MIRA INFORM REPORT
|
Report No. : |
325029 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
FABTECH PROJECTS AND ENGINEERS LIMITED (w.e.f. 25.02.2008) |
|
|
|
|
Formerly Known
As : |
FABTECH
PROJECTS AND ENGINEERS PRIVATE LIMITED |
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|
|
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Registered
Office : |
J – 504 and 505, MIDC, Bhosari, Pune – 411026, Maharashtra |
|
Tel. No.: |
91-20-27474134 / 30614500 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2015 (Provisional) |
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|
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Date of
Incorporation : |
11.06.2002 |
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|
|
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Com. Reg. No.: |
017050 |
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Capital
Investment / Paid-up Capital : |
Rs. 681.932 Million
(Provisional) |
|
|
|
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CIN No.: [Company Identification
No.] |
U29299PN2002PLC017050 |
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|
|
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IEC No.: |
3105013792 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEF00839G |
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PAN No.: [Permanent Account No.] |
AAACF7903Q |
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|
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Mounded
Bullets projects, Pressure Vessels, Heat
Exchangers, Storage Vessels,
Sphere and Mobile Tankers etc. |
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|
|
|
No. of Employees
: |
800 (Approximately) [In Office 450 + In Factory 350] |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 6850000 |
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|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a leading provider of Engineering, Procurement, Construction
(EPC) services to the oil and gas, chemicals and sugar industries. It is a
well-established company having fine track record. For the financial year ended 2014, the company has reported sales
turnover of Rs.6844.400 Million with profile of Rs.131.200 Million as
compared with previous year (2013) sales turnover of Rs.5691.600 Million with
profit of Rs.175.200 Million. As per the provisional balance sheet of 2015, company has reported
sales turnover of Rs.7308.400 Million with profit of Rs.136.400 Million. It is also to be noted that company has healthy operational track
record of business operations with consistence topline growth over a year
backed by sound record of profitability operations. Rating also takes into consideration adequate financial risk profile
with decent networth base and extensive industry experience of its promoters.
Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of healthy financial 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) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 PARTED BY
|
Name : |
Mr. B R Naik |
|
Designation : |
Vice President |
|
Contact No.: |
91-9881094190 |
|
Date : |
28.05.2015 |
|
Name : |
Mr. Dalvi |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9881643262 |
|
Date : |
28.05.2015 |
LOCATIONS
|
Registered Office : |
J – 504 and 505, MIDC, Bhosari, Pune – 411026, Maharashtra, India |
|
Tel. No.: |
91-20-27474134/ 27474235/ 66113326 / 30614500 |
|
Fax No.: |
91-20-66113327/ 30614509/ 27458479 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
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|
|
|
Factory 1: |
Plot No. A 44/2, Chakan Industrial Area, Phase – 2, MIDC, Village Vasoli,
District Pune – 410501, Maharashtra, India |
|
|
|
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Factory 2: |
Plot No. 1, 3, 4, Gat No. 272/273, Nanekarwadi, Chakan, District Pune
– 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-395482 / 563052/ 665901 to 25 |
|
Fax No.: |
91-2135-253833/ 286160 |
|
Location : |
Owned |
DIRECTORS
AS ON: 03.02.2015
|
Name : |
Mr. Bira Ananda Rupnar |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Plot No. 80, SNI 118 to 124, National Society, Anudh, Pune – 411007, Maharashtra,
India |
|
Date of Birth/Age : |
01.06.1960 |
|
Qualification : |
B.E (Mech) |
|
Date of Appointment : |
26.06.2013 |
|
PAN No.: |
AAOPR0807J |
|
Experience : |
30 Years |
|
DIN No.: |
01637615 |
|
|
|
|
Name : |
Mr. Parameswaran Hariharan Nurani |
|
Designation : |
Whole-time director |
|
Address : |
OM Eashwari Society, Building Bo 1, Flat No. 208, mahant Road, Vile
Parle, Mumbai – 400057, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1946 |
