MIRA INFORM REPORT
|
Report No. : |
356075 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
STERLING AGRO INDUSTRIES LIMITED (w.e.f. 16.10.2009) |
|
|
|
|
Formerly Known
As : |
STERLING AGRO INDUSTRIES PRIVATE LIMITED (w.e.f. 02.02.2009) STERLING AGRO INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
11th Floor, Aggarwal Cyber Plaza - II, Netaji Subash Place,
Pitampura, New Delhi – 110 034 |
|
Tel. No.: |
91-11-47008000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.10.1991 |
|
|
|
|
Com. Reg. No.: |
55-189775 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.371.678
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01111DL1991PLC189775 |
|
|
|
|
IEC No.: |
0595013945 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS24285C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS2278R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Dairy Products. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was established in the year 1991 and it manufactures various dairy products, such as SMP, pure ghee, full-cream milk powder (both regular and instant), dairy whitener, white butter, anhydrous milk fat, and instant food products under its brands, NOVA and A-One. The company has diversified into generating power and has windmills of 62.6 MW installed spread across Rajasthan, Maharashtra, Karnataka, Madhya Pradesh, and Andhra Pradesh. For the financial year ended 2014, company has reported 48.64% revenue growth as compared to previous year revenue and it has maintain average profitability margins at 2.27% during the year under review. Rating continue to reflect company's established market position in the dairy products industry, efficient operations, and above-average financial risk profile because of adequate debt protection metrics. Rating strengths is partially offset by susceptibility to volatility in milk prices and to regulatory changes, and exposure to risks related to increasing debt-funded capital expenditure (capex) in the wind energy segment. Trade relations are reported as fair. Payments are reported to be regular and as per commitments. The Company can be considered good for normal business dealings at usual trade terms and conditions. Note: Management of the company has not filed its financial with government department for the year 2015 and same are not available from any sources. |
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 |
CRISIL |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
23.11.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
23.11.2015 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sandep Luthra |
|
Designation : |
Finance Assistant |
|
Contact No.: |
91-11-47008000 |
|
Date : |
22.12.2015 |
LOCATIONS
|
Registered Office : |
11th Floor, Aggarwal Cyber Plaza - II, Netaji Subash Place,
Pitampura, New Delhi – 110 034, India |
|
Tel. No.: |
91-11-47008000 (EPBX) |
|
Fax No.: |
91-11-47008010/ 47050504 |
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E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Q5-Q6, Ghirongi Industrial Area Malanpur, District. Bhind – 477 116,
Madhya Pradesh, India |
|
Tel. No.: |
91-7539-403400/401 |
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|
|
|
Factory 2 : |
Village Bitona, Kasganj, Uttar Pradesh, India |
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|
|
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Factory 3 : |
74/76, HDFC Industrial Area, Kundli, Sonipat – 131028, Haryana, India |
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Branches: |
Located at
|
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Kuldeep Saluja |
|
Designation : |
Whole-time director |
|
Address : |
S-329, Greater Kailash Part-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
10.06.1952 |
|
Qualification : |
Undergraduate |
|
Experience : |
36 Years |
|
Date of Appointment : |
07.09.2000 |
|
DIN No.: |
00289187 |
|
|
|
|
Name : |
Mr. Paramjeet Singh Khamba |
|
Designation : |
Whole-time director |
|
Address : |
V-29, Vijaya Nagar, Gwalior – 474 011, Madhya Pradesh, India |
|
Date of Birth/Age : |
26.01.1966 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
05339940 |
|
|
|
|
Name : |
Mr. Pratik Gupta |
|
Designation : |
Whole-time director |
|
Address : |
409 Katra Maidgran Khari Baoli, Delhi – 110 006, India |
|
Date of Birth/Age : |
02.09.1984 |
|
Date of Appointment : |
02.01.2009 |
|
DIN No.: |
02506579 |
|
|
|
|
Name : |
Mr. Ravin Saluja |
|
Designation : |
Whole-time Director |
|
Address : |
S-329, Greater Kailash Part-II, New Delhi – 110 048, India |
|
Date of Birth/Age : |
29.04.1978 |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00289305 |
|
|
|
|
Name : |
Mr. Vivek Kesarwani |
|
Designation : |
Whole-time Director |
|
Address : |
ND-69, Visakha Enclave, Pitampura, New Delhi – 110 034, India |
