MIRA INFORM REPORT
|
Report No. : |
331366 |
|
Report Date : |
13.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAURIA UDYOG LIMITED |
|
|
|
|
Registered
Office : |
Anand Jyoti Building, 41 Netaji Subhas Road, Room No. 107, 1st
Floor, Kolkata - 700001, West Bengal |
|
Tel. No.: |
91-33-65180616/ 22309902 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
24.09.1980 |
|
|
|
|
Com. Reg. No.: |
21-033010 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 133.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L51909WB1980PLC033010 |
|
|
|
|
IEC No.: |
0588077186 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALM04672D / CALM00576C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM9522F |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cylinders, Valves and Regulators. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company incorporated during the year
1980 having a satisfactory track record. Available financial indicates company sound networth position with
fair profitability and favorable gap between trade payable and trade receivable. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of long standing record and acceptable financial base, the
company can be considered normal for 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) |
|
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 = BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
December 05, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
December 05, 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 (GENERAL DETAILS)
|
Name : |
Mr. Vinay Kumar |
|
Designation : |
Secretarial Department |
|
Contact No.: |
91-129-4092000 |
|
Date : |
10.07.2015 |
LOCATIONS
|
Registered Office : |
Anand Jyoti Building, 41 Netaji Subhas Road, Room No. 107, 1st
Floor, Kolkata - 700001, West Bengal, India |
|
Tel. No.: |
91-33-65180616/ 22309902 |
|
Mobile No.: |
91-9811117130 (Mr. K.M. Pai) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Head Office : |
602, |
|
Tel. No.: |
91-11-26221934/ 26414056/ 26447645-47 |
|
Fax No.: |
91-11-26414057/ 26234244 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Sector - 25, Sohna Road, Faridabad - 121004, Haryana, India |
|
Tel. No.: |
91-129-2230394/ 2443195/ 4092003/ 4092006 |
|
Fax No.: |
91-129-2231220 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
C-200, Industrial Area, Bulandshahar Road, Ghaziabad – 201009, Uttar Pradesh,
India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Navneet Kumar Sureka |
|
Designation : |
Managing director |
|
Address: |
8 Bougan Villa Avenue Westend, Green Farms Behind Shiv Murti,
Rajoukari, New Delhi - 110038, Delhi, India |
|
Date of Birth: |
16.09.1973 |
|
Qualification : |
Graduate |
|
Expertise in
specific functional area : |
He is an Industrialist having 21 years' experience in the steel
industry. |
|
Date of Appointment : |
29.07.1997 |
|
DIN No.: |
00054929 |
|
|
|
|
Name : |
Mr. Shiv Kumar Yadav |
|
Designation : |
Director |
|
Address: |
1621/B, Street No.13, Govind Puri, Kalkaji, New Delhi - 110019, Delhi,
India |
|
Date of Birth: |
24.11.1958 |
|
Qualification : |
B.Com. |
|
Expertise in
specific functional area : |
He is in business having 18 years experience in steel industry. |
|
Date of Appointment : |
13.06.2014 |
|
DIN No.: |
00118786 |
|
|
|
|
Name : |
Mr. Salil Rai |
|
Designation : |
Director |
|
Address : |
D 373 Defence Colony, New Delhi - 110024, Delhi, India |
|
Date of Birth: |
25.04.1975 |
|
Qualification : |
Post Graduate, M.B.A. |
|
Expertise in
specific functional area : |
He is in business having 20 years experience in paper industry. |
|
Date of Appointment : |
13.06.2014 |
|
DIN No.: |
00121981 |
|
|
|
|
Name : |
Mrs. Sujata Kumar |
|
Designation : |