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Qualification : |
B.E. ( Mechanical) |
|
Date of Appointment : |
01.04.2011 |
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PAN No.: |
AAAPH6255J |
|
Experience : |
30 Years |
|
DIN No.: |
01727306 |
|
|
|
|
Name : |
Mr. Rajabahu Ananda Rupnar |
|
Designation : |
Managing Director |
|
Address : |
Prem Geet, Sector No-149/2, Flat No. 21, Ajmera Complex, Pimpri, Pune
– 411018, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1966 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
01.07.2013 |
|
Experience : |
25 Years |
|
PAN No.: |
AAQPR3012H |
|
DIN No.: |
01727729 |
|
|
|
|
Name : |
Mr. Eshanya Biharilal Gupta |
|
Designation : |
Director |
|
Address : |
Sector No. 1 and 7, WIGH P-5, Flat No. 802, Empire Estate, Pimpri,
Pune – 411018, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1976 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
01.03.2006 |
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PAN No.: |
AHDPG6294Q |
|
Date of Cessation: |
23.08.2014 |
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DIN No.: |
01727743 |
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|
|
|
Name : |
Mrs. Neelavarna Bira Rupnar |
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Designation : |
Director |
|
Address : |
Plot No. 80, SNI 118 to 124, National Society, Anudh, Pune – 411007,
Maharashtra, India |
|
Date of Birth/Age : |
29.03.1967 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
11.06.2002 |
|
Date of Cessation : |
27.11.2014 |
|
PAN No.: |
ABZPR4759B |
|
DIN No.: |
01881679 |
|
|
|
|
Name : |
Mrs. Manisha Sharad Chimbalkar |
|
Designation : |
Director |
|
Address : |
B1/502, Swapnanagri, Pimpri, Pune – 411018, Maharashtra, India |
|
Experience : |
15 Years |
|
Date of Birth/Age : |
14.02.1976 |
|
Qualification : |
B.E. ( Chemical) |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
ADBPC8684J |
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DIN No.: |
01881691 |
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|
|
|
Name : |
Mr. Bhausaheb Anandrao Rupanar |
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Designation : |
Director |
|
Address : |
Plot No. 42, Pardeshi Nagar, Pandharpur – 413304, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1957 |
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Qualification : |
B. Sc (Agriculture) |
|
Date of Appointment : |
01.01.2008 |
|
Date of Cessation : |
11.12.2014 |
|
PAN No.: |
AAVPR8855M |
|
DIN No.: |
02370193 |
|
|
|
|
Name : |
Mr. Dayanand Pundlik Thorat |
|
Designation : |
Director Technical |
|
Address : |
Jai Ganesh Samrajya, Panjarpol, Wing F 13, R. No. 204, Bhosari, Pune –
411087, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1977 |
|
Qualification : |
B.E. (Mechanical) / B.Com |
|
Date of Appointment : |
30.09.2009 |
|
PAN No.: |
AEBPT3466J |
|
Experience : |
15 Years |
|
DIN No.: |
02647227 |
|
|
|
|
Name : |
Mr. Sampat Shivaji Gawade |
|
Designation : |
Director |
|
Address : |
N/04, First Floor, Vishal Garden, Shikrapur Road, Chakan Khed, Pune –
412301, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1970 |
|
Qualification : |
B.E. (Mech) |
|
Date of Appointment : |
30.09.2011 |
|
Experience : |
15 Years |
|
PAN No.: |
ABLPG7450N |
|
DIN No.: |
02671275 |
|
|
|
|
Name : |
Mr. Raman Krishnan |
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Designation : |
Director |
|
Address : |
Unit No.15, 2nd Floor, Stele Park, Plot No. 283/284, Sector
21, Nerul, Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1948 |
|
Qualification : |
DME |
|
Date of Appointment : |
01.10.2009 |
|
PAN No.: |
AFZPK7151A |
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Date of Cessation : |
31.03.2014 |
|
DIN No.: |
03275988 |
|
|
|
|
Name : |
Mr. Venkatabala Nagendra Behera |
|
Designation : |
Director |
|
Address : |
C-704, Naren Hills Azad Nagar, Behind Clover Heights, Wanawadi,
Pune-411040, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1958 |
|
Qualification : |
B. Tech (Electronics) M. Tech. [Industrial Management] |
|
Experience : |
25 Years |
|
PAN No.: |
AAZPB1345E |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
06377015 |
|
|
|
|
Name : |
Mr. Ujiyare Lal Dohare |
|
Designation : |
Director |
|
Address : |
R No-5 Narmada Guest House, Gujrat Refinery Township Po, Jawahar Nagar, Vadodara - 391320, Gujarat, India |
|
Date of Birth/Age : |
10.07.1952 |
|
Qualification: |
B.E. (Mech) |
|
Experience : |
17 Years |
|
PAN No.: |
AENPD8880L |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06373415 |
KEY EXECUTIVES
|
Name : |
Mr. B R Naik |
|
Designation : |
Vice President |
|
Name : |
