MIRA INFORM REPORT
|
Report No. : |
304612 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
RISA INTERNATIONAL LIMITED (w.e.f.
28.06.2011) |
|
|
|
|
Formerly Known
As : |
GOVINDJI TRIKAMDAS EXPORTS LIMITED |
|
|
|
|
Registered
Office : |
604, Kushal Point, 4th
Road, Behind Uday Cinema, Ghatkopar (West), Mumbai – 400 086, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.03.1993 |
|
|
|
|
Com. Reg. No.: |
11-071062 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.319.001
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1993PLC071062 |
|
|
|
|
TIN No.: |
Not Available |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
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. |
|
|
|
|
Line of Business
: |
Trading in Fabrics and Real Estate. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track record. Reserves of the
company is low. However, performance of the company has improved as it has
performed well and recovered its accumulated losses. Trade relations
are fair. Business is active. Payment terms are slow but correct. The company can
be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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. Rajesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-65617271 |
|
Date : |
21.01.2015 |
LOCATIONS
|
Registered Office : |
604, Kushal Point, 4th
Road, Behind Uday Cinema, Ghatkopar (West), Mumbai – 400 086, Maharashtra,
India |
|
Tel. No.: |
91-22-65617271 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
605,
Sukh Sagar , N.S. Patkar Marg , Mumbai – 400 007, Maharashtra, India |
|
Tel. No.: |
91-22-23640435/ 5121/ 23696001 |
|
Fax No.: |
91-22-23631684 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr.
Abhinandan Jain |
|
Designation : |
Whole
Time Director |
|
|
|
|
Name : |
Mr.
Arihant Jain |
|
Designation : |
Executive
Director and Compliance Officer |
|
Date of Birth/ Age : |
20.09.1981 |
|
Qualification : |
B.
Com |
|
Expertise : |
Business
Administration |
|
|
|
|
Name : |
Mr.
Vipin Champawat |
|
Designation : |
Independent
Director |
|
|
|
|
Name : |
Mr.
Shital Mutha |
|
Designation : |
Independent
Director |
|
Date of Birth/ Age : |
06.07.1978 |
|
Qualification : |
Chartered
Accountant |
|
Expertise : |
Taxation,
Capital Markets etc. |
KEY EXECUTIVES
|
Name : |
Mr. Amarendra Mohapatra |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Rajesh |
|
Designation : |
Accountant |
SHAREHOLDING PATTERN
As on 30.09.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
29400 |
0.09 |
|
|
4135063 |
12.96 |
|
|
0 |
0.00 |
|
|
4164463 |
13.05 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
4164463 |
13.05 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
770 |
0.00 |
|
|
770 |
0.00 |
|
|
|
|
|
|
2928503 |
9.18 |
|
|
|
|
|
|
322552 |
1.01 |
|
|
23205077 |
72.74 |
|
|
1278685 |
4.01 |
|
|
7372 |
0.02 |
|
|
1185767 |
3.72 |
|
|
85546 |
0.27 |
|
|
27734817 |
86.94 |
|
Total Public shareholding (B) |
27735587 |
86.95 |
|
Total (A)+(B) |
31900050 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
31900050 |
100.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Name of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Kotsin Ore Private Limited |
4164163 |
13.05 |
|
Abhinandan Jain |
29400 |
0.09 |
|
Total |
4193563 |
13.15 |
The term encumbrance has the same meaning as assigned to it in
regulation 28(3) of the SAST Regulations, 2011.