Director |
|
Address: |
B-122, Leiah Apartment, Vasundhra Enclave, Delhi - 110096, Delhi,
India |
|
Date of Birth: |
08.10.1975 |
|
Qualification : |
M.B.A. |
|
Expertise in
specific functional area : |
She is in service having 1 I years experience in software industry |
|
Date of Appointment : |
12.08.2014 |
|
DIN No.: |
01310030 |
|
|
|
|
Name : |
Mr. Vijay Kumar Gupta |
|
Designation : |
Director |
|
Address: |
11, Kashi Nath Mullick Lane, Kolkata, 700073, West Bengal, India |
|
Date of Birth: |
14.07.1957 |
|
Qualification : |
B.Com |
|
Expertise in
specific functional area : |
He is in business having 26 years experience in steel industry. |
|
Date of Appointment: |
30.07.2008 |
|
DIN No.: |
00024496 |
|
|
|
|
Name : |
Mr. Vishnu Kumar Sureka |
|
Designation : |
Whole-time director |
|
Address: |
M-14B, South Ext. Part Ii, New Delhi - 110049, Delhi, India |
|
Date of Appointment : |
31.12.1992 |
|
DIN No.: |
00060160 |
|
|
|
|
Name : |
Mr. Karkala Manjunath Pai |
|
Designation : |
Whole-time director |
|
Address: |
1225, Sector-14, Faridabad - 121007, Haryana, India |
|
Date of Appointment : |
14.05.2011 |
|
DIN No.: |
00060371 |
KEY EXECUTIVES
|
Name : |
Mr. Vinay Kumar |
|
Designation : |
Secretarial Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2014
|
CATEGORY |
NO. OF SHARES |
% |
|
|
|
|
|
Promoters |
9899520 |
74.32 |
|
Persons acting in concert |
-- |
-- |
|
Mutual Funds and UTI |
-- |
-- |
|
Banks, Financial Institution and Insurance Companies |
-- |
-- |
|
FII's |
-- |
-- |
|
|
|
|
|
Private Corporate Bodies |
-- |
-- |
|
Indian Public |
3420480 |
25.68 |
|
|
|
|
|
NRIs/ OCBs |
-- |
-- |
|
|
|
|
|
Total |
13320000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cylinders, Valves and Regulators. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
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:
(AS ON 31.03.2014)
LICENSED CAPACITY: Not Applicable
|
ITEMS
MANUFACTURED |
UNITS |
INSTALLED
CAPACITY @ |
|
LPG Cylinder |
Nos. |
2400000 |
|
|
|
|
|
LPG Valves |
Nos. |
1800000 |
|
|
|
|
|
LPG Regulator |
Nos. |
1200000 |
@ As certified by the management
|
ITEMS
MANUFACTURED |
UNITS |
PRODUCTION
|
|
LPG Cylinders |
Nos. |
1333477 |
|
|
|
|
|
LPG Valves |
Nos. |
3037780 |
|
|
|
|
|
LPG DP Regulator |
Nos. |
1485240 |
|
|
|
|
|
Brass Adopter |
Nos. |
4012 |
|
|
|
|
|
Terry Towel |
Kgs |
534851 |
|
|
|
|
|
Towel Fabric |
Kgs |
24356.77 |
|
|
|
|
|
Soya Refined Oil |
Ltr. |
3382.658 |
|
|
|
|
|
Soya Doc |
M.T. |
22552.840 |
|
|
|
|
|
Soya Acid Oil |
M.T. |
89.081 |
|
|
|
|
|
Lecithin |
M.T. |
122.354 |
|
|
|
|
|
Fatty Acid |
M.T. |
17.291 |
|
|
|
|
|
Soya Acid Sludge |
M.T. |
11.104 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
Not Divulged |
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Bankers : [As on 31.03.2014] |
· Standard Chartered Bank - 10, Parliament Street, New Delhi - 110001, India · Export Import Bank of India- Centre One Building, Floor 21, World trade Centre, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Allahabad Bank · HDFC Bank Limited · Kotak Mahindra Bank Limited · ICICI Bank Limited |
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Facilities : |
|
|
Banking
Relations : |
--- |
|
|
|
|
Financial Institutions : [As on 31.03.2014] |
· Religare Finvest Limited · HDB Financial Services Limited · BMW Financial Services Limited |
|
|
|
|
Auditors : [As on 31.03.2014] |
|
|
Name : |
Salarpuria and Partners Chartered Accountants |
|
Address : |
1008, Chiranjiv Tower 43, Nehru Place, New Delhi – 110 019, India |
|
Tel. No.: |
91-11-26216579 / 26414726 |
|
|
|
|
Where Control Exists : [As on 31.03.2014] |
