MIRA
INFORM REPORT
|
Report No. : |
329605 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEI POWER
PRIVATE LIMITED (w.e.f.
08.01.2008) marson’s electrical industries (UNIT OF mei power private limited) |
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|
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Formerly Known
As : |
THE
MARSON'S ELECTRICAL INDUSTRIES PRIVATE LIMITED |
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Registered Office
: |
11th Floor, Room No. 36, 23A |
|
Tel. No.: |
91-33-40050326 / 22301968 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
05.01.1984 |
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Com. Reg. No.: |
21-037064 |
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Capital
Investment / Paid-up Capital : |
Rs. 8.020 Million |
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CIN No.: [Company Identification
No.] |
U31102WB1984PTC037064 |
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IEC No.: |
0288005791 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
CALT00780D |
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PAN No.: [Permanent Account No.] |
AABCT1567H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of Power and Distribution
Transformers and Allied Transformers. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated during the year
1984. It is engaged in the business of manufacturing of power and
distribution of transformers and allied transformers. It has a fine track
record. For the financial year ended 2014, the company possesses healthy
operational performance and it has achieved good sales volume along with
profitability margin of 2.7%. Rating also takes into consideration the strong financial risk profile
of the company having healthy networth position and favourable gap between
trade payables and trade receivables. Further, it has long history of business track record and respectable
and experienced directors. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. In the view of good financial base and healthy operational profile,
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 |
CRISIL |
|
Rating |
Long term bank loan facilities : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
11.02.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank loan facilities : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
11.02.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Rahul Tiwari |
|
Designation : |
Account Officer |
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Contact No.: |
91-562-2520027 |
|
Date : |
01.07.2015 |
LOCATIONS
|
Registered Office : |
11th Floor, Room No. 36, 23 A, Netaji Subhash Road, Kolkata
– 700001, West Bengal, India |
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Tel. No.: |
91-33-40050326 / 22301968 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
1/189, |
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Tel. No.: |
91-562-2520027 / 2850812 |
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Fax No.: |
91-562-2851306 |
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Factory : |
Marson’s Electrical Industries, |
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Tel. No.: |
91-562-2642327 / 2642328 / 2640144 / 2520027 |
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Fax No.: |
91-562-2641435 |
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Sales Office : |
Located at:
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DIRECTORS
AS ON 12.09.2014
|
Name : |
Mr. Bimlesh Kumar Jain |
|
Designation : |
Director |
|
Address : |
1/189, Delhi Gate, Civil Lines, Agra - 282002, Uttar Pradesh, India |
|
Date of Birth/Age : |
17.01.1953 |
|
Date of Appointment : |
05.01.1984 |
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PAN No. : |
ACMPJ3788Q |
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DIN No.: |
00383164 |
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|
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Name : |
Mr. Nirmal Kumar Jain |
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Designation : |
Whole Time Director |
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Address : |
1/189, Delhi Gate, Civil Lines, Agra - 282002, Uttar Pradesh, India |
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Date of Birth/Age : |
21.08.1954 |
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Date of Appointment : |
01.07.1987 |
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DIN No.: |
00383214 |
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|
|
|
Name : |
Mrs. Neetu Jain |
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Designation : |
Whole Time Director |
|
Address : |
1/189, Delhi Gate, Civil Lines, Agra - 282002, Uttar Pradesh, India |
|
Date of Birth/Age : |
17.01.1978 |
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Date of Appointment : |