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Name of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Manish Gyanchand Mehta |
3393354 |
10.64 |
|
Gyanchand Surajmal Mehta |
1000000 |
3.13 |
|
Shradha Manish Mehta |
1000000 |
3.13 |
|
Hasmukhbhai Manilal Shah |
861245 |
2.70 |
|
Priteshkumar H Shah |
782020 |
2.45 |
|
Rajesh Kanjibhai Patel |
530975 |
1.66 |
|
Karan Sanjay Shah |
512046 |
1.61 |
|
Suraj Ramesh Parmar |
500000 |
1.57 |
|
Fulwanti Ramesh Parmar |
500000 |
1.57 |
|
Guiness Securities Ltd |
449073 |
1.41 |
|
Ramesh Amratlal Brahmbhatt |
435250 |
1.36 |
|
Kiran Darak |
419500 |
1.32 |
|
Chetan Gangadhar Suvarna |
417487 |
1.31 |
|
Nitin P Patil |
416007 |
1.30 |
|
Sejal Rajesh Patel |
404914 |
1.27 |
|
Vinod Kumar Darak |
401500 |
1.26 |
|
Pradip B Chopra HUF |
400000 |
1.25 |
|
Animesh Kanjibhai Patel |
384494 |
1.21 |
|
Nitin Amratlal Brahmbhatt |
382500 |
1.20 |
|
Asha Sanjay Shah |
369430 |
1.16 |
|
Popat Prafulkumar J |
366475 |
1.15 |
|
Rameshkumar Jayantilal Popat |
363200 |
1.14 |
|
Chander Shekhar Bansal |
355090 |
1.11 |
|
Ajay Bansal |
354708 |
1.11 |
|
Rajivkumar Gupta |
353206 |
1.11 |
|
Sanjeev Kasturi Arora |
349970 |
1.10 |
|
Narinder Kumar Bansal |
347091 |
1.09 |
|
Darshan Kumar Gupta |
343420 |
1.08 |
|
Total |
16392955 |
51.39 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons (together with PAC) belonging to the category “Public”
and holding more than 5% of the total number of shares of the company
|
Name of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Manish Gayanchand Mehta |
3493354 |
10.95 |
|
Total |
3493354 |
10.95 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Fabrics and Real Estate. |
|
|
|
|
Products : |
Fabricss |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|
|
|
|
Customers : |
Not Divulged |
|
|
|
|
No. of Employees : |
Information denied by management |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Motilal
and Associates Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Wholly Owned
Subsidiary : |
|
|
|
|
|
Company in which KMP/Relatives of KMP can
exercise significant influence : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33000000 |
Equity Shares |
Rs.10/- each |
Rs.330.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31900500 |
Equity Shares |
Rs.10/- each
|
Rs.319.001
Millions |
Reconciliation of the number of shares and amount
outstanding at the beginning and at the end of the reporting period:
|
Particulars |
Opening balance |
Fresh Issue |
Reduction of
share capital |
Closing balance |
|
Equity shares with voting rights |
|
|
|
|
|
-
Number of shares |
5000500 |
31400000 |
-- |
31900050 |
|
-
Amount (Rs. in millions) |
50.005 |
314.000 |
-- |
319.001 |
Details
of shares held by each shareholder holding more than 5% shares:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
|
|
|
|
Manish
Gayanchand Mehta |
3444000 |
10.80 |
|
Kotsin
Ore Private Limited |
4300000 |
13.48 |
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 |
319.001 |
319.001 |
50.005 |
|
(b) Reserves & Surplus |
6.396 |
(11.691) |
(56.966) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
284.000 |
|
Total
Shareholders’ Funds (1) + (2) |
325.397 |
307.310 |
277.039 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
8.243 |
6.104 |
3.055 |
|
(b) Trade
payables |
233.463 |
98.748 |
0.162 |
|
(c) Other
current liabilities |
0.072 |
0.094 |
0.001 |
|
(d) Short-term
provisions |
26.476 |
0.330 |
0.000 |
|
Total Current
Liabilities (4) |
268.254 |
105.276 |
3.218 |
|
|
|
|
|
|
TOTAL |
593.651 |
412.586 |
280.257 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.049 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.006 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
230.500 |
305.000 |
280.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
230.555 |
305.000 |
280.000 |
|
|
|
|
|
|
Investment
In Subsidiary Company |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.546 |
77.566 |
0.000 |
|
(c) Trade
receivables |
314.243 |
31.449 |
0.000 |
|
(d) Cash
and cash equivalents |
8.420 |
3.977 |
0.257 |
|
(e)
Short-term loans and advances |
21.887 |
(5.406) |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
363.096 |
107.586 |
0.257 |
|
|
|
|
|
|
TOTAL |
593.651 |
412.586 |
280.257 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1,483.801 |
30.754 |
0.000 |
|
|
|
Other Income |
12.241 |
2.177 |
0.000 |
|
|
|
TOTAL (A) |
1,496.042 |
32.931 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
1,371.342 |
105.440 |
0.000 |
|
|
|