· Akshi Exports Private Limited · Bhama Properties Private Limited · Biharji Fancy Fibers and Fabrics Limited · Bihariji Ispat Udyog Limited · Bihariji Solar Power private Limited · Bihariji Vidyut Private Limited · Chakra Exports Private Limited · Deepak Hotels private :imited · G L Estates Private Limited · J.S.T. Engineering Services Limited · Jotindra Steel And Tubes Limited · JST Solar Energy Private Limited · JST Solar Vidyut Private Limited · Magnum Products Private Limited · Mauria Power Generation Private Limited · Mauria Power Projects Private Limited · Mauria Solar Private Limited · Puranmat Foods India Private Limited · Quality Synthetic Industries Limited · Ram Forgings Private Limited · S.K.D. Estates Private Limited · Saroj Metal Works Private Limited · Sri Narayan Steel Industries Private Limited · Srinarayan Raj Kumar Merchants Limited · Sureka Tubes Industries Private Limited · Udayanchal Leasing Exports Private Limited · VL Estates Private Limited · VL Land and Housing Private Limited · V.K. Flats Private Limited · Vaishnoudevi Properties Private Limited · Vee Em Infocentre Private Limited · Vee Kay Surgical Private Limited · Bihariji Infotech Private Limited · Eurospa Terry Towels Private Limited · Taanz Fashions Private Limited · G.L. Land and Housing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 133.200
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13320000 |
Equity Shares |
Rs. 10/- each |
Rs.133.200
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
SUMMARIZED
BALANCE SHEET
|
PARTICULARS |
31.03.2015 |
|
Shareholders'
Funds |
|
|
Share Capital |
133.200 |
|
|
|
|
Reserves & Surplus |
969.040 |
|
|
|
|
Non-Current
Liabilities |
|
|
Long-term borrowings |
627.006 |
|
|
|
|
Deferred tax liabilities (Net) |
39.139 |
|
|
|
|
Current
Liabilities |
|
|
Short term borrowings |
2226.230 |
|
|
|
|
Trade payables |
498.675 |
|
|
|
|
Other current liabilities |
455.485 |
|
|
|
|
Short-term provisions |
46.264 |
|
|
|
|
ASSETS |
|
|
Non-current assets |
|
|
Fixed Assets |
719.690 |
|
|
|
|
Non-current Investments |
28.389 |
|
|
|
|
Long-term Loan and Advances |
84.114 |
|
|
|
|
Current assets |
|
|
Inventories |
1149.345 |
|
|
|
|
Trade receivables |
2410.475 |
|
|
|
|
Cash and cash equivalents |
159.325 |
|
|
|
|
Short-term loans and advances |
234.518 |
|
|
|
|
Other current assets |
209.183 |
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
133.200 |
133.200 |
|
(b) Reserves & Surplus |
|
871.999 |
776.903 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1005.199 |
910.103 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
614.192 |
601.209 |
|
(b) Deferred tax liabilities (Net) |
|
38.049 |
28.945 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
652.241 |
630.154 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1984.942 |
2051.692 |
|
(b)
Trade payables |
|
432.194 |
751.825 |
|
(c)
Other current liabilities |
|
274.211 |
152.581 |
|
(d)
Short-term provisions |
|
36.205 |
51.754 |
|
Total
Current Liabilities (4) |
|
2727.552 |
3007.852 |
|
|
|
|
|
|
TOTAL |
|
4384.992 |
4548.109 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
733.055 |
694.345 |
|
(ii)
Intangible Assets |
|
0.603 |
0.636 |
|
(iii)
Capital work-in-progress |
|
4.072 |
13.364 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
32.628 |
30.467 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
84.229 |
82.024 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
854.587 |
820.836 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1209.506 |
673.068 |
|
(c)
Trade receivables |
|
1473.851 |
2411.289 |
|
(d)
Cash and cash equivalents |
|
217.702 |
234.619 |
|
(e)
Short-term loans and advances |
|
417.264 |
161.743 |
|
(f)
Other current assets |
|
212.082 |
246.554 |
|
Total
Current Assets |
|
3530.405 |
3727.273 |
|
|
|
|
|
|
TOTAL |
|
