MIRA
INFORM REPORT
|
Report No. : |
307562 |
|
Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARO GRANITE INDUSTRIES LIMITED |
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Registered
Office : |
1001, 10th Floor, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.05.1988 |
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Com. Reg. No.: |
55-31510 |
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Capital
Investment / Paid-up Capital : |
Rs. 153.000 millions |
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CIN No.: [Company Identification
No.] |
L74899DL1988PLC031510 |
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEA11854D |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer, Exporter and
Supplier of Granite Slabs and Tiles. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4100000 |
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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 is an established company having satisfactory track. Profitability
of the company is sound. General financials of the company appears to be
satisfactory as well. The rating also takes into consideration working capital intensive
operations by the company. However, trade relations are reported as fair. Business is active.
Payments are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating “BBB-” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
Jan 09, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
Jan 09, 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Sabyasachi |
|
Designation : |
Company secretary |
|
Contact No.: |
91-11-41686169 |
|
Date : |
10.02.2015 |
LOCATIONS
|
Registered Office : |
1001, 10th Floor, DLF Tower A, Jasola New Delhi 110 025, India |
|
Tel. No.: |
91-11-41686169 |
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Fax No.: |
91-11-26941984 |
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E-Mail : |
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|
Website : |
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|
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Corporate Office/ Factory : |
Koneripalli Village, Via: Shoolagiri, Taluk: Hosur, Dist. Krishnagiri,
Tamil Nadu 635117, India |
|
Tel. No.: |
91-4344 252100 |
|
Fax No.: |
91-4344 252217 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Sunil K Arora |
|
Designation : |
Managing Director |
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|
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|
Name : |
Mr. Kasturi Lal
Arora |
|
Designation : |
Director |
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|
Name : |
Mr. Dinesh
Chandra Kothari |
|
Designation : |
Director |
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|
Name : |
Mrs. Sujata Arora |
|
Designation : |
Director |
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|
Name : |
Mr. Rahul Gupta |
|
Designation : |
Director |
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|
Name : |
Mr. Pradeep Kumar Jain |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Sabyasachi Panigrahi |
|
Designation : |
Company Secretary |
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|
|
Name : |
Mr. Karadatta |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2014
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
6264631 |
40.95 |
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|
6264631 |
40.95 |
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|
Total shareholding of Promoter and Promoter Group (A) |
6264631 |
40.95 |
|
(B) Public Shareholding |
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|
296949 |
1.94 |
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|
296949 |
1.94 |
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|
1604426 |
10.49 |
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|
|
|
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|
2150786 |
14.06 |
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|
4575078 |
29.90 |
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|
408130 |
2.67 |
|
|
408130 |
2.67 |
|
|
8738420 |
57.11 |
|
Total Public shareholding (B) |
9035369 |
59.05 |
|
Total (A)+(B) |
15300000 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
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|
0 |
0.00 |
|
Total (A)+(B)+(C) |
15300000 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and
Supplier of Granite Slabs and Tiles |
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|
Products : |
Granite Slabs and Tiles |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Not Divulged |
