MIRA INFORM REPORT
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Report No. : |
304845 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ALSTOM T AND D INDIA LIMITED |
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Formerly Known
As : |
AREVA T AND D INDIA LIMITED |
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Registered
Office : |
A-18, First Floor, Okhla Industrial Area, Phase II, New Delhi – 110020 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.03.1957 |
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Com. Reg. No.: |
55-193993 |
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Capital Investment
/ Paid-up Capital : |
Rs. 512.100 Millions |
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CIN No.: [Company Identification
No.] |
L31102DL1957PLC193993 |
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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
: |
Subject is engaged in the business of products, solutions
and services, comprising the entire range of transmission equipment up to
Extra and Ultra High Voltages (765 kV and beyond) including air-insulated
switchgear (AIS) and locally manufactured power transformers and
gas-insulated switchgear (GIS). It also provides power electronics solutions
(HVDC, FACTS) to create super highways and offers highly Advanced Power
Management Smart Grid solutions for transmission and distribution including
renewable energies integration. |
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No. of Employees
: |
3894 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
A (64) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine trade record. The rating reflects company’s health financial risk profile marked by
decent liquidity position and fair profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 – 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 |
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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 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits : (AA-) |
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Rating Explanation |
Have high degree of safety and carry very
low credit risk. |
|
Date |
May 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based limits : (A1+) |
|
Rating Explanation |
Have very strong degree of safety and carry
lowest credit risk. |
|
Date |
May 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.
INFORMATION PARTED BY
Management Non Co-Operative (Tel No.: 91-120-4790000)
LOCATIONS
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Registered Office : |
A-18, First
Floor, okhla industrial Area, Phase II, New Delhi
- 110020, India |
|
Tel. No.: |
91-11-47629100/
41610660 |
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Fax No.: |
91-11-47629129/
30/ 41610659 |
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E-Mail : |
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Website: |
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Head Office / Regional Office 1 : |
457, Anna Salai,
Teynampet, Chennai – 600018, Tamilnadu, India |
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Regional Office 1 : |
D-2 Gillander House, Netaji Subhas Road, Kolkata – 700001,
West Bengal, India |
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Regional Office 2 : |
Narottam Morarji Marg, Ballard Estate, Mumbai – 400038,
Maharashtra, India |
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Branch Office 3 / Factory 1 : |
A-7, Sector – 65,
Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-2405421/
22/ 23/ 4790000 |
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Fax No.: |
91-120-2405439/ 40/
4791140 |
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Factory 2: |
Plot No.46,
SIPCOT Industrial Works, Hosur – 635126, Tamilnadu, India |
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Factory 3 : |
Naini Works,
Mirzapur Road P. O. Naini, Allahabad – 211008, Uttar Pradesh, India |
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Tel No.: |
91-532-2697422/
424 |
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Fax No.: |
91-532-2697604 |
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Factory 4 : |
Plot No. 142, Salamangalam Village, Padappai, Sriperumbudur T.K., Kancheepuram - 601301, Tamilnadu, India |
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Factory 5 : |
19/1, GST Road,
Pallavaram, Chennai – 600043, Tamilnadu, India |
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Tel. No.: |
91-44-22368621/
8723/ 8917/ 22640033/ 37 |
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Fax No.: |
91-44-22367276/
22640040 |
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Factory 6 : |
Kotambi Village,
Vadodara – Halol Highway, Milestone No.87, Taluka Waghodia, Vadodara –
391510, Gujarat, India |
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Factory 7 : |
19/1, GST Road, Pallavaram,
Chennai - 600043, Tamilnadu, India |
DIRECTORS
As On 31.03.2014
|
Name : |
T.S. Vishwanath |
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Designation : |
Chairman (w.e.f. 04.02.2011) |
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Date of Birth/Age : |
65 Years |
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Qualification
: |
Bachelor of Commerce (Honours) from Delhi University and
a Fellow Member of The Institute of Chartered Accountants of India (ICAI). |
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Name : |