4384.992 |
4548.109 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
10079.075 |
7682.458 |
9008.085 |
|
|
|
Other Income |
17.593 |
15.107 |
12.651 |
|
|
|
TOTAL |
10096.668 |
7697.565 |
9020.736 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2535.902 |
2486.681 |
2120.629 |
|
|
|
Purchases of Stock-in-Trade |
5861.797 |
4085.414 |
5140.292 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
43.089 |
-473.886 |
72.001 |
|
|
|
Employees benefits expense |
48.491 |
47.500 |
40.508 |
|
|
|
Other expenses |
1218.102 |
1160.876 |
1197.441 |
|
|
|
TOTAL |
9707.381 |
7306.585 |
8570.871 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
389.287 |
390.980 |
449.865 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
182.350 |
201.968 |
232.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
206.937 |
189.012 |
217.562 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
57.834 |
44.715 |
39.424 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL ITEMS Loss due to Fire |
0.000 |
4.090 |
5.614 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
149.103 |
140.207 |
172.524 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
46.390 |
44.555 |
55.972 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
102.713 |
95.652 |
116.552 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
NA |
1530.473 |
2752.827 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials/ Traded Goods |
|
88.715 |
358.809 |
|
|
|
Spare Parts |
|
22.128 |
33.952 |
|
|
|
Capital Goods/ Repairs |
|
32.908 |
34.321 |
|
|
TOTAL IMPORTS |
NA
|
143.751 |
427.082 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
7.71 |
7.18 |
8.75 |
|
|
|
Diluted
|
7.18 |
7.18 |
8.75 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
360.467 |
136.154 |
|
|
|
|
|
|
Net Cash Flow from/ (used in) Operating Activities |
NA |
77.263 |
(173.550) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.02 |
1.25 |
1.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.86 |
5.09 |
4.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
3.22 |
3.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
NA |
2.59 |
2.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
1.29 |
1.24 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
STOCK
PRICES
|
Face Value |
-- |
|
|
|
|
Market Value |
Rs.10/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
133.200 |
133.200 |
133.200 |
|
Reserves & Surplus |
776.903 |
871.999 |
969.040 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
910.103 |
1005.199 |
1102.240 |
|
|
|
|
|
|
Long-term borrowings |
601.209 |
614.192 |
627.006 |
|
Short term borrowings |
2051.692 |
1984.942 |
2226.230 |
|
Total
borrowings |
2652.901 |
2599.134 |
2853.236 |
|
Debt/Equity ratio |
2.915 |
2.586 |
2.589 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
9008.085 |
7682.458 |
10079.075 |
|
|
|
-14.716 |
31.196 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
9008.085 |
7682.458 |
10079.075 |
|
Profit |
116.552 |
95.652 |
102.713 |
|
|
1.29% |
1.25% |
1.02% |
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10560636 |
13/03/2015 |
400,000,000.00 |
ANDHRA BANK |
SCF 126-127 MAIN MARKET,
SECTOR 17, FARIDABAD, HARYANA - 121002, INDIA |
C49625551 |
|
2 |
10544027 |
26/12/2014 |
30,000,000.00 |
KARNATAKA BANK
LIMITED |
SCO -143, SECTOR -
21C,SHOPPING CENTRE, FARIDABAD, HARYANA - 121002, INDIA |
C40905192 |
|
3 |
10510099 |
11/06/2014 |
30,000,000.00 |
KARNATAKA BANK
LIMITED |
SCO 149, SHOPPING
CENTRE, SECTOR - 21C, FARIDABAD, HARYANA - 121001, INDIA |
C12112918 |
|
4 |
10434035 |
28/06/2013 |
48,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B78376043 |
|
5 |
10434036 |
28/06/2013 |
52,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B78377462 |
|
6 |
10391950 |
