MIRA INFORM REPORT
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Report No. : |
305669 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAA MAHAMAYA INDUSTRIES LIMITED (w.e.f. 03.04.2007) |
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|
|
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Formerly Known
As : |
MAA MAHAMAYA INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Industrial Ward, Dhamtari – 493773, Chhattisgarh |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.06.2003 |
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Com. Reg. No.: |
33-015889 |
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Capital Investment
/ Paid-up Capital : |
Rs.1088.755 Millions |
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CIN No.: [Company Identification
No.] |
U27106CT2003PLC015889 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCM5858Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Industrial Plants and Machines, Sponge Iron Plant, TMT Bars, Billets and sponge iron plants. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of continuous dip in the turnover
and heavy losses incurred by the company from its two years of operation. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on a secured 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits=C |
|
Rating Explanation |
Poor credit quality and limited prospects of
recovery. |
|
Date |
29.09.2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based limits=A4 |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
29.09.2014 |
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
31-03-2014.
LOCATIONS
|
Registered Office : |
Industrial Ward, Dhamtari – 493773, Chhattisgarh, India |
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Tel. No.: |
91-77-22232351 |
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Fax No.: |
91-77-22235300 |
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E-Mail : |
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Factory : |
R.G. Peta Village-L-Kota (Medal), Vizianagaram – 535161, Andhra
Pradesh, India |
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Tel. No.: |
91-8666-277361 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ashok Kumar Agarwal |
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Designation : |
Managing Director |
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Address : |
301, Pine Wood, Jasti Square, Pandurangapuram, Visakhapatnam - 530023,
Andhra Pradesh, India |
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Date of Birth/Age : |
09.12.1962 |
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Date of Appointment : |
11.04.2007 |
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DIN No.: |
00522607 |
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Other Directorship:
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Name : |
Mr. Ram Charan Agrawal |
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Designation : |
Director |
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Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
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Date of Birth/Age : |
08.09.1956 |
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Date of Appointment : |
24.09.2014 |
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DIN No.: |
01413484 |
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Other Directorship:
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Name : |
Mr. Agrawal Vidyasagar |
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Designation : |
Director |
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Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
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Date of Birth/Age : |
20.01.1932 |
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Date of Appointment : |
24.09.2014 |
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DIN No.: |
01413506 |
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Other Directorship:
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Name : |
Mr. Ram Gopal Agrawal |
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Designation : |
Director |
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Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
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Date of Birth/Age : |
14.10.1958 |
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Date of Appointment : |
24.09.2014 |
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DIN No.: |
01436551 |
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Other Directorship:
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Name : |
Mr. Om Prakash Agrawal |
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Designation : |
Director |
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Address : |
Industrial Ward, Dhamtari - 493773, Chhattisgarh, India |
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Date of Birth/Age : |
31.10.1966 |
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Date of Appointment : |
16.06.2003 |
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DIN No.: |
01453837 |
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Other Directorship:
