MIRA INFORM REPORT
|
Report No. : |
302496 |
|
Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND POWER INFRASTRUCTURE LIMITED |
|
|
|
|
Formerly Known
As : |
DIAMOND CABLES LIMITED |
|
|
|
|
Registered
Office : |
Phase II, Village Vadadala, Taluka Savli, District Baroda – 391 520,
Gujarat |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
26.08.1992 |
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Com. Reg. No.: |
04-018198 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs. 581.419 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31300GJ1992PLC018198 |
|
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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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 of conductors, cables and selling out- sourced products and EPC Contracts. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
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 |
|
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. Borrowings of the company has increased. Further, the rating takes into account the delays by the company in
debt servicing However, business is active. Payments terms are reported to be slow. The company can be considered for business dealings on 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 Bank Facilities = (C) ( Revised
from BBB+) |
|
Rating Explanation |
Poor Credit Quality and Limited Prospects of
Recovery |
|
Date |
28.11.2014 |
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 / Factory : |
Phase II, Village Vadadala, Taluka Savli, District Baroda – 391 520,
Gujarat, India |
|
Tel. No.: |
91-2667-251516 / 251354 / 251517 |
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Fax No.: |
91-2667-251202 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
Essen House, 5/9-10, B.I.D.C., Gorwa, Vadodara – 390016, Gujarat,
India |
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Tel No: |
91-265-2284328 / 2283969 |
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Fax No.: |
91-265-2280528 |
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Email : |
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Marketing Office : |
403, 4th Floor, Subham Complex, Chakala Andheri Kurla Road,
Andheri (East) Mumbai-400099, Maharashtra, India |
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Branch Office : |
Located at
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DIRECTORS
As on: 31.03.2013
|
Name : |
Mr. S.N. Bhatnagar |
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Designation : |
Chairman |
|
Qualification : |
Mechanical Engineer |
|
Experience : |
50 years |
|
|
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|
Name : |
Mr. Amit Bhatnagar |
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Designation : |
Managing Director |
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Qualification : |
Bachelor’s degree in Industrial Engineering (gold medalist) from Saurashtra University and MBA in Finance and MOP with a gold medal from the Asian Institute of Management, Manila. |
|
Experience : |
24 years |
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|
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|
Name : |
Dr. Sumit Bhatnagar |
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Designation : |
Joint Managing Director |
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Qualification : |
BE in Electronics from Pune University |
|
Experience : |
20 years |
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|
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|
Name : |
Mr. Karthik Athreya |
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Designation : |
Non-Executive Nominee Director |
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Qualification : |
Commerce degree from Loyola College, Chennai. |
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Name : |
Mr. Bhavin Shah |
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Designation : |
Non-Executive Director |
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Qualification : |
Chartered Accountant and holds an MBA from the Indian Institute of Management (IIM), Ahmedabad. |
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|
Name : |
Dr. Kirit Vyas |
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Designation : |
Non-Executive Independent Director |
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Qualification : |
Doctor of Philosophy and Master of Science in Chemical Engineering from Illinois Institute of Technology, Chicago, Illinois, U.S.A. |
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|
Name : |
Mr. Ranvir Singh Shekhawat |
|
Designation : |