Mr. Rathindra
Nath Basu |
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Designation : |
Managing Director
|
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Address : |
C-302, |
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Date of Birth/Age : |
13.07.1954 |
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Experience : |
35 Years |
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Date of Appointment : |
01.02.2007 |
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PAN No.: |
AAFPB7016C |
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DIN No : |
01192973 |
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Name : |
Mr. Pierre Laprote |
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Designation : |
Director |
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Address : |
8, Rue De La Paroisse, Versailles, France-78000 |
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Date of Birth/Age : |
17.08.1961 |
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Qualification
: |
Masters Degree in Business Law. |
|
Date of Appointment : |
25.04.2008 |
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DIN No : |
02146282 |
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Name : |
Mr. Michel Augonnet |
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Designation : |
Director |
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Address : |
47, Rue Perronet, |
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Date of Birth/Age : |
28.09.1950 |
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Qualification
: |
Graduate in Electrical Engineering from Ecole Superieure d' Electricite (France). |
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Date of Appointment : |
09.05.2005 |
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DIN No : |
00276267 |
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Name : |
Mr. Michel Serra |
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Designation : |
Director (w.e.f. 04.02.2011) |
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Date of Birth/Age : |
56 Years |
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Qualification
: |
Graduate of the Ecole Nationale Superieure des Arts et Metiers (ENSAM). |
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Name : |
Mr. Chandan Roy |
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Designation : |
Director (w.e.f. 06.08.2011) |
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Date of Birth/Age : |
62 Years |
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Qualification
: |
Graduate in Mechanical
Engineering. |
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Name : |
Mr. Ravi Kumar
Krishnamurthy |
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Designation : |
Alternate Director (Appointed as an Alternate Director to Mr. Pierre
Laporte on 06.08.2011 and due to Mr. Laporte's presence in India at various times,
Mr. Krishnamurthy ceased to be an Alternate Director for short spells of time
and was intermittently reappointed as an alternate Director to Mr. Pierre
Laporte from time to time. |
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Date of Birth/Age : |
45 Years |
KEY EXECUTIVES
|
Name : |
Mr. Manoj Prasad Singh |
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Designation : |
Company Secretary |
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Audit Committee |
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Name : |
· T.S. Vishwanath, Chairman · Mr. Pierre Joseph Jean Marie Laprote · Mr. Chandan Roy |
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Share Transfer and
Shareholders / Investors Grievance Committee |
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Name : |
T.S. Vishwanath, Chairman Mr. Rathindra
Nath Basu Mr. Chandan Roy |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2014
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
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|
175492524 |
68.54 |
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|
175492524 |
68.54 |
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|
16542372 |
6.46 |
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|
16542372 |
6.46 |
|
Total
shareholding of Promoter and Promoter Group (A) |
192034896 |
75.00 |
|
(B) Public
Shareholding |
||
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|
|
|
|
|
22472313 |
8.78 |
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|
71027 |
0.03 |
|
|
605 |
0.00 |
|
|
2091476 |
0.82 |
|
|
13679235 |
5.34 |
|
|
3518503 |
1.37 |
|
|
41833159 |
16.34 |
|
|
|
|
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|
3142787 |
1.23 |
|
|
|
|
|
|
17236017 |
6.73 |
|
|
343000 |
0.13 |
|
|
1456676 |
0.57 |
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|
483014 |
0.19 |
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|
605 |
0.00 |
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|
497633 |
0.19 |
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|
475424 |
0.19 |
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|
22178480 |
8.66 |
|
Total Public
shareholding (B) |
64011639 |
25.00 |
|
Total (A)+(B) |
256046535 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
256046535 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of products, solutions
and services, comprising the entire range of transmission equipment up to
Extra and Ultra High Voltages (765 kV and beyond) including air-insulated