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Bankers : |
Bank of Baroda The Hong kong and Shanghai Banking Corporation Limited |
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Alok Mittal and Associates Chartered Accountant |
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Tel No.: |
91-11-46113729/26968470 |
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Fax No.: |
91-11-41655810 |
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Email Id: |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 06.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,96,00,000 |
Equity Shares |
Rs.10/- each |
Rs.196.000 Millions |
|
40,000 |
10% Convertible Cumulative Preference Shares |
Rs. 100/- each |
Rs.4.000 millions |
|
|
Total |
|
Rs.200.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,53,00,000 |
Equity Shares |
Rs.10/- each |
Rs.153.000 Millions |
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|
|
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|
Disclosure pursuant
to Note no. 1 of Part I of Schedule VI to the Companies Act, 1956 (Following disclosure
should be made for each class of Shares)
|
Name of Shareholder |
As on 31.03.2014 |
|
|
|
No. of Shares |
Rs in Millions |
|
Shares outstanding at the beginning of the year |
1,02,00,000 |
102.000 |
|
Shares Issued during the year |
51,00,000 |
51.000 |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
1,53,00,000 |
153.000 |
Shares in the company
held by shareholders holding more than 5% of Shares
|
Name of Shareholder |
As on 31.03.2014 |
|
|
|
No. of Shares |
% of Holding |
|
Sunil Kumar Arora |
4869315 |
31.83 |
|
Dilip Kumar Lakhi |
1503900 |
9.83 |
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 |
153.000 |
102.000 |
102.000 |
|
(b) Reserves & Surplus |
1266.208 |
1124.187 |
1023.054 |
|
(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) |
1419.208 |
1226.187 |
1125.054 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
69.819 |
31.246 |
|
(b) Deferred tax liabilities (Net) |
103.824 |
90.651 |
81.613 |
|
(c) Other long term liabilities |
1.305 |
1.892 |
93.262 |
|
(d) long-term provisions |
9.522 |
8.729 |
5.817 |
|
Total Non-current Liabilities (3) |
114.651 |
171.091 |
211.938 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1091.882 |
883.626 |
681.097 |
|
(b) Trade payables |
212.500 |
148.431 |
149.404 |
|
(c) Other current
liabilities |
39.078 |
40.713 |
16.655 |
|
(d) Short-term provisions |
42.006 |
20.400 |
18.554 |
|
Total Current Liabilities (4) |
1385.466 |
1093.170 |
865.710 |
|
|
|
|
|
|
TOTAL |
2919.325 |
2490.448 |
2202.702 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
835.669 |
850.535 |
683.118 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
152.227 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.602 |
11.655 |
16.389 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
844.271 |
862.190 |
851.734 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.187 |
0.187 |
0.187 |
|
(b) Inventories |
906.872 |
749.621 |
667.129 |
|
(c) Trade receivables |
882.142 |
721.304 |
561.797 |
|
(d) Cash and cash
equivalents |
157.619 |
32.515 |
37.710 |
|
(e) Short-term loans and
advances |
67.087 |
67.273 |
36.098 |
|
(f) Other current assets |
61.147 |
57.358 |
48.047 |
|
Total Current Assets |
2075.054 |
1628.258 |
1350.968 |
|
|
|
|
|
|
TOTAL |
2919.325 |
2490.448 |
2202.702 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2513.383 |
1872.568 |
1592.080 |
|
|
|
Other Income |
46.726 |
(1.627) |
(5.282) |
|
|
|
TOTAL (A) |
2560.109 |
1870.941 |
1586.798 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1536.880 |
1093.351 |
959.276 |
|
|
|
Purchases of Stock-in-Trade |
19.296 |
25.114 |
27.758 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(21.576) |
(53.845) |
(74.013) |
|
|
|
Employees benefits expense |
118.617 |
108.286 |
86.023 |
|
|
|
Other expenses |
518.209 |
447.610 |
384.478 |
|
|
|
TOTAL (B) |
2171.426 |
1620.516 |
1383.522 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
388.683 |
250.425 |
203.276 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
53.416 |
51.330 |
42.734 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
335.267 |
199.095 |
160.542 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
51.613 |
47.000 |
41.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
283.654 |
152.095 |
118.758 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
72.732 |
39.502 |
30.971 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
210.922 |
112.593 |
87.787 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
795.399 |
714.266 |