Non-executive Independent Direct |
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|
Name : |
Mr. Aswini Sahoo |
|
Designation : |
Non-Executive Independent Director |
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Date of Birth/Age : |
40 years |
|
Qualification : |
degree in Mechanical Engineering from Regional Engineering College, Rourkela and Post- Graduate diploma in management from the Indian Institute of Management, Bangalore. |
|
Experience : |
14 Years |
KEY EXECUTIVES
|
Name : |
Mr. Nishant Javlekar |
|
Designation : |
Company Secretary |
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|
Name : |
Mr. Jayramrao Marathe |
|
Designation : |
Executive Director (EPC Division)* |
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Name : |
Miss. Nivedita Pandya |
|
Designation : |
Technical advisor and Executive director (Projects)* |
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Name : |
Mr. P. Sridharan |
|
Designation : |
Director- Operations* (Diamond Power Transformers Limited) |
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|
Name : |
Mr. Jaideep Nigam |
|
Designation : |
Director Exports*(Diamond Power Global Holdings Limited, Dubai) |
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Name : |
Mr. Kirit. S. Dave |
|
Designation : |
Sr. Vice President – EPC Division Diamond Power Infrastructure Limited |
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|
Name : |
Mr. Prakash Mahajan |
|
Designation : |
Sr. Vice President – Cables |
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|
Name : |
Mr. Bhagwan Makhijani |
|
Designation : |
Sr. Vice President – Finance and Strategic Initiatives and CFO (Diamond Power Transformers Limited) |
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|
Name : |
Mr. Pankaj Pandya |
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Designation : |
Vice- President – Commercial and Engineering Services |
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|
Name : |
Mr. Rashesh Chhaya |
|
Designation : |
Vice President – Supply Chain |
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Name : |
Mr. Ghanshyam Singh |
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Designation : |
Vice President – LT Cables and Conductors |
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Name : |
Mr. Ramesh Mishra |
|
Designation : |
Vice President – Testing (HT Plant) |
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|
Name : |
Mr. Rajesh Dutta |
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Designation : |
Vice President – Marketing |
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|
Name : |
Mr. Jagdish Jain |
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Designation : |
Vice President – HT Cables and EHV Cables |
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|
Name : |
Mr. Prem Shekhar Prasad |
|
Designation : |
Vice President – EPC |
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|
Name : |
Mr. Vijay Shankar N S |
|
Designation : |
Vice President – QTP and PPC |
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|
Name : |
Mr. Lakhamshi R. Patel |
|
Designation : |
Vice – President (Marketing) Diamond Power Transformers Limited. |
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|
Name : |
Mr. Pratik Shah |
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Designation : |
Vice President (Accounts) |
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|
Name : |
Mr. Dashrath M. Patel |
|
Designation : |
Vice – President of Diamond Power Transformers Limited. |
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|
Name : |
Mr. Mukesh R Patel |
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Designation : |
Vice President – HR |
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Name : |
Mr. U K Shashidharan |
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Designation : |
Assistant Vice President – Transmission Tower Production |
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Name : |
Mr. M. Srinivassan |
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Designation : |
Assistant Vice President – Marketing |
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Name : |
Mr. Panicker Sugathan |
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Designation : |
Assistant Vice President – Purchase |
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Name : |
Mr. Omprakash Atre |
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Designation : |
Assistant Vice President – Logistics and Warehouse |
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|
Name : |
Mr. Chirag Kothari |
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Designation : |