switchgear (AIS) and locally manufactured power transformers and
gas-insulated switchgear (GIS). It also provides power electronics solutions
(HVDC, FACTS) to create super highways and offers highly Advanced Power
Management Smart Grid solutions for transmission and distribution including
renewable energies integration. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
3894 (Approximately) |
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Bankers : |
·
Axis Bank Limited ·
Citibank N.A. ·
Credit Agricole CIB ·
HDFC Bank Limited ·
HSBC Bank ·
ICICI Bank Limited ·
IDBI Bank Limited ·
Standard Chartered Bank
|
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Auditors : |
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Name : |
M/s. S. N. Dhawan and Company Chartered Accountants |
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Cost Auditors : |
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Name : |
M/s. Shome and Banerjee Cost Accountants |
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Ultimate
Holding Company : |
ALSTOM SA, France |
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Holding
Company : |
ALSTOM Holdings, France |
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Intermediate
Holding Companies : |
· ALSTOM Grid Holding BV, Netherlands (formerly ALSTOM Grid Finance BV, Netherlands) |
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Immediate
Holding Company : |
· Grid Equipments Limited, India |
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Fellow
Subsidiaries : |
* Upto February 15, 2013. |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
627,500,000 |
Equity Shares |
Rs. 2/- each |
Rs. 1255.000 Millions |
|
|
|
|
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Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
256,049,135 |
Equity Shares |
Rs. 2/- each |
Rs. 512.100
Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
256,046,535 |
Equity Shares |
Rs. 2/- each |
Rs. 512.100 Millions |
a. Reconciliation of number of shares
|
Equity Shares |
31.03.2014 |
|
|
|
Number of shares |
Rs. in Millions |
|
Balance at the beginning of the year |
239,104,035 |
478.200 |
|
Add: Shares issued |
16,942,500 |
33.900 |
|
Less: Shares bought back |
-- |
-- |
|
Balance at the end of the year |
256,046,535 |
512.100 |
b. Rights, preferences
and restrictions attached to equity shares:
The Company has
one class of equity shares having a par value of Rs. 2/- per share. Each equity
share holder is eligible for one vote per share held. The Company declares and
pays dividends in Indian rupees. The dividend proposed by the Board of
Directors is subject to the approval of the shareholders in the ensuing Annual
General Meeting.
In the event of
liquidation of Company, the holders of equity shares will be entitled to
receive remaining assets of the Company, after distribution of all preferential
amounts. The distribution will be in proportion to the number of equity shares
held by the shareholders.
c. Number of equity shares held by holding Company and subsidiary of
holding Company
|
Equity Shares |
31.03.2014 |
31.03.2013 |
|
Grid Equipments Limited (Immediate Holding Company, w.e.f. February 1,
2012) |
175,492,524 |
175,492,524 |
|
ALSTOM Holdings, France (Intermediate Holding Company) |
16,542,372 |
16,542,372 |
|
|
|
|
|
Total |
192,034,896 |
192,034,896 |
d. Details of shareholders holding more than 5 percent shares in the
Company
|
Equity Shares |
31.03.2014 |
|
|
|
Number of shares |
Rs. in Millions |
|
Grid Equipments Limited |
175,492,524 |
68.500 |
|
ALSTOM Holdings, France |
16,542,372 |
6.500 |
|
Reliance Capital Trust Company Limited A/c through its various schemes
|
18,172,551 |
7.100 |
|
|
|
|
|
Total |
210,207,447 |
82.100 |
e. Pursuant to the 'Open
Offer’ made by Alstom Holdings, France (Acquirer) in terms of Securities and
Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 which was completed in
February 2013, the Acquirer/ Promoter
Group shareholding increased from 73.40% to 80.31% as a result of their
acquisition of 16,542,372 equity shares. Consequently, the public shareholding
reduced to 19.69%.During the current year, in order to comply with the
Securities Contracts (Regulation) Rules, 1957 and clause 40A of the Equity
Listing Agreement with Stock Exchanges, which requires the Company to maintain
a minimum public shareholding of 25%, the Company issued and allotted
16,942,500 equity shares of face value of Rs.2 each at an Issue Price of Rs.165
per equity share (including a premium of Rs.163 per equity share) by way of an
Institutional Placement Programme (IPP) to Qualified Institutional Buyers in
terms of Chapter VIII-A of Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2009. Upon issue and
allotment of the above mentioned equity shares,
(i) The promoter’s shareholding in the Company got reduced from 80.314%
as hitherto to 74.999998% and public shareholding increased from 19.686% to
25.000002%.
(ii) The Company’s paid up share capital and securities premium account
stood at Rs.512.100 million and Rs.2, 761.600 million, respectively.
f. The original
equity shares of Rs. 10/- each of the Company were sub-divided into five shares
of Rs. 2/- each with effect from October 31, 2008.
g. Prior to
sub-division of shares:
i. 15,750,000
equity shares of Rs.10/- each were allotted as fully paid bonus shares by
capitalisation of General Reserve, Securities Premium Account and Surplus in
Statement of Profit and Loss.