658.334 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
20.000 |
20.000 |
|
|
|
Dividends Tax |
2.601 |
1.654 |
1.655 |
|
|
|
Proposed Dividends |
15.300 |
10.200 |
10.200 |
|
|
|
Wealth Tax |
0.000 |
(0.394) |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
968.420 |
795.399 |
714.266 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2366.155 |
1779.647 |
1484.148 |
|
|
TOTAL EARNINGS |
2366.155 |
1779.647 |
1484.148 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
335.300 |
194.060 |
163.906 |
|
|
|
Stores & Spares |
16.883 |
29.064 |
20.951 |
|
|
|
Capital Goods |
17.726 |
111.015 |
188.059 |
|
|
|
Consumables |
99.928 |
151.513 |
94.785 |
|
|
|
Overseas Business Travelling |
10.000 |
15.568 |
11.929 |
|
|
|
Other Expenses |
0.000 |
0.000 |
1.969 |
|
|
TOTAL IMPORTS |
479.837 |
334.139 |
481.599 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
18.18 |
11.92 |
9.30 |
|
|
|
Diluted |
17.11 |
11.04 |
8.61 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.39 |
6.01 |
5.51 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
15.46 |
13.37 |
12.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.72 |
6.11 |
5.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
0.78 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.49 |
1.56 |
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 |
102.000 |
102.000 |
153.000 |
|
Reserves & Surplus |
1023.054 |
1124.187 |
1266.208 |
|
Net
worth |
1125.054 |
1226.187 |
1419.208 |
|
|
|
|
|
|
long-term borrowings |
31.246 |
69.819 |
0.000 |
|
Short term borrowings |
681.097 |
883.626 |
1091.882 |
|
Total
borrowings |
712.343 |
953.445 |
1091.882 |
|
Debt/Equity
ratio |
0.633 |
0.778 |
0.769 |
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 |
1592.080 |
1872.568 |
2513.383 |
|
|
|
17.618 |
34.221 |
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 |
1592.080 |
1872.568 |
2513.383 |
|
Profit |
87.787 |
112.593 |
210.922 |
|
|
5.51% |
6.01% |
8.39% |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
Granite
Industry-Structure and Developments
India
is the proud home to vast resources of granite with more than 125 varieties of different
colours and textures such as black, grey, pink, multi coloured etc. These
varieties are used to produce slabs, titles, surface plates etc. for use in
commercial as well as residential buildings and also used for making of
monuments etc. Of these enormous deposits of granites discovered in the
country, popular and famous varieties are mainly found in South India.
Export
of Granite is freely allowed and is exported mainly to Japan, USA, UK, Germany,
Netherlands, Italy, West Asia, Eastern Europe, and Latin America.
Outlook
India,
which is blessed with unique colours and large deposits of granite, has already
claimed its privileged status as the Number one Country for granites so far as
colour, variety, quality and pricing are concerned. With the availability of
number of new color of granites found and with the cheap and skilled labor as
well as the quality coupled with, India will continue to dominate the granite
world in the years to come
INDEX OF CHARGES
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10537748 |
23/12/2014 |
80,821,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
NO 7, M G ROAD, BANGALORE,
Karnataka - 560001, INDIA |
C37559168 |
|
2 |
10537953 |
23/12/2014 |
85,828,400.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
NO 7, M G ROAD,
BANGALORE, Karnataka - 560001, INDIA |
C37660115 |
|
3 |
10351337 |
26/12/2012 * |
430,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
NO 7, MAHATMA
GANDHI ROAD, BANGALORE, Karnataka - |
B65087314 |
|
4 |
10325844 |
13/11/2013 * |
220,400,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
NO 7, M G ROAD,
BANGALORE, Karnataka - 560001, INDIA |
B89669147 |
|
5 |
10060644 |
02/09/2014 * |
522,000,000.00 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
NO 7, M G ROAD,
BANGALORE, Karnataka - 560001, INDIA |
C21100797 |
|
6 |
90064627 |
06/10/2004 |
42,500,000.00 |
STATE BANK OF
PATIALA |
S.S.I. BRANCH,
G.T. ROAD, PANIPAT, Haryana, INDIA |
- |
|
7 |
90064178 |
14/05/2014 * |
1,030,000,000.00 |
Bank of Baroda |
International Business
Branch,, 16, Parliament Street,, New Delhi, Delhi - 110001, INDIA |
C06247431 |
|
8 |
90063782 |
20/07/1994 * |
750,000.00 |
HARYANA
FINANCIAL CORPORATION |
CHANDIGARH,
CHANDIGARH, Chandigarh, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Electrical Equipment
·
Office equipment
·
Vehicles
·
Canteen equipment
STATEMENT
OF UNAUDITED STANDALONE RESULTS FOR THE QUARTER AND HALF YEAR ENDED 31st
DECEMBER 2014
(Rs.