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Name : |
Mrs. Anita Agrawal |
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Designation : |
Director |
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Address : |
F.No.301, 302, Pine Wood, Jastisquare, Pandurangapuram, Beach Road,
Visakhapatnam - 530003, Andhra Pradesh, India |
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Date of Birth/Age : |
09.04.1963 |
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Date of Appointment : |
16.06.2003 |
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DIN No.: |
01765267 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Ashok Kumar Agarwal |
23396300 |
|
Vidya Sagar Agarwal |
1169440 |
|
Ramcharan Agarwal |
4454370 |
|
Ram Gopal Agarwal |
6881400 |
|
Om Prakash Agarwal |
4236500 |
|
Anita Agarwal |
10203700 |
|
Pinki Agarwal |
2863500 |
|
Santoshidevi Agarwal |
2645630 |
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Sharadadevi Agarwal |
2048600 |
|
G V A Industries Private Limited |
17930560 |
|
Skylight Sales Private Limited |
890000 |
|
Minolta Vyapaar Private Limited |
25000 |
|
Harmony Deal Mark Private Limited |
35000 |
|
Uplink Marketing Private Limited |
25000 |
|
Rimjhim Sales Agencies Private Limited |
25000 |
|
Rajhans Dealers Private Limited |
25000 |
|
Devgriha Promoters Private Limited |
50000 |
|
Ambika Commodeal Private Limited |
75000 |
|
Nivedan Realtors Private Limited |
50000 |
|
Hooghly Jute Mills (Bobblli) Private Limited |
25000 |
|
Matrix Distributors Private Limited |
25000 |
|
Dhansagar Sales Private Limited |
25000 |
|
Sneha Residency Private Limited |
57000 |
|
Blue Sky Suppliers Private Limited |
25000 |
|
Jiwanjyothi Vlnimay Private Limited |
25000 |
|
Active Vincom Private Limited |
25000 |
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|
|
|
Total |
77237000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
25.04 |
|
Directors or relatives of Directors |
74.96 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Plants and Machines, Sponge Iron Plant, TMT Bars, Billets and sponge iron plants. |
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Products : |
· Industrial Plants · Machines · Sponge Iron Plant · TMT Bars · Billets ·
Sponge Iron Plants |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
· Bank of Baroda (Lead Bank), Mid Corporate Branch, 1st Floor, K.K. Road, Mahavir Gaushala Complex, Raipur – 492001, Chhattisgarh, India · Central Bank of India, Visakhapatnam Midcorporate Branch, J.K. Centre, Seethammapet, Visakhapatnam – 530016, Andhra Pradesh, India · Indian Overseas Bank, Jagadamba Centre Branch, Dabagardens, Visakhapatnam – 530020, Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S K Goyal and Associates Chartered Accountants |
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Address : |
Vivekananda Nagar |
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PAN No.: |
ADQPG8823J |
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Membership : |
-- |
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Associate Company : |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115000000 |
Equity Shares |
Rs.10/- each |
Rs.1150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108875500 |
Equity Shares |
Rs.10/- each |
Rs.1088.755 Millions |
|
|
|
|
|
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
81000000 |
Equity Shares |
Rs.10/- each |
Rs.810.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
77237000 |
Equity Shares |
Rs.10/- each |
Rs.772.370 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
1088.755 |
772.370 |
754.070 |
|
(b) Reserves & Surplus |
(1028.203) |
(635.068) |
351.708 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
40.000 |
0.000 |
18.300 |
|
Total
Shareholders’ Funds (1) + (2) |
100.552 |
137.302 |
1124.078 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3367.733 |
2154.009 |
1767.814 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
161.659 |
69.189 |
64.971 |
|
(d) long-term
provisions |
2.120 |
1.688 |
1.643 |
|
Total Non-current
Liabilities (3) |
3531.512 |
2224.886 |
1834.428 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
281.687 |
766.153 |
776.578 |
|
(b) Trade
payables |
518.334 |
526.484 |
597.052 |
|
(c) Other
current liabilities |
926.553 |
812.695 |
857.453 |
|
(d) Short-term
provisions |
6.251 |
6.251 |
7.199 |
|
Total Current
Liabilities (4) |
1732.825 |
2111.583 |
2238.282 |
|
|
|
|
|
|
TOTAL |
5364.889 |
4473.771 |
5196.788 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1875.434 |
2023.490 |
2171.397 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
69.064 |
69.064 |
25.448 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
118.000 |
118.000 |
166.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
650.750 |
106.702 |
107.057 |
|
Total Non-Current
Assets |
2713.248 |
2317.256 |
2469.902 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1324.724 |
807.659 |
1141.764 |
|
(c) Trade
receivables |
593.191 |
595.455 |
800.714 |
|
(d) Cash
and cash equivalents |
91.800 |
152.849 |
124.550 |
|
(e)
Short-term loans and advances |
622.139 |
577.903 |
619.905 |
|
(f) Other
current assets |
19.787 |
22.649 |
39.953 |
|
Total
Current Assets |