Mr. Dalvi |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Guruprasad Shridhar Naigaonkar |
|
Designation : |
Secretary |
|
Address : |
Plot No 88, Flat No 10, Swapna Society, Walvekar Nagar, Pune - 411009, Maharashtra, India |
|
Date of Appointment : |
22.01.2015 |
|
PAN No.: |
AGCPN7299Q |
|
|
|
|
Name : |
Ameet Bira Rupnar |
|
Designation : |
Chief Financial Officer |
|
Address : |
Pl No. 80, SNI 118 To 124 National, Socy., Aundh, Pune - 411007, Maharashtra, India |
|
Date of Appointment : |
01.10.2014 |
|
PAN No.: |
AWFPR0646A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 03.02.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Bira Ananda Rupnar |
52855758 |
77.51 |
|
Rajabhau Ananda Rupnar |
10509520 |
15.41 |
|
Parameshwaran Naurani Hariharan |
62005 |
0.09 |
|
Manisha Sharad Chimbalkar |
62005 |
0.09 |
|
Dayanand P. Thorat |
62005 |
0.09 |
|
Sampat Shivaji Gawde |
62005 |
0.09 |
|
Steel Vision India Private Limited, India |
4580000 |
6.72 |
|
|
|
|
|
TOTAL
|
68193298 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
6.72 |
|
Directors or relatives of directors |
|
92.92 |
|
Other top fifty shareholders |
|
0.36 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mounded
Bullets projects, Pressure Vessels, Heat
Exchangers, Storage Vessels,
Sphere and Mobile Tankers etc. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Others |
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Purchasing : |
L/C, Credit (60 days) and Others |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
Indian Oil Corporation Limited ·
HPCL - Mittal Energy Limited ·
Hindustan Petroleum Corporation Limited ·
Bharat Petroleum Corporation Limited ·
Oil India Limited ·
ONGC ·
Ge Oil and Gas ·
Cairn Energy System ·
Uhde ·
Kazstroy ·
Metito ·
Lind Engineering Private Limited ·
Dresser Rand Private Limited ·
Naftogaz ·
Praxair India Limited ·
Essar ·
Mangalore Refineries and Petrochemicals
Corporation Limited ·
L and T Limited ·
Crompton Greaves Limited ·
Kochi Refineries Limited ·
Bharat Shell Limited ·
Thermax Limited ·
Ion Exchange (India) Limited ·
Aquatech Systems (Asis) Private Limited ·
V A Tech Wabag Limited ·
Praj Industries Limited ·
Va Tech Hydro Flovess Limited ·
Barc / Dae ·
Globe Gas Equipments Industry Private Limited ·
Super Gas ·
Elf Gas ·
Indian Navy ·
Alkyl Amines and Chemicals Limited ·
Hindustan Polyamides and Fibers Limited ·
Galaxy Chemicals Limited ·
Ador Technologies Limited |
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No. of Employees : |
800 (Approximately) [In Office 450 + In Factory 350] |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
R. M. Rajapurkar
and
Company Chartered Accountants |
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Address : |
1 – Regent Avenue, Sambhaji Chowk, Pradhikaran, Nigdi, Pune – 411044, |
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PAN No.: |
AAIFR3873N |
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Sister Concern : |
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Subsidiary Company [AS ON 31.03.2014]
: |
Fabtech Projects and Engineers Pte Limited, Singapore |
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Associates Companies [AS ON 31.03.2014] : |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON: 31.03.2015 (PROVISIONAL)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68193298 |
Equity Shares |
Rs.10/- each |
Rs. 681.933
Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
681.933 |
681.933 |
681.933 |
|
(b) Reserves &
Surplus |
1483.654 |
1360.962 |
1281.046 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
232.829 |
68.000 |
67.800 |
|
Total Shareholders’ Funds
(1) + (2) |
2398.416 |
2110.895 |
2030.779 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
732.712 |
1007.855 |
1105.550 |
|
(b) Deferred tax
liabilities (Net) |
142.653 |
122.113 |
106.454 |
|
(c) Other long term
liabilities |
1953.362 |
2214.511 |
1620.913 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2828.727 |
3344.479 |
2832.917 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2293.694 |
1952.023 |
1098.564 |
|
(b) Trade payables |
2205.978 |
1761.649 |
2672.593 |
|
(c) Other current
liabilities |
118.604 |
559.602 |
618.933 |
|
(d) Short-term provisions |
38.670 |
43.211 |
30.158 |
|
Total Current Liabilities
(4) |
4656.946 |
4316.485 |
4420.248 |
|
|
|
|
|
|
TOTAL |
9884.089 |
9771.859 |
9283.944 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2896.847 |
3092.619 |
2872.518 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
56.522 |
19.884 |
230.791 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
169.506 |
169.506 |
6.408 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