|
Date of Birth/Age : |
13.02.1978 |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00137920 |
|
|
|
|
Name : |
Ms. Vimal Kishore Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
M-6, Gandhi Nagar, Gwalior – 250 576, Madhya Pradesh, India |
|
Date of Birth/Age : |
02.02.1962 |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
01376085 |
|
|
|
|
Name : |
Ms. Laxmi Narain Kesarwani |
|
Designation : |
Whole-time Director |
|
Address : |
ND-69, Visakha Enclave, Pitampura, New Delhi – 110 034, India |
|
Date of Birth/Age : |
19.07.1949 |
|
Qualification : |
Undergraduate |
|
Experience : |
38 Years |
|
Date of Appointment : |
02.04.2012 |
|
DIN No.: |
00288852 |
|
|
|
|
Name : |
Mr. Sharad Saluja |
|
Designation : |
Director |
|
Address : |
B-5/23, Second Floor, Safdarjung Enclave, New Delhi,
110029, , INDIA |
|
Date of Birth/Age : |
10.02.1985 |
|
Date of Appointment : |
25.05.2007 |
|
DIN No.: |
01516294 |
|
|
|
|
Name : |
Mr. Romesh Chander Mahajan |
|
Designation : |
Director |
|
Address : |
H.No- 1404/ Tower 5, The Palm Tower, Sector 30, South
City-I, Gurgaon - 122001, Haryana, India |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
00152225 |
|
|
|
|
Name : |
Swati Agrawal |
|
Designation : |
Director |
|
Address : |
41/45 Durga Colony, Dal Bazar, Gwalior - 474001, Madhya
Pradesh, India |
|
Date of Appointment : |
08.12.2014 |
|
DIN No.: |
06684407 |
|
|
|
|
Name : |
Mr. Manoj Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
F-238, Harishankarpuram, Gwalior, 474001, Madhya Pradesh,
India |
|
Date of Appointment : |
27.07.2015 |
|
DIN No.: |
01796132 |
KEY EXECUTIVES
|
Name : |
Mr. Luv Kumar Malhotra |
|
Designation : |
Secretary |
|
Address : |
A-4C /160. Janakpuri, New Delhi – 110 058, India |
|
Date of Birth/Age : |
07.05.1986 |
|
Date of Appointment : |
16.08.2011 |
|
PAN No.: |
AXLPM9464E |
|
|
|
|
Name : |
Mr. Vimal Kishore Agrawal |
|
Designation : |
Chief Fiance Officer |
|
Address : |
M-6, Gandhi Nagar, Gwalior – 250 576, Madhya Pradesh, India |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
ABVPA0335L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kuldeep Saluja |
|
10048875 |
|
Raman Saluja |
|
1525000 |
|
Laxmi Narain Kesarwani HUF |
|
650000 |
|
Laxmi Narain Kesarwani |
|
14878875 |
|
Sangeeta Kesarwani |
|
5000 |
|
Pallavi Saluja |
|
5000 |
|
Kesarwani Anju |
|
5000 |
|
Vivek Kesarwani |
|
3045000 |
|
Amrita Saluja |
|
5000 |
|
Ravin Saluja |
|
3500000 |
|
Sharda Saluja |
|
3500000 |
|
Total
|
|
37167750 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Dairy Products. (Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Good |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
New Zealand |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers Maufacturer
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No. of Employees : |
600 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Finance Institutions : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S K Sehra and Company Chartered Accountants |
|
Address : |
Flat 104 1st Floor, and Community Centre Naraina, New Delhi
– 110 028, India |
|
Tel. No.: |
91-11-41410088 |
|
Fax No.: |
91-11-41110022 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS5617E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37167750 |
Equity Shares |
Rs.10/- each |
Rs.371.678
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
371.678 |
371.678 |
347.739 |
|
(b) Reserves & Surplus |
2319.807 |
1905.332 |
1443.698 |
|
(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) |
2691.485 |
2277.010 |
1791.437 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1812.650 |
1461.226 |
1764.773 |
|
(b) Deferred tax liabilities
(Net) |
362.266 |
419.183 |
320.552 |
|
(c) Other long term
liabilities |
0.000 |
0.345 |
0.000 |
|
(d) long-term provisions |
9.053 |
8.896 |
6.047 |
|
Total
Non-current Liabilities (3) |
2183.969 |
1889.650 |
2091.372 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
525.039 |
1273.408 |
1180.450 |
|
(b) Trade payables |
853.343 |
418.706 |
55.708 |
|
(c) Other current liabilities |
1337.263 |
499.052 |
405.387 |
|
(d) Short-term provisions |
24.859 |
32.480 |
12.984 |
|
Total
Current Liabilities (4) |
2740.504 |
2223.646 |
1654.529 |
|
|
|
|
|
|
TOTAL |
7615.958 |
6390.306 |
5537.338 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2410.467 |
2591.479 |
2613.457 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
557.150 |
0.000 |
13.914 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.201 |
1.201 |
3.701 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
54.033 |
211.703 |
169.292 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3022.851 |
2804.383 |
2800.364 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
1.500 |
|
(b) Inventories |
