MIRA INFORM REPORT
|
Report No. : |
304842 |
|
Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT RAFFIA INDUSTRIES LIMITED |
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|
|
|
Registered
Office : |
Plot No. 455, Santej – Vadsar Road, Gandhinagar – 382721, Gujarat |
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Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
30.07.1984 |
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|
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|
Com. Reg. No.: |
04-007124 |
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Capital
Investment / Paid-up Capital : |
Rs. 49.948 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L17110GJ1984PLC007124 |
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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
: |
Manufacturing of PE, Tarpaulin, HDPE/PP Woven Sacks and Fabrics. |
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No. of Employees
: |
Information declined by the 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 |
|
Maximum Credit Limit : |
USD 300000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company seems
to have moderate networth and modest scale of operation. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 = BB- |
|
Rating Explanation |
Moderate risk of default regarding timely servicing of financial
obligations |
|
Date |
October 28, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
October 28, 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 DENIED BY
|
Name : |
Mr. Amit |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9099951261 |
|
Date : |
23.01.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 455, Santej – Vadsar Road, Gandhinagar – 382721, Gujarat,
India |
|
Tel. No.: |
91-2764-286672/32/321312/286673/286674 |
|
Fax No.: |
91-2764-286652 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Pradeep Bhutoria |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. Alpesh R Tripathi |
|
Designation : |
Director |
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|
|
|
Name : |
Mr. Dipen M Shah |
|
Designation : |
Director |
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|
|
|
Name : |
Mrs. Sushma P. Bhutoria |
|
Designation : |
Whole Time Director |
SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Category of Shareholder |
No.
of Shares |
%
of Holdings |
|
(A) Shareholding of Promoter and Promoter
Group |
||
|
|
|
|
|
|
1150622 |
23.04 |
|
|
541814 |
10.85 |
|
|
1692436 |
33.88 |
|
|
|
|
|
Total shareholding of Promoter and
Promoter Group (A) |
1692436 |
33.88 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
|
|
|
|
50370 |
1.01 |
|
|
|
|
|
|
73000 |
1.46 |
|
|
3148490 |
63.04 |
|
|
30479 |
0.61 |
|
|
30479 |
0.61 |
|
|
3302339 |
66.12 |
|
Total Public
shareholding (B) |
3302339 |
66.12 |
|
Total (A)+(B) |
4994775 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
4994775 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of PE, Tarpaulin, HDPE/PP Woven Sacks and Fabrics. |
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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 Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Union Bank of India |
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Facilities : |
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Auditors : |
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Name : |
P G T and Associates Chartered Accountant |
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Address : |
Ahmedabad, Gujarat, India |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises significantly influenced by Directors and/or their
relatives : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11000000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4994775 |
Equity Shares |
Rs. 10/-
each |
Rs. 49.948
Millions |
|
|
|
|
|
A) The reconciliation of the number of shares outstanding is as under:
|
Particulars |
No. of Equity
Shares |
|
Number of shares at the beginning |
4994775 |
|
Add: Bonus shares issued during the
period/shares issued during the period |
0 |
|
Less: Shares bought back/redeemed during the
period |
0 |
|
Number of shares at the end |
4994775 |
B) Terms/rights attached to equity shares:
The company has only one class of equity shares having par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share the company declares and pays dividends in Indian rupees. The Dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting, except in case of Interim dividend. The equity shares rank parri passu and carry equal rights with respect to voting and dividend. In the event of liquidation of the Company, the equity shareholders shall be entitled to proportionate share of their holding in the assets remained after distribution of all preferential amounts.
C) Details of Share Holders holding more than 5% of Equity Shares of Rs.
10/- each, fully paid:
|
NAME OF SHAREHOLDERS |
AS ON 31.03.2014 |
|
|
|
NO. OF SHARES |
% OF HOLDING |
|
Pradeep Bhutoria |
546374 |
10.94 |
|
Ratanlal Bhutoria - HUF |
280261 |
5.61 |
|
Bengal Business Limited |
300579 |
6.02 |
As per of the company, including its register of shareholers /members and declaration received from the shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
D) The Equity Share Capital of the Company had been reduced from 10,21,87,000 comprising of 1,02,18,700 shares of Rs.10/- per share fully 99,89,550 equity shares of Rs.5/- each fully paid up. The reduction in capital had been approved under section 100 of the Companies Act 1956 by the High Court Of Gujarat vide its order dated September 21,2007. The company then converted its reduced face value of shares from Rs 5 each to Rs 10 each vide special resolution passed in Extra-ordinary General Meeting dated October 15, 2007.