25.07.2001 |
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PAN No.: |
AAUPJ6641C |
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DIN No.: |
00346737 |
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|
|
|
Name : |
Mr. Nitin Jain |
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Designation : |
Whole Time Director |
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Address : |
1/189, Delhi Gate, Civil Lines, Agra - 282002, Uttar Pradesh, India |
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Date of Birth/Age : |
02.08.1980 |
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Date of Appointment : |
25.07.2001 |
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PAN No.: |
ABGPJ7319G |
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DIN No.: |
00383348 |
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|
Name : |
Mr. Swaroop Chand Jain |
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Designation : |
Director |
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Address : |
1/189, Delhi Gate, Civil Lines, Agra - 282002, Uttar Pradesh, India |
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Date of Birth/Age : |
19.08.1927 |
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Date of Appointment : |
15.02.2000 |
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PAN No.: |
ACEPJ1393H |
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DIN No.: |
00383083 |
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|
|
|
Name : |
Mr. Ratan Kumar Jain |
|
Designation : |
Director |
|
Address : |
1/189, Delhi Gate, Civil Lines, Agra - 282002, Uttar Pradesh, India |
|
Date of Birth/Age : |
11.05.1956 |
|
Date of Appointment : |
15.02.2000 |
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PAN No.: |
ABGPJ7319G |
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DIN No.: |
00383272 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul Tiwari |
|
Designation : |
Account Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Bimlesh Kumar Jain |
411766 |
51.34 |
|
Swaroop Chand Jain |
83100 |
10.36 |
|
Nitin Jain |
162600 |
20.27 |
|
Ratan Kumar Jain |
2334 |
0.29 |
|
Usha Jain |
23134 |
2.88 |
|
Neetu Jain |
21668 |
2.70 |
|
Meghna Jain |
96398 |
12.02 |
|
Nirmal Kumar Jain |
1000 |
0.12 |
|
Total |
802000 |
100.00 |
%20-%20329605%2001-Jul-2015_files/image002.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 12.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Power and
Distribution Transformers and Allied Transformers. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· UK · Ethiopia |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · Canara Bank, Overseas Branch, Sanjay Place, Agra - 282001, Uttar Pradesh, India |
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Facilities : |
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Auditors : |
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Name : |
Prem Predeep and Company Chartered Accountants |
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Address : |
F-2, Friends Wasan Plaza, Sanjay Place, Agra – 282002, Uttar Pradesh, India |
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PAN No.: |
AAXPG0792Q |
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Memberships : |
-- |
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Collaborators : |
--- |
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Associate : |
B. K. Jain HUF |
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Associate / Enterprises
over which Key management Personnel and/or their relatives have significance
influence:: |
· Western Transformer and Equipment Private Limited [U31102RJ1972PTC001444] · Marsons Energy Private Limited [U31102RJ2005PTC021527] · Banmore Electricals Private Limited [U03110MP1977PTC001428] · Marsons Industries Private Limited [U74899DL1984PTC017404] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
802,000 |
Equity Shares |
Rs.10/- each |
Rs.8.020 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
8.020 |
8.020 |
8.020 |
|
(b) Reserves & Surplus |
192.053 |
165.941 |
142.367 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
200.073 |
173.961 |
150.387 |
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.000 |
5.350 |
15.800 |
|
(b) Deferred tax liabilities (Net) |
3.523 |
3.977 |
4.076 |
|
(c) Other long term liabilities |
1.840 |
3.263 |
4.682 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
14.363 |
12.590 |
24.558 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
78.159 |
59.188 |
65.044 |
|
(b) Trade payables |
288.880 |
288.768 |
159.366 |
|
(c) Other current
liabilities |
19.336 |
7.484 |
35.083 |
|
(d) Short-term provisions |
2.755 |
2.803 |
2.797 |
|
Total Current Liabilities (4) |
389.130 |
358.243 |
262.290 |
|
|
|
|
|
|
TOTAL |
603.566 |