Account Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Category of
Shareholder |
Total
No. of Shares |
% of
Total No. of Shares |
|
|
|
|
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
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|
5483393 |
10.15 |
|
|
11871746 |
21.98 |
|
|
17355139 |
32.14 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
17355139 |
32.14 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
103461 |
0.19 |
|
Venture Capital funds |
2944066 |
5.45 |
|
|
9685819 |
17.94 |
|
|
12733346 |
23.58 |
|
|
|
|
|
|
8875800 |
16.44 |
|
|
|
|
|
|
7279854 |
13.48 |
|
|
4113385 |
7.62 |
|
|
3642971 |
6.75 |
|
|
107218 |
0.20 |
|
|
1085776 |
2.01 |
|
|
2449623 |
4.54 |
|
|
354 |
0.00 |
|
|
23912010 |
44.28 |
|
Total Public shareholding (B) |
36645356 |
67.86 |
|
Total (A)+(B) |
|
|
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
54000495 |
100.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
54000495 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of conductors, cables and selling out-
sourced products and EPC Contracts. |
|
|
|
|
Products : |
v Cables
v Selling
Out- Sourced Products v EPC Contracts. |
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|
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Brand Names : |
DIATRON |
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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 (As on 31.03.2013)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
All Aluminum Alloy Conductors and CSR Conductor (Excluding Conductors used In Cables) |
MTPA. |
NA |
50500 |
43035 |
|
LT Electric Power Cables and Control Cables |
Kms |
NA |
34300 |
30589 |
|
HT Cables |
Kms |
NA |
5600 |
5485 |
|
EHV Cables |
Kms |
NA |
2000 |
1035 |
|
Transmission Towers |
MT |
NA |
48000 |
47031 |
Note:
Consumption of Assorted Wire / Wire rods is not provided, as they are totally consumed in-house for manufacture of conductors. Installed capacity and capacity utilization are as certified by the management and not verified by the auditors being a technical matter. The quantity in Kms. cannot comparable as the weight per Kms of each conductor varies on the cross section area and current carrying capacity. Hence, the production has been shown in Kms. The Quantity are usually taken as per relevant IS standards
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Vijay Tewar and Company Chartered Accountants |
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Address : |
315-316, Panorama, R.C. Dutt Road, Vadodara-390007, Gujarat, India |
|
Tel. No.: |
91-265-2334295 / 2337702 |
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Fax No.: |
91-265-3083444 |
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E-Mail : |
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Web Site : |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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Subsidiaries : |
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CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital : Rs.600.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.581.420 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 |
581.420 |
372.064 |
372.064 |
|
(b) Reserves & Surplus |
8754.735 |
6564.717 |
5701.596 |
|
(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) |
9336.155 |
6936.781 |
6073.660 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term
borrowings |
6724.877 |
6082.883 |
3336.602 |
|
(b) Deferred tax liabilities (Net) |
90.000 |
0.000 |
0.000 |
|
(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) |
6814.877 |
6082.883 |
3336.602 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
6000.000 |
5228.906 |
3623.407 |
|
(b) Trade payables |
1126.783 |
1029.023 |
2351.386 |
|
(c) Other current
liabilities |
4028.417 |
3752.916 |
270.008 |
|
(d) Short-term
provisions |
218.985 |
328.189 |
304.302 |
|
Total Current
Liabilities (4) |
11374.185 |
10339.034 |
6549.103 |
|
|
|
|
|
|
TOTAL |
27525.217 |
23358.698 |
15959.365 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9401.553 |
6971.210 |
5534.226 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
170.780 |
170.780 |
170.780 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2421.841 |
2222.489 |
1193.154 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
11994.174 |
9364.479 |
6898.160 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.060 |
0.060 |
0.060 |
|
(b) Inventories |
11495.370 |
8491.317 |
5906.687 |
|
(c) Trade receivables |
2370.143 |
3993.103 |
1995.739 |
|
(d) Cash and cash
equivalents |
915.614 |
924.719 |
486.576 |
|
(e) Short-term loans and
advances |
749.856 |
585.020 |