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 |
49.948 |
49.948 |
49.948 |
|
(b) Reserves & Surplus |
57.386 |
49.726 |
43.924 |
|
(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) |
107.334 |
99.674 |
93.872 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
100.922 |
80.957 |
42.012 |
|
(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 |
0.915 |
0.772 |
0.638 |
|
Total Non-current
Liabilities (3) |
101.837 |
81.729 |
42.650 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
84.382 |
51.649 |
16.953 |
|
(b) Trade
payables |
13.673 |
26.043 |
3.497 |
|
(c) Other current
liabilities |
65.571 |
18.797 |
30.242 |
|
(d) Short-term
provisions |
0.307 |
0.541 |
0.443 |
|
Total Current
Liabilities (4) |
163.933 |
97.030 |
51.135 |
|
|
|
|
|
|
TOTAL |
373.104 |
278.433 |
187.657 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
165.179 |
26.380 |
32.854 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
47.068 |
8.101 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.501 |
0.501 |
0.501 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
165.680 |
73.949 |
41.456 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
99.524 |
113.290 |
104.893 |
|
(c) Trade
receivables |
89.094 |
63.152 |
29.798 |
|
(d) Cash
and cash equivalents |
8.863 |
8.909 |
0.585 |
|
(e)
Short-term loans and advances |
9.943 |
19.133 |
10.925 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
207.424 |
204.484 |
146.201 |
|
|
|
|
|
|
TOTAL |
373.104 |
278.433 |
187.657 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
364.964 |
277.188 |
274.524 |
|
|
|
Other Income |
3.067 |
0.450 |
2.472 |
|
|
|
TOTAL (A) |
368.031 |
277.638 |
276.996 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
291.743 |
202.602 |
223.689 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(20.002) |
(1.396) |
(17.230) |
|
|
|
Employees benefits expense |
10.839 |
10.410 |
7.957 |
|
|
|
Other expenses |
51.883 |
48.212 |
47.696 |
|
|
|
TOTAL (B) |
334.463 |
259.828 |
262.112 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
33.568 |
17.810 |
14.884 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.833 |
4.047 |
2.546 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.735 |
13.763 |
12.338 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.210 |
6.535 |
5.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
9.525 |
7.228 |
7.044 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.865 |
1.425 |
1.350 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
7.660 |
5.803 |
5.694 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
96.734 |
77.758 |
107.492 |
|
|
TOTAL EARNINGS |
96.734 |
77.758 |
107.492 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.53 |
1.16 |
1.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
2.09
|
2.09 |
2.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.20
|
6.43 |
5.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.56 |
3.13 |
3.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.07 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.73 |
1.33 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
2.11 |
2.86 |
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 |
49.948 |
49.948 |
49.948 |
|
Reserves & Surplus |
43.924 |
49.726 |
57.386 |
|
Net
worth |
93.872 |
99.674 |
107.334 |
|
|
|
|
|
|
long-term borrowings |
42.012 |
80.957 |
100.922 |
|
Short term borrowings |
16.953 |
51.649 |
84.382 |
|
Total
borrowings |
58.965 |
132.606 |
185.304 |
|
Debt/Equity
ratio |
0.628 |
1.330 |
1.726 |
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 |
274.524 |
277.188 |
364.964 |
|
|
|
0.970 |
31.667 |
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 |
274.524 |
277.188 |
364.964 |
|
Profit |
5.694 |
5.803 |
7.660 |
|
|
2.07% |
2.09% |
2.10% |
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 |
No |
|
8] |
No.