1549.408 |
1326.688 |
993.111 |
|
(c) Trade receivables |
1930.033 |
1500.399 |
1113.091 |
|
(d) Cash and cash equivalents |
913.218 |
447.167 |
502.141 |
|
(e) Short-term loans and
advances |
161.626 |
288.340 |
112.908 |
|
(f) Other current assets |
38.822 |
23.329 |
14.223 |
|
Total
Current Assets |
4593.107 |
3585.923 |
2736.974 |
|
|
|
|
|
|
TOTAL |
7615.958 |
6390.306 |
5537.338 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
18226.169 |
12230.258 |
12652.012 |
|
|
Other Income |
93.139 |
94.415 |
23.113 |
|
|
TOTAL
(A) |
18319.308 |
12324.673 |
12675.125 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
15824.479 |
9670.976 |
10654.148 |
|
|
Purchases of Stock-in-Trade |
178.520 |
193.757 |
63.698 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(723.350) |
(115.715) |
(253.736) |
|
|
Employees benefits expense |
140.241 |
98.067 |
73.403 |
|
|
Other expenses |
1599.537 |
1266.760 |
1112.866 |
|
|
TOTAL
(B) |
17019.427 |
11113.845 |
11650.379 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1299.881 |
1210.828 |
1024.746 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
262.550 |
244.422 |
190.027 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1037.331 |
966.406 |
834.719 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
400.182 |
418.427 |
282.015 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
637.149 |
547.979 |
552.704 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
222.674 |
194.069 |
170.553 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
414.475 |
353.910 |
382.151 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
720.931 |
107.08 |
|
|
TOTAL
EARNINGS |
NA |
720.931 |
107.080 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials & Capital
Goods |
NA |
NA |
110.665 |
|
|
TOTAL
IMPORTS |
NA |
NA |
110.665 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
11.15 |
9.85 |
10.99 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
659.413 |
337.581 |
210.216 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2015.697 |
596.110 |
480.844 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.27 |
2.89 |
3.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.13 |
9.90 |
8.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.03 |
8.58 |
10.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.24 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.11 |
1.35 |
1.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.61 |
1.65 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
347.739 |
371.678 |
371.678 |
|
Reserves & Surplus |
1443.698 |
1905.332 |
2319.807 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1791.437 |
2277.010 |
2691.485 |
|
|
|
|
|
|
long-term borrowings |
1764.773 |
1461.226 |
1812.650 |
|
Short term borrowings |
1180.450 |
1273.408 |
525.039 |
|
Current maturities of
long-term debts |
210.216 |
337.581 |
659.413 |
|
Total
borrowings |
3155.439 |
3072.215 |
2997.102 |
|
Debt/Equity
ratio |
1.761 |
1.349 |
1.114 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
12652.012 |
12230.258 |
18226.169 |
|
|
|
(3.333) |
49.025 |
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 |
12652.012 |
12230.258 |
18226.169 |
|
Profit |
382.151 |
353.910 |
414.475 |
|
|
3.02% |
2.89% |
2.27% |
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
5.450 |
|
Total |
0.000 |
5.450 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10607941 |
14/12/2015 |
300,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C73288219 |
|
2 |
10607944 |
14/12/2015 |
650,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C73289373 |
|
3 |
10556620 |
17/02/2015 |
41,000,000.00 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
TOWER C, 14TH
FLOOR, BUILDING NO. 10, DLF CYBER C |
C47477997 |
|
4 |
10539842 |
02/01/2015 |
74,351,000.00 |
UTTAR PARDESH FINANCIAL CORPORATION |
14/88, CIVIL LINES,
KANPUR, UTTAR PRADESH - 208001 |
C38764874 |
|
5 |
10539640 |
04/12/2014 |
100,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
C38643565 |
|
6 |
10537125 |
24/09/2014 |
680,000,000.00 |
HDFC BANK LIMITED |
E-13/29, 2ND
FLOOR,, HARSHA BHAWAN, MIDDLE CIRCLE |
C37251931 |
|
7 |
10504665 |
04/04/2014 |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
C07826779 |
|
8 |
10474474 |
09/01/2014 |
300,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124 CONNAUGHT |
B95043527 |
|
9 |
10446964 |
06/09/2013 |
61,161,000.00 |
U. P. FINANCIAL CORPORATION |
14/88, CIVIL LINES,
KANPUR, UTTAR PRADESH - 208001 |
B84001312 |
|
10 |
10443272 |
08/08/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B82225137 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
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.66.30 |
|
UK Pound |
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
64 |
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.