Changes in inventories |
59.021 |
(77.566) |
0.000 |
|
|
|
Employees benefits expense |
2.443 |
0.454 |
0.017 |
|
|
|
Other expenses |
2.071 |
3.134 |
0.497 |
|
|
|
Exceptional Items |
0.033 |
0.062 |
0.000 |
|
|
|
TOTAL (B) |
1,434.910 |
31.524 |
0.514 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
61.132 |
1.407 |
(0.514) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.268 |
0.589 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.864 |
0.818 |
(0.514) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.030 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
54.834 |
0.818 |
(0.514) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.086 |
0.548 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
36.748 |
0.270 |
(0.514) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(11.691) |
(56.966) |
(56.452) |
|
|
|
|
|
|
|
|
|
Add |
Share Capital
Reduction Account |
0.000 |
45.005 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend Expenses |
15.950 |
0.000 |
0.000 |
|
|
|
Dividend Distribution Tax |
2.711 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6.396 |
(11.691) |
(56.966) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.15 |
0.01 |
(0.10) |
|
QUARTERLY RESULTS
|
Particulars |
|
30.06.2014 (Unaudited) |
30.09.2014 (Unaudited) |
|
|
|
1st
Quarter |
2nd
Quarter |
|
Net Sales |
|
453.200 |
426.600 |
|
Total Expenditure |
|
444.400 |
409.500 |
|
PBIDT (Excl OI) |
|
8.700 |
17.100 |
|
Other Income |
|
0.000 |
0.000 |
|
Operating Profit |
|
8.700 |
17.100 |
|
Interest |
|
0.300 |
0.400 |
|
Exceptional Items |
|
0.000 |
(0.100) |
|
PBDT |
|
8.500 |
16.600 |
|
Depreciation |
|
0.000 |
0.000 |
|
Profit Before Tax |
|
8.500 |
16.500 |
|
Tax |
|
2.800 |
5.500 |
|
Provisions and contingencies |
|
0.000 |
0.000 |
|
Profit After Tax |
|
5.700 |
11.000 |
|
Extraordinary Items |
|
0.000 |
0.000 |
|
Prior Period Expenses |
|
0.000 |
0.000 |
|
Other Adjustments |
|
0.000 |
0.000 |
|
Net Profit |
|
5.700 |
11.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.48 |
0.88 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.12 |
4.58 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.24 |
0.20 |
(0.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.02 |
0.08 |
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 |
50.005 |
319.001 |
319.001 |
|
Reserves & Surplus |
(56.966) |
(11.691) |
6.396 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
284.000 |
0.000 |
0.000 |
|
Net
worth |
277.039 |
307.310 |
325.397 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3.055 |
6.104 |
8.243 |
|
Total
borrowings |
3.055 |
6.104 |
8.243 |
|
Debt/Equity
ratio |
0.011 |
0.020 |
0.025 |
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 |
0.000 |
30.754 |
1,483.801 |
|
|
|
0.00% |
4,724.741 |
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
|
0.000 |
30.754 |
1,483.801 |
|
Profit |
(0.514) |
0.270 |
36.748 |
|
|
0.00% |
0.88% |
2.48% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Millions |
31.03.2014 Rs.
In Millions |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on
demand |
|
|
|
From other parties |
8.243 |
0.000 |
|
From related parties |
0.000 |
6.104 |
|
Total |
8.243 |
6.104 |
OPERATIONS
During the financial year the company recorded a turnover of Rs.1483.800 Millions resulting in net profit of Rs.36.800 Millions after tax as compared to Rs.30.800 Millions turnover in preceding financial year and net profit of Rs.0.270 Million, after tax overall performance of the company was quite notable as compared with the figure of preceding financial year.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2014
(Rs. In Millions)
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Half Year Ended ( Unaudited) |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
|
|
|
|
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
416.616 |
453.171 |
869.787 |
|
b) Real Estate |
10.000 |
0.000 |
10.000 |
|
b) Other operating income |
0.000 |
0.000 |
0.000 |
|
Total
income from Operations(net) |
426.616 |
453.171 |
879.787 |
|
2.Expenditure |
|
|
|
|
a) Cost of material consumed |
399.057 |
433.499 |
832.557 |
|
b) Purchases of stock in trade |
8.372 |
8.210 |
16.582 |
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
0.976 |
0.864 |
1.840 |
|
d) Employees benefit expenses |
0.015 |
0.005 |
0.020 |
|
e) Depreciation and amortization expenses |
0.803 |
0.720 |
1.522 |
|
f) Other expenditure |
0.332 |
1.152 |
1.483 |
|
Total expenses |
409.555 |
444.450 |
854.004 |
|
3. Profit from operations before other income and