ii. 19,871,327
equity shares of Rs.10/- each were issued and allotted as fully paid up shares
pursuant to the scheme of amalgamation with The General Electric Company of
India Limited in 1992-93 (11,520,000 shares), GEC Power Engineering Services of
India Limited (PESIL) in 1993-94 (330,000 shares), ALSTOM T&D Distribution
Transformers Limited in 2000-01 (87,992 shares) and with AREVA T&D Systems
India Limited, AREVA T&D Instrument Transformers India Private Limited and
AREVA T&D Lightning Arresters Private Limited in 2007 (7,933,335 shares)
without payment being received in cash.
iii. During
1994-95, the Company offered 9,950,000 equity shares of Rs.10/- each to the
existing shareholders in the ratio of 1 share for every 3 shares held at a
premium of Rs. 40/- per share as per letter of offer dated May 10, 1994. The
shares, barring 1,034 shares, which were kept in abeyance for technical
reasons, were allotted at the meeting of Committee of Directors held on July
28, 1994. Of the 1,034 shares of Rs.10/- each, kept in abeyance, 514 shares of
Rs.10/- each, were allotted up to 2001-02.
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 |
512.100 |
478.200 |
478.210 |
|
(b) Reserves & Surplus |
11975.500 |
8623.600 |
8286.090 |
|
(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) |
12487.600 |
9101.800 |
8764.300 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
660.500 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
40.300 |
123.400 |
149.700 |
|
(c) Other long term
liabilities |
0.000 |
1.500 |
8.250 |
|
(d) long-term
provisions |
382.300 |
326.500 |
152.890 |
|
Total Non-current
Liabilities (3) |
422.600 |
1111.900 |
310.840 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4151.600 |
3516.100 |
5935.010 |
|
(b) Trade
payables |
19772.800 |
18154.300 |
15568.120 |
|
(c) Other current
liabilities |
8473.600 |
8239.400 |
5924.710 |
|
(d) Short-term
provisions |
1688.200 |
1330.100 |
960.760 |
|
Total Current
Liabilities (4) |
34086.200 |
31239.900 |
28388.600 |
|
|
|
|
|
|
TOTAL |
46996.400 |
41453.600 |
37463.740 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6394.100 |
6197.600 |
6487.250 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1100.700 |
535.400 |
182.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.040 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
206.500 |
228.200 |
105.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
7701.400 |
6961.300 |
6774.290 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6829.800 |
6941.800 |
5553.530 |
|
(c) Trade
receivables |
22960.800 |
17146.400 |
18023.040 |
|
(d) Cash
and cash equivalents |
364.400 |
781.200 |
331.050 |
|
(e)
Short-term loans and advances |
3421.100 |
3566.200 |
2906.620 |
|
(f) Other
current assets |
5718.900 |
6056.700 |
3875.210 |
|
Total
Current Assets |
39295.000 |
34492.300 |
30689.450 |
|
|
|
|
|
|
TOTAL |
46996.400 |
41453.600 |
37463.740 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
35235.400 |
31518.700 |
41390.700 |
|
|
|
Other Income |
435.100 |
168.500 |
153.180 |
|
|
|
TOTAL |
35670.500 |
31687.200 |
41543.880 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
23858.600 |
22288.600 |
29672.3800 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
77.700 |
(1336.000) |
(847.150) |
|
|
|
Employees benefits expense |
3433.800 |
3245.900 |
3636.170 |
|
|
|
Other expenses |
4868.100 |
4844.800 |
4747.060 |
|
|
|
Exceptional items |
0.000 |
(170.200) |
(145.020) |
|
|
|
TOTAL
(B) |
32238.200 |
28873.100 |
37063.440 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3432.300 |
2814.100 |
4480.440 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
787.700 |
774.600 |
655.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2644.600 |
3389.950 |
3752.234 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
870.200 |
813.300 |
1014.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1774.400 |
1226.200 |
2375.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
604.200 |
385.100 |
751.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1170.200 |
841.100 |
1624.050 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7908.400 |
7655.900 |
6697.060 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
118.000 |
85.000 |
165.000 |
|
|
|
Dividend |
460.900 |
430.400 |
430.390 |
|
|
|
Tax on Dividend |
75.000 |
73.200 |
69.820 |
|
|
|
TOTAL |
653.900 |
588.600 |
665.210 |