548.104 |
491.842 |
402.902 |
|
(e) Other Non-current
assets |
1.846 |
1.846 |
3.650 |
|
Total Non-Current Assets |
3672.825 |
3775.697 |
3516.269 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
20.657 |
100.298 |
92.798 |
|
(b) Inventories |
2457.452 |
2306.355 |
2396.030 |
|
(c) Trade receivables |
2176.886 |
2014.695 |
1963.267 |
|
(d) Cash and cash
equivalents |
877.438 |
887.524 |
945.288 |
|
(e) Short-term loans and
advances |
122.985 |
373.499 |
187.501 |
|
(f) Other current assets |
555.846 |
313.791 |
182.791 |
|
Total Current Assets |
6211.264 |
5996.162 |
5767.675 |
|
|
|
|
|
|
TOTAL |
9884.089 |
9771.859 |
9283.944 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
7210.355 |
6765.638 |
5542.895 |
|
|
Other Income |
44.309 |
103.178 |
49.372 |
|
|
TOTAL (A) |
7254.664 |
6868.816 |
5592.267 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3904.594 |
3869.694 |
2736.847 |
|
|
Manufacturing and Project
Cost |
1728.290 |
1441.624 |
1482.116 |
|
|
Employees benefits
expense |
407.345 |
391.782 |
449.982 |
|
|
Administrative, Selling,
Distribution and Other expenses |
105.804 |
113.581 |
119.577 |
|
|
TOTAL (B) |
6146.033 |
5816.681 |
4788.522 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
1108.631 |
1052.135 |
803.745 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
651.880 |
584.872 |
325.730 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
456.751 |
467.263 |
478.015 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
240.931 |
268.622 |
195.626 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
215.820 |
198.641 |
282.389 |
|
|
|
|
|
|
|
Less |
TAX (H) |
79.351 |
67.372 |
107.165 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
136.469 |
131.269 |
175.224 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
79.133 |
166.657 |
|
|
Capital Goods |
NA |
13.111 |
222.937 |
|
|
TOTAL
IMPORTS |
NA |
92.244 |
389.594 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.00 |
1.92 |
2.57 |
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin |
(%) |
1.89 |
1.94 |
3.16 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
15.38 |
15.55 |
14.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.23 |
2.07 |
3.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.09 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.26 |
1.40 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.39 |
1.30 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
681.933 |
681.933 |
681.933 |
|
Reserves & Surplus |
1281.046 |
1360.962 |
1483.654 |
|
Share Application money
pending allotment |
67.800 |
68.000 |
232.829 |
|
Net worth |
2030.779 |
2110.895 |
2398.416 |
|
|
|
|
|
|
long-term borrowings |
1105.550 |
1007.855 |
732.712 |
|
Short term borrowings |
1098.564 |
1952.023 |
2293.694 |
|
Total borrowings |
2204.114 |
2959.878 |
3026.406 |
|
Debt/Equity ratio |
1.085 |
1.402 |
1.262 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
5542.895 |
6765.638 |
7210.355 |
|
|
|
22.060 |
6.573 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 (Provisional) |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
5542.895 |
6765.638 |
7210.355 |
|
Profit |
175.224 |
131.269 |
136.469 |
|
|
3.16% |
1.94% |
1.89% |
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) |
No |
|
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 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 |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED
LOANS
[RS.
IN MILLION]
|
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2014 |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
2.500 |
2.500 |
|
Total |
2.500 |
2.500 |
INDEX OF
CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10544022 |
24/12/2014 |
1,005,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
C40903916 |
|
2 |
10458817 |
16/10/2013 |
94,987,200.00 |
BANK OF INDIA |
HONK KONG BRANCH, HONG KONG., HONG KONG, - 999077 |
B89003297 |
|
3 |
10428489 |
17/05/2013 |
2,110,000,000.00 |
STATE BANK OF INDIA INDUSTRIAL FINANCE BRANCH |
2ND FLOOR, 'TARA CHAMBERS' NEAR MARIAAI POLICE, C |
B76007517 |
|
4 |
10084612 |
03/07/2014 * |
9,651,000,000.00 |
BANK OF MAHARASHTRA |
SR. NO.81, MASULKAR TOWER, AJMERA ROAD,, MASULKAR |
C41616434 |
* Date of charge modification
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
- Land
- Office
Building
- Factory
Building
- Furniture and
Fixture
- Vehicles
- Plant and
Machinery
- Electrical
Installations
- Office
Equipment
- Computers and
Peripherals
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. 63.62 |
|
|
1 |
Rs. 98.50 |
|
Euro |
1 |
Rs. 69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
65 |
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.