MIRA INFORM REPORT
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Report No. : |
353670 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRECISION DRAWELL PRIVATE LIMITED |
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Registered
Office : |
"Keshav", Block 6, 10th Bridge, Kamptee Road, Nagpur-440004,
Maharashtra |
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Tel. No.: |
91-712-2649370/ 71 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
03.09.1996 |
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Com. Reg. No.: |
11-102324 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.740 Million |
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CIN No.: [Company Identification
No.] |
U45120MH1996PTC102324 |
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IEC No.: |
0306035499 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPP00621F |
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PAN No.: [Permanent Account No.] |
AAACP9046L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Steel Wires. (Confirmed by
Management) |
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No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
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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 was established in the year 1996 and it is engaged in the
manufacturing, exporting and importing of steel wires. For the financial year ended 2015, revenue of the company has marginally
declined by 1.05% but company has maintained average profit margin at 1.14%
during the year under a review. Rating takes into consideration company’s established track record of business
operations marked by satisfactory financial profile along with sound net
worth base and moderate liquidity position of the company. Rating strength is partially offset by susceptibility to fluctuation
in steel prices as well as forex movement imparting volatility to
profitability and working capital-intensive nature of operations. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Anil |
|
Designation : |
Accountant |
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Contact No.: |
91-712-2649370 |
|
Date : |
07.12.2015 |
LOCATIONS
|
Registered Office : |
"Keshav", Block 6, 10th Bridge, Kamptee Road, Nagpur-440004,
Maharashtra, India |
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Tel. No.: |
91-712-2649370/ 71 |
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Fax No.: |
91-712-2651928 |
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E-Mail : |
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Website : |
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Factory 1: |
Khasara No. 221 and 222/2, Village -
Tekadi, Kanhan, District Nagpur-440004, Maharashtra, India |
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Factory 2: |
Khasara
No 25/2, Village- Champa, Kanhan, District Nagpur, Maharashtra, India |
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Factory 3: |
Plot No. 226, at Maa Umiya, Audyogic
Sahakari Vasahat Maryadit, Kapsi, Nagpur, Maharashtra, India |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Maheshchandra Lalaram Khandelwal |
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Designation : |
Director |
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Address : |
702, Madhava, Clarke Town, Kadbi Chowk, Nagpur-440004,
Maharashtra, India |
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Date of Birth/Age : |
07.07.1936 |
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Date of Appointment : |
03.09.1996 |
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DIN No.: |
00469290 |
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Name : |
Mrs. Anuradha Khandelwal |
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Designation : |
Whole-time director |
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Address : |
20, Pooman Aishwariya, Chindwara Road, Nagpur-440013,
Maharashtra, India |
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Date of Birth/Age : |
16.11.1964 |
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Date of Appointment : |
23.09.1996 |
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DIN No.: |
00469465 |
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Name : |
Mr. Alok Maheshchandra Khandelwal |
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Designation : |
Whole-time director |
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Address : |
702, Madhava, Clarke Town, Kadbi Chowk, Nagpur-440004,
Maharashtra, India |
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Date of Birth/Age : |
23.11.1969 |
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Date of Appointment : |
23.09.1996 |
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DIN No.: |
00469502 |
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Name : |
Mr. Atul Maheshchandra Khandelwal |
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Designation : |
Director |
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Address : |
20, Poonam Aishwariya, Chindwara Road, Nagpur-440013,
Maharashtra, India |
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Date of Birth/Age : |
20.04.1962 |
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Date of Appointment : |
25.08.2009 |
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DIN No.: |
00469683 |
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Name : |
Mrs. Sunita Alok Khandelwal |
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Designation : |
Director |
|
Address : |
702, Madhava, Clarke Town, Kadbi Chowk, Nagpur-440004,