|
|
BALANCE CARRIED
TO THE B/S |
8427.700 |
7908.400 |
7655.900 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
4575.600 |
4578.300 |
3479.190 |
|
|
|
Service Income |
309.600 |
212.800 |
168.060 |
|
|
TOTAL EARNINGS |
4885.200 |
4791.100 |
3647.250 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials and components |
5363.800 |
3663.900 |
5469.770 |
|
|
|
Capital Goods |
712.700 |
222.400 |
203.700 |
|
|
|
Stores and spare parts |
0.000 |
0.000 |
399.040 |
|
|
TOTAL IMPORTS |
6076.500 |
3886.300 |
6072.510 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.78 |
3.52 |
6.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
3.32
|
2.66 |
3.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.74
|
8.92 |
10.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.87 |
3.00 |
6.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.13 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.33 |
0.45 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.10 |
1.08 |
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 |
478.210 |
478.200 |
512.100 |
|
Reserves & Surplus |
8286.090 |
8623.600 |
11975.500 |
|
Net worth |
8764.300 |
9101.800 |
12487.600 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
660.500 |
0.000 |
|
Short term borrowings |
5935.010 |
3516.100 |
4151.600 |
|
Total borrowings |
5935.010 |
4176.600 |
4151.600 |
|
Debt/Equity ratio |
0.677 |
0.459 |
0.332 |
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 |
41390.700 |
31518.700 |
35235.400 |
|
|
|
(23.851) |
11.792 |
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 |
41390.700 |
31518.700 |
35235.400 |
|
Profit |
1624.050 |
841.100 |
1170.200 |
|
|
3.92% |
2.67% |
3.32% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
(Yes / No) |
|
2] |
Locality
of the firm |
(Yes / No) |
|
3] |
Constitutions
of the firm |
(Yes / No) |
|
4] |
Premises
details |
(Yes / No) |
|
5] |
Type
of Business |
(Yes / No) |
|
6] |
Line
of Business |
(Yes / No) |
|
7] |
Promoter's
background |
---------------------- |
|
8] |
No.
of employees |
(Yes / No) |
|
9] |
Name
of person contacted |
(Yes / No) |
|
10] |
Designation
of contact person |
(Yes / No) |
|
11] |
Turnover
of firm for last three years |
(Yes / No) |
|
12] |
Profitability
for last three years |
(Yes / No) |
|
13] |
Reasons
for variation <> 20% |
(Yes / No) |
|
14] |
Estimation
for coming financial year |
(Yes / No) |
|
15] |
Capital
in the business |
(Yes / No) |
|
16] |
Details
of sister concerns |
(Yes / No) |
|
17] |
Major
suppliers |
(Yes / No) |
|
18] |
Major
customers |
(Yes / No) |
|
19] |
Payments
terms |
(Yes / No) |
|
20] |
Export
/ Import details (if applicable) |
(Yes / No) |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
(Yes / No) |
|
24] |
Banking
facility details |
(Yes / No) |
|
25] |
Conduct
of the banking account |
---------------------- |
|
26] |
Buyer
visit details |
(Yes / No) |
|
27] |
Financials,
if provided |
(Yes / No) |
|
28] |
Incorporation
details, if applicable |
---------------------- |
|
29] |
Last
accounts filed at ROC |
---------------------- |
|
30] |
Major
Shareholders, if available |
---------------------- |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
(Yes / No) |
|
32] |
PAN
of Proprietor/Partner/Director, if available |
(Yes / No) |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
(Yes / No) |
|
34] |
External
Agency Rating, if available |
(Yes / No) |
INDEX OF CHARGES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
Total |
|
|
FIXED ASSETS
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. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Information
Gathered by : |
|
|
|
|
|
Analysis Done by
: |
|
|
|
|
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
|
|
PAID-UP CAPITAL |
1~10 |
|
|
OPERATING SCALE |
1~10 |
|
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
|
|
--PROFITABILITY |
1~10 |
|
|
--LIQUIDITY |
1~10 |
|
|
--LEVERAGE |
1~10 |
|
|
--RESERVES |
1~10 |
|
|
--CREDIT LINES |
1~10 |
|
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
|
|
--LITIGATION |
YES/NO |
|
|
--OTHER ADVERSE INFORMATION |
YES/NO |
|
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
|
|
--EXPORT ACTIVITIES |
YES/NO |
|
|
--AFFILIATION |
YES/NO |
|
|
--LISTED |
YES/NO |
|
|
--OTHER MERIT FACTORS |
YES/NO |
|
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
|
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.