of employees |
No |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover
of firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
------- |
|
22] |
Litigations
that the firm / promoter involved in |
-------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct
of the banking account |
-------- |
|
26] |
Buyer
visit details |
-------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last
accounts filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10364709 |
12/07/2012 * |
162,500,000.00 |
UNION BANK OF INDIA |
Premchand Nagar
Branch,17/20, Millennium Plaza, Opp. Swminarayan Temple,Premchandnagar,
Ahmedabad, INDIA |
B43597152 |
|
2 |
90097486 |
29/05/1991 |
600,000.00 |
STATE BANK OF BARODA |
KADI, mehsana, Gujarat, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Inter corporate deposits |
53.054 |
51.968 |
|
Form Directors |
6.170 |
0.000 |
|
Total |
59.224 |
51.968 |
REVIEW OF OPERATIONS:
The year, in spite of economic slowdown the company has recorded a total sales of Rs.395.395 Millions as compared to Rs.300.017 Millions and earned other income of Rs.3.066 Millions (12 months) as compared to Rs.0.450 Million for 12 months ended 31-03-2013. The Profit before tax for the period is Rs. 9.524 Millions as compared to Rs.7.227 Millions (12 months) in the previous which is gone up by 31.77% due to sales increase. The Profit after tax during the year is Rs.7.659 Millions as against Rs.5.802 Millions (12 months) in the previous year 2012-13.
MANAGEMENT DISCUSSION
AND ANALYSIS
INDUSTRY STRUCTURE
AND DEVELOPMENTS:
The Industry is dependent on performance of core sectors like agriculture, fertilizer, cement and exports. Total retail sales in India are projected to grow from Rs. 18610.12 billion in 2011 to Rs. 36,900.64 billion by 2015 according to the Business Monitor International (BMI) India Retail Report for the second-quarter of 2011. Strong underlying economic growth, population expansion, increasing wealth of individual and rapid construction of organized retail infrastructure are key factors behind the growth forecast. The policy changes in infrastructure will lead towards the brighter future of the company.
RECENT TREND AND
FUTURE OUTLOOK:
In spite of economic slowdown, the company is quite positive of better results as the Company has sizable 0020 presence in fertilizer sector. The opening up of food grains sector will enable the woven sacks industry to see better times again. We had done expansion work of our plant it is completed at the end of this year so, our production capacity also increased. We are expecting growth in Domestic market for Tarpaulin also.
FIXED ASSETS
- Freehold Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixtures
- Vehicles
- Office
Equipments
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2012
Rs. in Million
|
Sr. No. |
Particular |
Quarter Ended |
Half Year Ended |
|
|
|
|
30.09.2014 (Unaudited) |
30.06.2014 (Unaudited) |
30.09.2014 (Unaudited) |
|
|
|
|
|
|
|
1. |
Net Sales/Income from Operations |
100.679 |
112.521 |
213.200 |
|
|
Other Operating Income |
0.120 |
-- |
0.120 |
|
|
Total Income From Operations (Net) |
100.799 |
112.521 |
213.320 |
|
|
|
|
|
|
|
2. |
Expenditure |
|
|
|
|
|
Increase/
Decrease in stock in trade and work in progress |
7.128 |
18.843 |
25.971 |
|
|
Consumption
of raw material |
0.043 |
0.156 |
0.199 |
|
|
Purchase
of traded goods |
-- |
-- |
-- |
|
|
Employees
cost |
2.558 |
2.826 |
5.384 |
|
|
Depreciation
|
4.814 |
4.786 |
9.600 |
|
|
Other
expenditure |
13.032 |
9.756 |
22.788 |
|
|
Total Expenses |
96.066 |
105.859 |
201.926 |
|
|
|
|
|
|
|
3. |
Profit
From Operations before Other Income, Interest and Exceptional Items (1-2) |
4.733 |
6.662 |
11.396 |
|
|
|
|
|
|
|
4. |
Other
Income |
0.043 |
0.156 |
0.199 |
|
|
|
|
|
|
|
5. |
Profit