financial costs |
17.061 |
8.721 |
25.783 |
|
4. Other income |
0.010 |
0.010 |
0.019 |
|
5. Profit from ordinary activities before finance costs |
17.071 |
8.731 |
25.802 |
|
6. Finance costs |
0.410 |
0.248 |
0.659 |
|
7. Net profit/(loss) from ordinary activities
after finance costs but before exceptional items |
16.661 |
8.483 |
25.143 |
|
8. Exceptional item |
0.139 |
0.000 |
0.139 |
|
9. Profit from ordinary activities before tax
Expense: |
16.522 |
8.483 |
25.004 |
|
10.Tax expenses |
5.505 |
2.756 |
8.261 |
|
11.Net
Profit / (Loss) from ordinary activities after tax (9-10) |
11.017 |
5.727 |
16.743 |
|
12.Extraordinary Items (net of tax expense) |
0.000 |
0.000 |
0.000 |
|
13.Net Profit / (Loss) for the period (11 -12) |
11.017 |
5.727 |
16.743 |
|
14.Paid-up equity share capital (Nominal value Rs.10/- per share) |
319.001 |
319.001 |
319.001 |
|
15. Reserve excluding Revaluation
Reserves as per balance sheet of previous accounting year |
|
|
|
|
16.i) Earnings per share (before extraordinary
items) of Rs.10/- each) (not annualised): |
|
|
|
|
(a) Basic |
0.35 |
0.18 |
0.52 |
|
(b) Diluted |
0.35 |
0.18 |
0.52 |
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Half Year Ended ( Unaudited) |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
27735587 |
27589931 |
27735587 |
|
- Percentage of shareholding |
86.95% |
86.49% |
86.95% |
|
2. Promoters and Promoters group Shareholding- |
10.00 |
10.00 |
10.00 |
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
- |
- |
- |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
- |
- |
- |
|
Percentage of shares (as a % of total share capital of the
company) |
- |
- |
- |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
4164463 |
4310119 |
4164463 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
100.00% |
100.00% |
100.00% |
|
Percentage of shares (as a % of total share capital of the
company) |
13.05% |
13.51% |
13.05% |
|
|
|
|
|
|
B.
Investor Complaints |
|
|
|
|
Pending at the beginning of the quarter |
|
1 |
|
|
Receiving during the quarter |
|
2 |
|
|
Disposed of during the quarter |
|
2 |
|
|
Remaining unreserved at the end of the quarter |
|
1 |
|
UNAUDITED SEGMENT WIE
REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. In
Millions)
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Half Year Ended ( Unaudited) |
|
|
30.09.2014 |
30.06.2014 |
30.09.2014 |
|
1. Segment Revenue |
|
|
|
|
a. Trading in Fabrics |
416.616 |
453.171 |
869.787 |
|
b. Real Estate |
10.000 |
0.000 |
10.000 |
|
c. Others |
0.000 |
0.000 |
0.000 |
|
Total |
426.616 |
453.171 |
879.787 |
|
d. Other Un-allocable Revenue |
0.000 |
0.000 |
0.000 |
|
Net Sales |
426.616 |
453.171 |
879.787 |
|
|
|
|
|
|
2. Segment Result (Profit before
Interest and Tax) |
|
|
|
|
a. Trading in Fabrics |
17.071 |
8.731 |
25.802 |
|
b. Real Estate |
0.000 |
0.000 |
0.000 |
|
c. Others |
0.000 |
0.000 |
0.000 |
|
Total |
17.071 |
8.731 |
25.802 |
|
Less : (i) Interest |
0.410 |
0.248 |
0.659 |
|
Profit before Tax |
16.661 |
8.483 |
25.143 |
|
|
|
|
|
|
3. Capital Employed |
|
|
|
|
a. Trading in Fabrics |
194.830 |
104.313 |
194.829 |
|
b. Real Estate |
139.650 |
219.150 |
139.650 |
|
c. Others |
7.660 |
7.660 |
7.660 |
|
Total |
342.140 |
331.123 |
342.139 |
STATEMENT OF
ASSETS AND LIABILITIES
|
SOURCES OF FUNDS |
|
|
30.09.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
319.001 |
|
(b) Reserves & Surplus |
|
|
23.139 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
342.140 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.006 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current Liabilities
(3) |
|
|
0.006 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
9.996 |
|
(b) Trade
payables |
|
|
565.803 |
|
(c) Other
current liabilities |
|
|
0.866 |
|
(d) Short-term
provisions |
|
|
34.726 |
|
Total Current
Liabilities (4) |
|
|
611.391 |
|
|
|
|
|
|
TOTAL |
|
|
953.537 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
0.147 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
139.650 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
139.797 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
1.964 |
|
(c) Trade
receivables |
|
|
762.759 |
|
(d) Cash
and cash equivalents |
|
|
0.861 |
|
(e)
Short-term loans and advances |
|
|
48.156 |
|
(f) Other
current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
813.740 |
|
|
|
|
|
|
TOTAL |
|
|
953.537 |
NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
33 |
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.