Maharashtra, India |
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Date of Birth/Age : |
23.06.1973 |
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Date of Appointment : |
01.09.2010 |
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DIN No.: |
00469789 |
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Name : |
Mr. Paran Atul Khandelwal |
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Designation : |
Director |
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Address : |
Bunglow No.20, Poonam Ashwarye, Behind Poonam Chember,Chindwara
Road, Nagpur-440013, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1988 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06563295 |
KEY EXECUTIVES
|
Name : |
Mr. Anil |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Maheshchandra Khandelwal |
|
68335 |
|
Alok Khandelwal |
|
94510 |
|
Anuradha Khandelwal |
|
70000 |
|
Sunita Khandelwal |
|
71000 |
|
Atul Khandelwal |
|
75701 |
|
Alok Khandelwal- Karta for Alok Khandelwal (H.U.F.) |
|
1500 |
|
Atul Khandelwal (HUF) |
|
21704 |
|
Subhash Chandra Khandelwal |
|
50 |
|
Sneh Khandelwal |
|
50 |
|
Dhiraj Khandelwal |
|
50 |
|
Paran Khandelwal |
|
66100 |
|
Shivani Khandelwal |
|
5000 |
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Total |
|
474000 |
AS ON 24.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Steel Wires. (Confirmed by
Management) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Nepal |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit (30 days) |
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Purchasing : |
Cash, L/C and Credit (30 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
65 (Approximately) |
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Bankers : |
·
State Bank of India SME
City Credit Centre, Shrdananpeth, Nagpur - 440016, Maharashtra, India ·
State Bank of India Hingna Industrial Estate
Branch, X-43, MIDC Area,, Nagpur - 440016, Maharashtra, India ·
Small Industries Development Bank of India National Insurance
Building, Ground Floor,, S V Patel Marg , Kingsway, Nagpur - 440001,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gupta Sarda and Bagdia Chartered Accountants |
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Address : |
Business Plaza, U. G. Floor, 6 Farmland, Central Bazar Road, Near Lokmat
Square, Nagpur-440010, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFG8821D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises on which Key Management Personnel who have significant Influence
: |
· Steel Wire Industries · Avinash Iron and Steel Private Limited · Technosteel Infraprojects Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Million |
|
100,000 |
Preference Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
|
Total |
|
Rs. 6.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
474,000 |
Equity Shares |
Rs. 10/- each |
Rs. 4.740
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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
4.740 |
4.740 |
4.740 |
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(b) Reserves & Surplus |
92.532 |
90.213 |
78.029 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
97.272 |
94.953 |
82.769 |
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(3)
Non-Current Liabilities |
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|
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|
(a) Long-term borrowings |
36.441 |
34.925 |
27.280 |
|
(b) Deferred tax liabilities (Net) |
5.193 |
5.869 |
6.246 |
|
(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) |
41.634 |
40.794 |
33.526 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
139.779 |
130.503 |
109.012 |
|
(b)
Trade payables |
4.640 |
29.639 |
18.968 |
|
(c)
Other current liabilities |
18.037 |
15.208 |
22.062 |
|
(d)
Short-term provisions |
10.961 |
17.162 |
14.493 |
|
Total
Current Liabilities (4) |
173.417 |
192.512 |
164.535 |
|
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TOTAL |
312.323 |
328.259 |
280.830 |
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II.
ASSETS |
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|
(1) Non-current assets |
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(a)
Fixed Assets |
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|
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|
(i)
Tangible assets |
79.999 |
63.583 |
59.880 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.541 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.001 |
0.001 |
0.194 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
12.352 |
5.048 |
1.638 |
|
(e)
Other Non-current assets |
0.647 |
0.750 |
0.425 |
|
Total
Non-Current Assets |
93.540 |
69.382 |
62.137 |
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
63.576 |
91.435 |
65.797 |
|
(c)
Trade receivables |
133.679 |
148.202 |
117.042 |
|
(d)
Cash and cash equivalents |
8.360 |
0.262 |
23.385 |
|
(e)
Short-term loans and advances |
12.761 |
18.784 |
12.281 |
|
(f)
Other current assets |
0.407 |
0.194 |
0.188 |
|
Total
Current Assets |
218.783 |
258.877 |
218.693 |
|
|
|
|
|
|
TOTAL |
312.323 |
328.259 |
280.830 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
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SALES |
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Revenue From Operations |
903.663 |
914.651 |
896.156 |
|
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Other Income |
1.692 |
0.371 |
0.492 |
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TOTAL (A) |
905.355 |
915.022 |
896.648 |
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Less |