Before Interest and Exceptional Items (3+4) |
4.776 |
6.818 |
11.594 |
|
|
|
|
|
|
|
6. |
Interest |
3.294 |
4.415 |
7.709 |
|
|
|
|
|
|
|
7. |
Profit
After Interest but before Exceptional Items (5-6) |
1.482 |
2.403 |
3.885 |
|
|
|
|
|
|
|
8. |
Exceptional
Items |
-- |
-- |
-- |
|
|
|
|
|
|
|
9. |
Profit
from Ordinary Activities before Tax (7+8) |
1.482 |
2.403 |
3.886 |
|
|
|
|
|
|
|
10. |
Tax
Expense |
0.278 |
0.480 |
0.759 |
|
|
|
|
|
|
|
11. |
Net
Profit from Ordinary Activities after Tax (9-10) |
1.204 |
1.923 |
3.127 |
|
|
|
|
|
|
|
12. |
Extraordinary
Item (net of expense) |
-- |
-- |
-- |
|
|
|
|
|
|
|
13. |
Net Profit
for the period (11-12) |
1.204 |
1.923 |
3.127 |
|
|
|
|
|
|
|
14. |
Paid-up
Equity Share Capital (Face Value of Rs.10/- Each) |
49.948 |
49.948 |
49.948 |
|
|
|
10.00 |
10.00 |
10.00 |
|
15. |
Reserves
Excluding Revaluation Reserve |
|
|
|
|
|
|
|
|
|
|
16. |
Basic and Diluted Earning Per
Share (EPS) (Rs.)-Not Annualised |
0.24 |
0.39 |
0.63 |
|
|
a)
Basic and diluted EPS before extraordinary items |
|
|
|
|
|
b)
Basic and diluted EPS after extraordinary items |
|
|
|
|
|
|
|
|
|
|
17. |
Public Shareholding |
|
|
|
|
|
-Number
of Shares |
3,304,366 |
3,304,366 |
3,304,366 |
|
|
-
Percentage of Shareholding |
66.16 |
66.16 |
66.16 |
|
|
|
|
|
|
|
18. |
Promoters and Promoter Group
Shareholding |
|
|
|
|
|
a) Pledged/Encumbered |
|
|
|
|
|
-
Number of Shares |
NIL |
NIL |
NIL |
|
|
-
Percentage of Shares (as a % of the Total Shareholding of promoter and
promoter group) |
NIL |
NIL |
NIL |
|
|
- Percentage
of Shares (as a % of the Total Share Capital of the Company) |
NIL |
NIL |
NIL |
|
|
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
|
-
Number of Shares |
1,690,409 |
1,690,409 |
1,609,409 |
|
|
- Percentage
of Shares (as a % of the Total Shareholding of Promoter and Promoter Group) |
100.00 |
100.00 |
100.00 |
|
|
-
Percentage of Shares (as a % of the Total Share Capital of the Company) |
33.84 |
33.84 |
33.84 |
|
Particulars |
3 Months ended on 30.09.2014 |
|
Pending at the beginning of the quarter |
NIL |
|
Received during the quarter |
NIL |
|
Disposed of during the quarter |
NIL |
|
Remaining unresolved at the end of the
quarter |
NIL |
STANDALONE / CONSOLIDATED
STATEMENT OF ASSETS AND LIABILITIES
|
Particulars |
As at 30.09.2014 |
|
|
|
Particulars |
|
|
A |
EQUITY AND
LIABILITIES |
|
|
1 |
Shareholder’s Funds |
|
|
|
a) Share Capital |
49.948 |
|
|
b) Reserves & Surplus |
61.948 |
|
|
c) Money received against share warrants |
0.000 |
|
|
Sub Total-
Shareholders funds |
111.896 |
|
2 |
Share application
money pending allotment |
0.000 |
|
3 |
Minority Interest |
0.000 |
|
4 |
Non-current
liabilities |
|
|
|
(a) Long term borrowings |
145.189 |
|
|
(b) Other long term liabilities |
0.000 |
|
|
c) Long term provisions |
0.939 |
|
|
Sub Total- Non
Current Liabilities |
146.128 |
|
5 |
Current liabilities |
|
|
|
(a) Short term borrowings |
46.668 |
|
|
(b) Trade Payables |
6.194 |
|
|
(c) Other current liabilities |
7.433 |
|
|
(d) Short term provisions |
6.597 |
|
|
Sub Total- Current
Liabilities |
66.892 |
|
|
TOTAL-EQUITY AND
LIABILITIES |
324.916 |
|
B |
ASSETS |
|
|
1 |
Non-current assets |
|
|
|
(a) Fixed assets |
158.757 |
|
|
(b) Non-current investment |
0.500 |
|
|
Sub-Total-
Non-current assets |
159.257 |
|
2 |
Current assets |
|
|
|
a) Current Investments |
0.000 |
|
|
b) Inventories |
98.175 |
|
|
c) Trade Receivables |
57.078 |
|
|
d) Cash and cash equivalents |
0.284 |
|
|
(e) Short term loans and advances |
10.122 |
|
|
(f) Other current assets |
0.000 |
|
|
Sub-Total- current
assets |
165.659 |
|
|
TOTAL ASSETS |
324.916 |
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.46 |
|
|
1 |
Rs. 92.77 |
|
Euro |
1 |
Rs. 69.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.