544.794 |
437.235 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.224 |
38.343 |
34.789 |
|
(ii) Intangible Assets |
1.403 |
0.710 |
0.746 |
|
(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 |
0.008 |
0.008 |
0.008 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.364 |
1.688 |
0.953 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
34.999 |
40.749 |
36.496 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
64.730 |
88.782 |
66.675 |
|
(c) Trade receivables |
312.101 |
261.944 |
131.360 |
|
(d) Cash and cash
equivalents |
156.337 |
105.442 |
165.979 |
|
(e) Short-term loans and
advances |
31.646 |
47.470 |
36.384 |
|
(f) Other current assets |
3.753 |
0.407 |
0.341 |
|
Total Current Assets |
568.567 |
504.045 |
400.739 |
|
|
|
|
|
|
TOTAL |
603.566 |
544.794 |
437.235 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1137.818 |
|
947.523 |
|
|
|
Other Income |
|
|
13.340 |
|
|
|
TOTAL |
1137.818 |
1067.607 |
960.863 |
|
|
|
|
(Including
Financial Expenses) |
||
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1088.044 |
1021.451 |
921.189 |
|
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|
|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.774 |
46.156 |
39.674 |
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.735 |
3.670 |
3.691 |
|
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|
|
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|
PROFIT/
(LOSS) BEFORE TAX |
46.039 |
42.486 |
35.983 |
|
|
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|
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|
|
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|
Less |
TAX |
15.023 |
14.055 |
11.872 |
|
|
|
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|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
31.016 |
28.431 |
24.111 |
|
|
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.502 |
1.731 |
1.781 |
|
|
|
|
|
|
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|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
2.005 |
2.005 |
2.005 |
|
|
|
Corporate tax on interim Dividend |
0.341 |
0.325 |
0.325 |
|
|
|
Proposed Dividend |
2.005 |
2.005 |
2.005 |
|
|
|
Corporate tax on proposed Dividend |
0.341 |
0.325 |
0.325 |
|
|
|
General Reserve |
25.000 |
23.000 |
19.500 |
|
|
|
Corporate tax on Dividend (earlier years) |
0.015 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.811 |
2.502 |
1.732 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
290.472 |
311.763 |
468.798 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
38.67 |
35.45 |
30.06 |
|
%20-%20329605%2001-Jul-2015_files/image003.gif){kind=small}
%20-%20329605%2001-Jul-2015_files/image004.gif){kind=small}
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
900.000 |
|
|
|
|
|
Expected Sales ( 2015-16 ) : Rs. 900.000 Million
The above information has been parted by Mr. Rahul Tiwari
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
2.73 |
2.66 |
2.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.63 |
7.80 |
8.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.24 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.37 |
0.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.41 |
1.53 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
8.020 |
8.020 |
8.020 |
|
Reserves & Surplus |
142.367 |
165.941 |
192.053 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
150.387 |
173.961 |
200.073 |
|
|
|
|
|
|
long-term borrowings |
15.800 |
5.350 |
9.000 |
|
Short term borrowings |
65.044 |
59.188 |
78.159 |
|
Total borrowings |
80.844 |
64.538 |
87.159 |
|
Debt/Equity ratio |
0.538 |
0.371 |
0.436 |
%20-%20329605%2001-Jul-2015_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
960.863 |
1067.607 |
1137.818 |
|
|
|
11.109 |
6.576 |
%20-%20329605%2001-Jul-2015_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
960.863 |
1067.607 |
1137.818 |
|
Profit |
24.111 |
28.431 |
31.016 |
|
|
2.51% |
2.66% |
2.73% |
%20-%20329605%2001-Jul-2015_files/image010.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
9.000 |
5.350 |
|
Short-term
borrowings |
|
|
|
Other loans and Advances |
20.850 |
0.000 |
|
Total |
29.850 |
5.350 |
FINANCIAL RESULTS
TURNOVER
During the year the Company’s Turnover is Rs. 1137.818 Million as against Rs. 1067.607 Million in the previous year.
FUTURE OUTLOOK
The Directors expect better performance of the Company in the future.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90253229 |
25/10/2010 * |
410,000,000.00 |
UNITED BANK OF INDIA |
MAIN BRANCH, FREEGANJ, AGRA, UTTAR PRADESH - 2820 |
A98024532 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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 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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
TRS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.