In Millions)
|
Particulars |
|
||
|
Quarter Ended |
Half Year Ended |
||
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
(Audited) |
(Audited) |
(Audited) |
|
|
PART
I |
|
|
|
|
Sales/Income
from operations |
602.816 |
715.732 |
2009.785 |
|
Less: Excise Duty |
4.748 |
6.655 |
16.826 |
|
Total
income from operations (net) |
598.068 |
709.077 |
1992.959 |
|
Expenses |
|
|
|
|
a)
(Increase)/decrease in stock in trade and work in progress |
-43.581 |
-0.347 |
-48.606 |
|
b) Consumption
of raw Material |
391.380 |
453.816 |
1273.159 |
|
c)
Purchase of traded goods |
5.279 |
2.345 |
10.994 |
|
d)
Power & fuel |
0.000 |
0.000 |
0.000 |
|
e)
Employee benefits expenses |
36.827 |
33.265 |
100.237 |
|
f)
Depreciation and amortization expenses |
22.549 |
22.526 |
67.362 |
|
g)
Other expenses |
129.260 |
137.420 |
400.651 |
|
Total
Expenses |
541.714 |
649.025 |
1803.797 |
|
Profit/(Loss) from operations before other
income, finance cost and exceptional items |
56.354 |
60.052 |
189.162 |
|
Other Income |
2.419 |
23.291 |
24.134 |
|
Profit/(Loss) from ordinary activities
before finance costs & exceptional items |
58.773 |
83.343 |
213.296 |
|
Finance costs |
14.607 |
14.502 |
43.223 |
|
Profit/(Loss) from ordinary activities
after finance costs but before exceptional items |
44.166 |
68.841 |
170.073 |
|
Exceptional items |
-- |
-- |
-- |
|
Profit/(Loss) from ordinary activities
before tax |
44.166 |
68.841 |
170.073 |
|
Tax expense (Net) |
7.436 |
10.544 |
22.850 |
|
Net
Profit/(Loss) from ordinary activities after tax |
36.730 |
58.297 |
147.223 |
|
Extraordinary items (net of tax expenses) |
-- |
-- |
-- |
|
Net
Profit/(Loss) for the period |
36.730 |
58.297 |
147.223 |
|
Paid-up equity share capital (Face value
per share Re.1) |
153.000 |
153.000 |
153.000 |
|
Reserves (excluding revaluation reserve) |
-- |
-- |
-- |
|
Earnings per share before and after
extraordinary items (Not annualized) |
|
|
|
|
Basic
(Rs.) |
2.40 |
3.81 |
9.62 |
|
Diluted
(Rs.) |
2.40 |
3.81 |
9.62 |
|
PART
II |
|
|
|
|
PARTICULARS
OF SHAREHOLDING |
|
|
|
|
Public
shareholding |
|
|
|
|
-
Number of shares (Re. 1 each) |
9035369 |
9035369 |
9035369 |
|
-
Percentage of shareholding |
59.06 |
59.06 |
59.06 |
|
Promoters
and promoter group shareholding |
|
|
|
|
a) Pledged/Encumbered |
|
|
|
|
-
Number of shares |
|
|
|
|
-
Percentage of shares (as a % of the total shareholding of promoter and
promoter group) |
Nil |
Nil |
Nil |
|
-
Percentage of shares (as a % of the total share capital of the
company) |
Nil |
Nil |
Nil |
|
b) Non-Encumbered |
|
|
|
|
-
Number of shares |
6264631 |
6264631 |
6264631 |
|
- Percentage
of shares (as a % of the total shareholding of promoter and promoter group) |
100.00 |
100.00 |
100.00 |
|
-
Percentage of shares (as a % of the total share capital of the
company) |
40.95 |
40.95 |
40.95 |
|
Particulars
|
30.12.2014 |
|
Investors
Complaints (Nos.) |
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed of during the quarter |
Nil |
|
Remaining unresolved at the end of the quarter |
Nil |
Note :
1. The above Audited results have been reviewed by the Audited Committee and
Approved by the Board of Directors at their respective meetings held on
27.01.2015
2. The company is in Granite Tiles and Slabs Business and does not have more
than one reportable segments in line with the Accounting Standard (AS-17),
“Segment Reporting” Issued by the Institutes of Chartered Accountants of India
and hence the segmental reporting is not required to be given.
3. Figure for the Previous year/quarter have been regrouped/rearranged
wherever necessary\
4. The tax expenses for the current quarter is calculated after taking into
account MAT credit available, and deferred tax liability.
5.
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.62.24 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis
Done by : |
SUM |
|
|
|
|
Report
Prepared by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
5 |
|
OPERATING
SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT
POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT
POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.