672.143 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
15531.043 |
13994.219 |
9061.205 |
|
|
|
|
|
|
TOTAL |
27525.217 |
23358.698 |
15959.365 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11794.029 |
7558.739 |
17403.773 |
|
|
|
Other Income |
41.316 |
16.483 |
32.053 |
|
|
|
TOTAL (A) |
11835.345 |
7575.222 |
17435.826 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
11351.105 |
6606.408 |
17925.761 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(861.475) |
31.857 |
(2850.192) |
|
|
|
Employees benefits expense |
160.123 |
91.312 |
217.011 |
|
|
|
Other expenses |
386.465 |
154.900 |
181.315 |
|
|
|
TOTAL (B) |
11036.218 |
6884.477 |
15473.895 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
799.127 |
690.745 |
1961.901 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
407.711 |
333.385 |
485.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
391.416 |
357.360 |
1476.811 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
158.781 |
74.850 |
242.926 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
232.635 |
282.510 |
1233.885 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(9.042) |
66.161 |
150.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
241.677 |
216.349 |
1083.885 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.42 |
4.36 |
29.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Sales) |
(%) |
2.05 |
2.86 |
6.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.78 |
9.14 |
11.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.85 |
1.22 |
7.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.04 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.36 |
1.63 |
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.35 |
1.38 |
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 |
372.064 |
372.064 |
581.420 |
|
Reserves & Surplus |
5701.596 |
6564.717 |
8754.735 |
|
Net worth |
6073.660 |
6936.781 |
9336.155 |
|
|
|
|
|
|
long-term borrowings |
3336.602 |
6082.883 |
6724.877 |
|
Short term borrowings |
3623.407 |
5228.906 |
6000.000 |
|
Total borrowings |
6960.009 |
11311.789 |
12724.877 |
|
Debt/Equity ratio |
1.146 |
1.631 |
1.363 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
17403.773 |
7558.739 |
11794.029 |
|
|
|
(56.568) |
56.032 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
17403.773 |
7558.739 |
11794.029 |
|
Profit |
1083.885 |
216.349 |
241.677 |
|
|
6.23% |
2.86% |
2.05% |
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 |
Yes |
|
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 |
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 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWINGS |
|
|
|
Unsecured Loans From Lender |
NA |
1960.027 |
|
Other Loans and Advances ( Car Loan) |
NA |
7.364 |
|
Total |
NA |
1967.391 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10485499 |
28/02/2014 |
14,292,700,000.00 |
BANK OF INDIA- LEAD BANK |
VADODARA MID CORPORATE BRANCH, BANK OF INDIA BUILDING, 2ND FLOOR, RAOPURA, VADODARA - 390001, GUJARAT, INDIA |
C00706440 |
|
2 |
10483882 |
25/04/2014 * |
300,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
C07350150 |
|
3 |
10422706 |
30/03/2013 |
2,860,000,000.00 |
BANK OF BARODA |
CORPORATE FINANCIAL SERVICES BRANCH, ALKAPURI, R C DUTT ROAD, VAODADARA - 390007, GUJARAT, INDIA |
B74030883 |
|
4 |
10417251 |
29/03/2013 |
400,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES,, DR. V.
B. GANDHI MARG, FORT, MUMBAI - 400001, |
B72453046 |
|
5 |
10412962 |
22/03/2013 |
500,000,000.00 |
STATE BANK OF MYSORE |
GROUND FLOOR, SHITI RATNA BUILDING, PANCHWATI CIRCLE,, AHMEDABAD - 380006, GUJARAT, INDIA |
B71183495 |
|
6 |
10411402 |
01/03/2013 |
1,186,000,000.00 |
BANK OF INDIA |
VADODARA MID CORPORATE BRANCH, BANK OF INDIA BUILDING, 2ND FLOOR, RAOPURA, VADODARA - 390001, GUJARAT, INDIA |
B70645213 |
|
7 |
10387327 |
28/02/2014 * |
1,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, |
B98866502 |
|
8 |
10376976 |
28/02/2014 * |
3,400,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND, |
B98867997 |
|
9 |
10404831 |
30/03/2013 * |
13,876,000,000.00 |
ICICI BANK LTD. |
ZONAL HOUSE,9TH FLOOR,JMC HOUSE,, OPP. PARIMAL GARDEN.AMBAVADI., AHMEDABAD - 380006, GUJARAT, INDIA |
B72838402 |
|
10 |
10325517 |
13/12/2011 |
4,400,000,000.00 |
AXIS BANK LIMITED |
VARDHAMAN COMPLEX,, OPP. GEB, RACE COURSE,, VADODARA - 390007, GUJARAT, INDIA |
B28745230 |
FIXED ASSETS:
- Land and Site Development
- Building
- Plant and Machinery
- Electrical Installation
- Furniture and Fixture / Equipments
- 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.62.96 |
|
|
1 |
Rs.94.97 |
|
Euro |
1 |
Rs.74.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.