29/11/2012 |
35,955,200.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B64128648 |
|
7 |
10350783 |
19/04/2012 |
250,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169 BACKBAY
RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA |
B37886637 |
|
8 |
10322420 |
07/10/2014 * |
305,000,000.00 |
INDIAN OVERSEAS
BANK |
14-15, FARM
BHAWAN, NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C30138796 |
|
9 |
10291575 |
25/05/2011 |
50,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA -121001, INDIA |
B14772834 |
|
10 |
10256019 |
02/12/2010 |
48,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA - 121005, INDIA |
B01798115 |
|
11 |
10256017 |
04/11/2010 |
50,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA - 121005, INDIA |
B01795699 |
|
12 |
10232715 |
20/07/2010 |
3,447,978.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A, NARIMAN BHAVAN,
227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
A91555359 |
|
13 |
10229381 |
12/07/2011 * |
1,000,000,000.00 |
ALLAHABAD BANK |
17, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
B17215765 |
|
14 |
10168871 |
10/06/2009 |
100,000,000.00 |
KARNATAKA BANK
LIMITED |
SCO-143,
SECTOR-21C, FARIDABAD, HARYANA - 121002, INDIA |
A66845967 |
|
15 |
10134949 |
10/05/2014 * |
200,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
SHOPPING CENTRE, FARIDABAD, HARYANA - |
C06183222 |
|
16 |
10111037 |
22/05/2008 |
6,340,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A40741696 |
|
17 |
10080699 |
30/08/2011 * |
50,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA - 121002, INDIA |
B21608666 |
|
18 |
10085291 |
30/08/2011 * |
250,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA - 121002, INDIA |
B21608492 |
|
19 |
10085660 |
30/08/2011 * |
250,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA - 121002, INDIA |
B21608872 |
|
20 |
10085265 |
30/08/2011 * |
300,000,000.00 |
KARNATAKA BANK
LIMITED |
SECTOR-21C,
FARIDABAD, HARYANA - 121002, INDIA |
B21608211 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 [Rs.
In Million] |
31.03.2013 [Rs.
In Million] |
|
LONG TERM
BORROWINGS |
|
|
|
From Directors [Including interest free loan Rs. 1.500 million] |
15.595 |
29.515 |
|
From Bodies Corporate |
2.062 |
4.295 |
|
From Other than
Related Parties |
|
|
|
From Bodies Corporate |
24.348 |
19.098 |
|
SHORT TERM
BORROWINGS |
|
|
|
From Bodies Corporate |
5.104 |
0.000 |
|
|
|
|
|
Total |
47.109 |
52.908 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
|
|
|
|
Letters of Credit/ Guarantees/ Bond issued by Banks |
248.417 |
304.055 |
|
Letters of Credit/ Guarantees/ Bond issued by Foreign Banks |
$ 953426 |
Nil |
|
|
Euro 202461 |
Euro 36668 |
|
Proportionate value of duty saved in terms of Letter of Undertaking given to Jt.
Director General of Foreign Trade under Advance Authorisation Scheme and
Export Promotion Capital Goods Scheme, where export obligation can be completed
in future years |
7.778 |
4.394 |
|
Claims against the Company not acknowledged as debts |
Amount
Unascertained |
Amount
Unascertained |
|
Surety Bond issued in favour of Haryana Sales Tax Department towards
VAT and Central Sales Tax liability of a third party Balaji Engineering |
0.200 |
0.200 |
FIXED ASSETS
· Land
· Buildings
· Ownership Flats
· Plant and Machinery
· Electric Installations
· Dies
· Measuring and Testing Equipments
· Furniture and Fixtures
· Office Equipments
· Computers
· Air Conditioner and Fans
· Vehicles
· Cranes
· Truck Trailers
· Fire Fighting Equipments
· Solar Power Generating System
· Computer Software
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. 63.38 |
|
|
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
46 |
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.