2651.641 |
2156.515 |
2726.886 |
|
|
|
|
|
|
TOTAL |
5364.889 |
4473.771 |
5196.788 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1679.759 |
2950.717 |
3844.037 |
|
|
|
Other Income |
17.201 |
6.165 |
20.987 |
|
|
|
TOTAL (A) |
1696.960 |
2956.882 |
3865.024 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1450.684 |
2852.183 |
2649.314 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(129.126) |
66.243 |
63.870 |
|
|
|
Employee Benefits Expenses |
69.629 |
70.672 |
65.567 |
|
|
|
Other Expenses |
251.966 |
396.397 |
442.346 |
|
|
|
TOTAL (B) |
1643.153 |
3385.495 |
3221.097 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
53.807 |
(428.613) |
643.927 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
296.744 |
407.797 |
459.345 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(242.937) |
(836.410) |
184.582 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
150.042 |
150.366 |
148.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(392.979) |
(986.776) |
35.980 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.156 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(393.135) |
(986.776) |
35.980 |
|
|
|
|
|
|
|
|
|
|
C.I.F. VALUE OF
IMPORTS |
0.351 |
0.542 |
7.029 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(3.61) |
-- |
0.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
(23.40) |
(33.44) |
0.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.20 |
(14.53) |
16.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.59) |
(23.02) |
0.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.91) |
(7.19) |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
36.29 |
21.27 |
2.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.53 |
1.02 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
754.070 |
772.370 |
1088.755 |
|
Reserves & Surplus |
351.708 |
(635.068) |
(1028.203) |
|
Share Application money pending
allotment |
18.300 |
0.000 |
40.000 |
|
Net
worth |
1124.078 |
137.302 |
100.552 |
|
|
|
|
|
|
long-term borrowings |
1767.814 |
2154.009 |
3367.733 |
|
Short term borrowings |
776.578 |
766.153 |
281.687 |
|
Total
borrowings |
2544.392 |
2920.162 |
3649.420 |
|
Debt/Equity
ratio |
2.264 |
21.268 |
36.294 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
3844.037 |
2950.717 |
1679.759 |
|
|
|
(23.239) |
(43.073) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
3844.037 |
2950.717 |
1679.759 |
|
Profit |
35.980 |
(986.776) |
(393.135) |
|
|
0.94% |
(33.44%) |
(23.40%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10392866 |
26/10/2012 |
80,500,000.00 |
INDIAN OVERSEAS BANK |
JAGADAMBA
CENTRE BRANCH, 28-1-1/2, DABAGARDENS, V |
B64467442 |
|
2 |
10378772 |
11/09/2012 |
507,700,000.00 |
CENTRAL BANK OF INDIA |
VISAKHAPATNAM MIDCORPORATE BRANCH, J.K. CENTRE, SEETHAMMAPET, VISAKHAPATNAM, ANDHRA PRADESH - 530016, INDIA |
B58986829 |
|
3 |
10366391 |
14/06/2012 |
40,000,000.00 |
BANK OF BARODA |
MID CORPORATE BRANCH, 1ST FLOOR, K.K. ROAD, MAHAVIR GAUSHALA COMPLEX, RAIPUR, CHHATTISGARH - 492001, INDIA |
B44109130 |
|
4 |
10357063 |
04/04/2012 |
376,800,000.00 |
BANK OF BARODA |
MID CORPORATE BRANCH, 1ST FLOOR,, K.K. ROAD, MAHAVIR GAUSHALA COMPLEX, RAIPUR, CHHATTISGARH - 492001, INDIA |
B40114134 |
|
5 |
10332066 |
29/12/2011 |
60,000,000.00 |
BANK OF BARODA |
MID CORPORATE BRANCH, K.K. ROAD, MAHAVIR GAUSHALA COMPLEX, MOUDHAPARA, RAIPUR, CHHATTISGARH - 492001, INDIA |
B30635999 |
|
6 |
10249015 |
19/10/2010 |
37,500,000.00 |
BANK OF BARODA |
WHOLESALE
BANKING BRANCH, 1ST FLOOR, MAHAVIR GOUSHALA COMMERCIAL COMPLEX, FAFADIH,
RAIPUR, CHHATTIS |
A98452618 |
|
7 |
10209948 |
03/02/2010 |
973,000.00 |
INDIAN OVERSEAS BANK |
JAGADAMBA
CENTRE BRANCH, 28-1-1/2, DABAGARDENS, V |
A82068750 |
|
8 |
10091547 |
17/06/2009 * |
1,960,500,000.00 |
BANK OF BARODA (LEAD BANK) |
WHOLE
SALE BANKING BRANCH, 1ST FLOOR, MAHAVIR, GA |
A65332892 |
|
9 |
10091314 |
23/01/2014 * |
3,988,800,000.00 |
BANK OF BARODA (LEAD BANK) |
MID CORPORATE BRANCH, 1ST FLOOR, K.K. ROAD, MAHAVIR GAUSHALA COMPLEX, RAIPUR, CHHATTISGARH - 492001, INDIA |
B97586291 |
|
10 |
10042257 |
02/03/2007 |
27,100,000.00 |
BANK OF MAHARASHTRA |
29, BHADABHADA ROAD, NEW MARKET, BHOPAL, MADHYA PRADESH - 462001, INDIA |
A12331138 |
|
11 |
10029605 |
30/11/2006 |
17,000,000.00 |
UNION BANK OF INDIA |
DWARAKANAGAR BRANCH, 4TH LANE, DWARAKANAGAR, VISAKHAPATNAM, ANDHRA PRADESH - 530016, INDIA |
A08268575 |
|
12 |
10029899 |
09/11/2006 |
32,200,000.00 |
BANK OF BARODA |
PANDRI
BRANCH, RAIPUR B-28/4, DEVENDRA NAGAR, NEW |
A08468001 |
|
13 |
10025265 |
25/04/2008 * |
74,200,000.00 |
PUNJAB NATIONAL BANK |
LIC BUILDING, VISAKHAPATNAM, ANDHRA PRADESH - 530004, INDIA |
A39660766 |
|
14 |
10021554 |
29/09/2006 |
235,000,000.00 |
PUNJAB NATIONAL BANK |
LIC BUILDING, VISAKHAPATNAM, ANDHRA PRADESH - 530016, INDIA |
A05339957 |
|
15 |
10001780 |
13/03/2006 |
425,275,000.00 |
THE BANK OF BARODA CONSORTIUM |
PANDRI
BRANCH, PANDRI ROAD, RAIPUR, CHHATTISGARH |
A00593574 |
|
16 |
90209913 |
23/03/2005 * |
429,400,000.00 |
BANK OF BARODA |
PANDRI BRANCH, RAIPUR, MADHYA PRADESH, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.61.68 |
|
|
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
13 |
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.