EXPENSES |
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|
Cost of Materials Consumed |
620.498 |
614.040 |
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Purchases of Stock-in-Trade |
137.312 |
169.375 |
|
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|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.722 |
(3.545) |
|
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Employees benefits expense |
22.092 |
14.687 |
|
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Other expenses |
68.549 |
66.736 |
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TOTAL (B) |
849.173 |
861.293 |
849.649 |
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
56.182 |
53.729 |
46.999 |
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|
Less |
FINANCIAL
EXPENSES (D) |
25.467 |
18.654 |
16.723 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.714 |
35.075 |
30.276 |
|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.999 |
10.401 |
11.120 |
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PROFIT BEFORE
TAX (E-F) (G) |
15.715 |
24.674 |
19.156 |
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|
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|
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Less |
TAX (H) |
5.386 |
8.984 |
6.061 |
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PROFIT AFTER TAX
(G-H) (I) |
10.329 |
15.690 |
13.095 |
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|
Earnings Per
Share (Rs.) |
21.97 |
33.10 |
27.63 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
|
|
|
|
Term Loan from
Small Industries Development Bank of India |
|
|
|
|
A/c No. NGPDF21100470002 |
0.000 |
2.088 |
2.760 |
|
A/c No. NGPDF71100410006 |
0.000 |
0.363 |
0.504 |
|
Term Loan From
Axis Bank Limited |
|
|
|
|
A/c No. 913060055995648 |
3.168 |
3.168 |
0.000 |
|
A/c No. 912060010178208 |
0.000 |
3.093 |
0.000 |
|
A/c No. 914060037822202 |
7.500 |
0.000 |
0.000 |
|
A/c no. 911060004029347 |
0.000 |
0.000 |
4.800 |
|
A/c No. 10179208 |
0.000 |
0.000 |
2.148 |
|
A/c No. 10181405 |
0.000 |
0.000 |
0.720 |
|
Car Loan |
0.000 |
0.000 |
0.340 |
|
Term Loan from HDFC Bank Limited |
0.000 |
0.000 |
0.133 |
|
Total |
10.668 |
8.712 |
11.405 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.14 |
1.72 |
1.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.22 |
5.87 |
5.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.04 |
7.52 |
6.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.26 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.92 |
1.83 |
1.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.34 |
1.33 |
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 |
4.740 |
4.740 |
4.740 |
|
Reserves & Surplus |
78.029 |
90.213 |
92.532 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
82.769 |
94.953 |
97.272 |
|
|
|
|
|
|
Long-term borrowings |
27.280 |
34.925 |
36.441 |
|
Short term borrowings |
109.012 |
130.503 |
139.779 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
11.405 |
8.712 |
10.668 |
|
Total
borrowings |
147.697 |
174.140 |
186.888 |
|
Debt/Equity
ratio |
1.784 |
1.834 |
1.921 |
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 |
896.156 |
915.022 |
905.355 |
|
|
|
2.105 |
(1.056) |
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 |
896.156 |
915.022 |
905.355 |
|
Profit |
13.095 |
15.690 |
10.329 |
|
|
1.46% |
1.71% |
1.14% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10266464 |
03/10/2015 * |
238,000,000.00 |
AXIS BANK LIMITED |
M.G HOUSE, RABINDRANATH
TAGORE ROAD, CIVIL LINES, |
C66868035 |
|
2 |
10198549 |
03/02/2010 |
12,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
NATIONAL INSURANCE
BUILDING, GROUND FLOOR, S. V. |
A78192143 |
|
3 |
10191746 |
16/12/2009 |
2,250,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
NATIONAL INSURANCE
BUILDING, GROUND FLOOR, S V PA |
A74899956 |
|
4 |
10135491 |
05/12/2008 |
1,800,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
NATIONAL INSURANCE
BUILDING, GROUND FLOOR,, S V P |
A53279212 |
|
5 |
10249668 |
24/09/2008 |
4,500,000.00 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA |
GROUND FLOOR,
NATIONAL INSURANCE BUILDING, KINGSW |
A52328119 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
|
|
|
M.C. Khandelwal |
3.600 |
1.000 |
|
Alok Khandelwal |
0.800 |
1.700 |
|
Anuradha Khandelwal |
2.200 |
1.700 |
|
Atul Khandelwal |
3.700 |
3.100 |
|
Sunita Khandelwal |
0.600 |
0.900 |
|
Paran Khandelwal |
3.000 |
1.900 |
|
|
|
|
|
From Other
related parties |
|
|
|
M.C. Khandelwal |
1.100 |
2.300 |
|
Atul Khandelwal |
0.100 |
4.500 |
|
Lata Khandelwal |
12.800 |
16.000 |
|
Subhash Chandra Khandelwal |
0.500 |
0.600 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
|
|
|
M.C. Khandelwal |
0.014 |
2.851 |
|
Alok Khandelwal |
0.013 |
0.412 |
|
Anuradha Khandelwal |
0.250 |
0.088 |
|
Atul Khandelwal |
0.088 |
1.088 |
|
Sunita Khandelwal |
0.036 |
3.813 |
|
Paran Khandelwal |
1.091 |
0.020 |
|
|
|
|
|
From Other
related parties |
|
|
|
M.C. Khandelwal |
0.836 |
0.856 |
|
Atul Khandelwal |
0.058 |
0.163 |
|
Alok Khandelwal |
0.027 |
0.627 |
|
Lata Khandelwal |
0.814 |
0.805 |
|
Subhash Chandra Khandelwal |
0.037 |
0.057 |
|
|
|
|
|
Total |
31.664 |
44.480 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Keshav Block
No 610th Bridge Panchhpaoli Nagpur-440017, Maharashtra, India to the
present address w.e.f 01.10.2012
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
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. 66.80 |
|
|
1 |
Rs. 100.49 |
|
Euro |
1 |
Rs. 72.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.