 |
9424.296 |
11413.417 |
13012.797 |
|
Profit |
272.460 |
318.177 |
430.637 |
|
|
2.89% |
2.79% |
3.31% |
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) |
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 |
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 |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
|
CASE DETAILS BENCH: BOMBAY PRESENTATION DATE: 10.02.2014 LODGING NO.:
ITXAL/216/2014
FILING DATE: 10.02.2014 REG. NO.: ITXA/411/2014
REG. DATE:
01.03.2014
Act: INCOME TAX
ACT, 1961 UNDER
SECTION: 260A |
OPERATIONS
Financial Year 2014-15 set a new benchmark in the success story of the company. Inspire of volatility in Foreign Currency exchange rates, dwindling metal prices and low industrial output, the Company outperformed and surpassed all the challenges. Strong marketing strategies, technical reforms to cut down manufacturing costs, adequate pricing method, ideal financial management, and superlative experienced employee base together underpinned the Company’s position. Gross Revenue from Operations for Financial Year 2014-15 was Rs. 13810.100 Million vis a vis Rs.12025.100 Million during Financial Year 2013-14 making a growth of almost 15%. Profit after Tax for the Financial Year 2014-15 was at Rs.430.600 Million vis-à-vis Rs.318.200 Million during the previous year, higher by 35%.
OUTLOOK
India has proved and emerged as a strong economy across the globe. Post Financial Year 2009 global financial and economic crises, India has in place strong revival and growth strategies. Though there has been a greater speculation globally on growth, India is forecasting a rational GDP growth of 7.50%. Courtesy their current stable government and its phase-wise investment strategies and policies to rationalize the estimated growth. Current government policies comprise more of physical infrastructure investment and make in India initiative that creates thrust for corporate investments in the market. Cherry on cake is reduced rate of interest by their central bank. Though India witnessed sluggish industrial growth from October 2014 and metal prices went haywire from December 2014 end, the Company has been able to achieve the projections as set for Financial Year 2014-15. Following the same path, the outlook for Financial Year 2015-16 seems more promising backed by company’s strong global reach coupled with increased government spending on infrastructure. The Company’s manufacturing facilities at Waghodia and Silvassa are equipped with the state of art of technology that escalates their morale for achievability of foreseeable growth. Presently, the company’s interim vision for Financial Year 2015-16 is: · Consolidation of all the facilities so that maximum benefit can be derived. · Measure to bring overall product costing to minimal and give maximum returns to investors. · More concentration on manufacturing special cables to suit exclusive requirements of any industry. Presently, RR Brand has positioned itself with quality, preference, application and uniqueness associated to it. To excel further, company would be spending more on Advertisement and promotional activities to reach their roots to even C and D category of cities (Heart of India) where actual growth resides. The company is undertaking aggressive campaign named CCC (Chai Charcha & Chaupal) that penetrate into most remote areas of country and Taxi Tours in these cities to create awareness on significance of quality. Here, it is imperative to mention that the company’s database comprise of 250000 electricians to whom they regularly enlighten on how to improvise in quality and service to their end-users. As an additional branding exercise company is taking initiatives to setup exclusive showrooms with the name R R UNIVERSE that will display products solely manufactured and marketed by Ram Ratna Group. First feather to the crown was placed during current year by opening their first R R UNIVERSE in Delhi. To boost morale of their esteemed customers, company is conducting MICE (Meetings, Incentives, Conferences and Events) TOUR every year that combines leisure with work. Following the same, they take this pleasure to announce that during Financial Year 2014-15, the company conducted industries’ first overseas biggest event under the name UDAAN wherein more than 750 retailers were invited and rewarded for their remarkable performances. They foresee more such remarkable events, bigger and better, matching the pace of growth of the company.
AMALGAMATION
The scheme of amalgamation of Global Electrical Factory (India) Limited and Rsquare Realty Private Limited with the Company was approved by the Honorable High Court, Bombay by its order dated 12 th September 2014. Pursuant to approved ratio of the scheme of amalgamation, 3700000 (Thirty Seven Lacs Only) Equity Shares of face value of Rs.10/- (Rs. Ten only) each at par out of the un-subscribed equity share capital of the Company was allotted to the shareholders of Global Electrical Factory (India) Limited and Rsquare Realty Private Limited.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10291062 |
27/05/2015 * |
3,870,200,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra, INDIA |
C56896947 |
* Date
of charge modification
|
Unsecured Loan |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
160.349 |
98.170 |
|
Other loans and advances , others |
141.400 |
169.359 |
|
Deposits |
0.000 |
41.708 |
|
Short-term
borrowings |
|
|
|
Foreign currency term loans from banks |
152.370 |
205.550 |
|
Term loans from others |
197.952 |
169.780 |
|
Intercorporate Borrowings |
0.066 |
0.000 |
|
Loans and advances from related parties |
103.438 |
50.000 |
|
Total |
755.575 |
734.567 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
Intangible assets
- Computer
software
- Licenses and
franchise
- Licenses
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.66.63 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
53 |
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.