MIRA INFORM REPORT
|
Report No. : |
326308 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE SANDESH LIMITED |
|
|
|
|
Registered
Office : |
Sandesh Bhavan, Lad Society Road, Behind Vastrapur Gam, P.O. Bodakdev,
Ahmedabad – 380054, Gujarat |
|
|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
11.03.1943 |
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|
|
|
Com. Reg. No.: |
04-000183 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 75.694 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L22121GJ1943PLC000183 |
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|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMT00069G |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACT5730D |
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|
|
Legal Form : |
Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
Line of Business
: |
Subject is engaged in editing, printing and publishing
newspapers and periodicals, it is also involved in the real estate and
finance businesses. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is one of the leading print media companies in Gujarat. It is an established company having good track record. Financial position of the company is sound. Fundamentals of the
company are healthy. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = AA- |
|
Rating Explanation |
High Degree of safety and very low credit
risk. |
|
Date |
08.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
08.12.2014 |
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-79-40004000]
LOCATIONS
|
Registered / Head Office : |
Sandesh Bhavan, Lad Society Road, Behind Vastrapur Gam, P.O. Bodakdev,
Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-40004000/ 40004319/ 26765480/ 40004175/ 25624241 |
|
Fax No.: |
91-79-40054121/ 40004242/ 40004175/ 40004148 |
|
E-Mail : |
advt@sandesh.com cs@sandesh.com investorsgrievance@sandesh.com |
|
Website : |
www.sandesh.com |
|
|
|
|
Plants / Press
Locations : |
1) “SANDESH BHAVAN”, Lad Society Road, B/h. Vastrapur
Gam, P.O. Bodakdev, Ahmedabad – 380054, Gujarat, India 2) “SATYESH BHAVAN”, B/h. Jalaram Temple,
Bahucharaji Road, Karelibaug, Vadodara, Gujarat, India 3) “SATYESH BHAVAN”, Dakoriya Mill Compound, Near
Gurudev Petrol Pump, Khatodara GIDC, Bamroli Road, Surat, Gujarat, India 4) “SANDESH BHAVAN”, Opposite Sat Hanuman,
Navagam, Rajkot-Ahmedabad Highway, Rajkot, Gujarat, India 5) “SATYESH BHAVAN”, Ruvapari Road, Bhavanagar,
Gujarat, India 6) Godown No.3, Gujarat State Warehousing
Corporation, Near Atmaram Circle and Bajaj Showroom, Bhuj Madhapar Road,
Bhuj, Gujarat, India |
|
|
|
|
Branch Offices : |
Located at: · Vadodara · Surat · Bhavnagar · Bhuj · Mumbai · New Delhi · Kolkata · Chennai · Bangalore |
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Representative Offices : |
Located at: · Secunderabad · Indore · Jaipur · Kanpur · Patna · Nasik · Nagpur · Ludhiana · Cochin |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Falgunbhai Patel |
|
Designation : |
Chairman and
Managing Director |
|
|
|
|
Name : |
Mr. Parthiv F. Patel |
|
Designation : |
Managing
Director |
|
Date
of Birth/ Age : |
26.07.1982 |
|
Educational
Qualification : |
B.A.
with Business Finance from United Kingdom |
|
Date
of Appointment : |
14.03.2002 |
|
DIN No.: |
00050211 |
|
Name of the other Companies
in which he holds Directorship : |
Other Directorship in: ·
Dhanali Stock Holdings Private Limited ·
Autumnleaf Estates Private Limited ·
Satlon Enterprise Private Limited ·
Aarav Salt and Chemicals Private Limited ·
Aadesh Brine Private Limited |
|
|
|
|
Name : |
Mrs. Pannaben
Patel |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Mukesh
Patel |
|
Designation : |
Independent
Director |
|
Date
of Birth/ Age : |
22.01.1954 |
|
Date
of Appointment : |
30.03.2005 |
|
DIN No.: |
00053892 |
|
Name
of the other Companies in which he holds Directorship : |
Other Directorship in: ·
Cadila Healthcare Limited ·
Zydus Wellness Limited ·
Hitachi Home and Life Solutions (India) Limited ·
Desai Brothers Limited ·
German Remedies Limited ·
Cliantha Research Limited (Formerly known as BA Research India
Limited) |
|
|
|
|
Name : |
Mr.
Sudhirbhai Nanavati |
|
Designation : |
Independent
Director |
|
Date
of Birth/ Age : |
29.09.1947 |
|
Educational
Qualification : |
B.
Com, LLB. |
|
Date
of Appointment : |
31.01.2001 |
|
DIN No.: |
00050236 |
|
Name of the other
Companies in which he holds Directorship : |
Other
Directorship in: Sterling
Abrasive Limited |
|
|
|
|
Name : |
Mr. Shreyas
Pandya |
|
Designation : |
Independent
Director |
|
Date
of Birth/ Age : |
01.10.1952 |
|
Educational
Qualification : |
B.Com,
Diploma in Printing Technology |
|
Date
of Appointment : |
30.12.2005 |
|
DIN No.: |
00050244 |
|
Name of the other
Companies in which he holds Directorship : |
Other
Directorship in: ·
Sahitya Mudranalaya Private Limited ·
Tarang Estate Private Limited ·
Meghmalhar Enterprise Private Limited |
|
|
|
|
Name : |
Mr. Sandeep
Singhi |
|
Designation : |
Independent
Director |
|
Date
of Birth/ Age : |
06.04.1966 |
|
Educational
Qualification : |
B.Sc.,
LLB |
|
Date
of Appointment : |
09.11.2012 |
|
DIN No.: |
01211070 |
KEY EXECUTIVES
|
Name : |
Mr. Dhaval Pandya |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category
of Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter
Group |
|
|
|
|
|
|
|
|
1777400 |
23.48 |
|
|
3885617 |
51.33 |
|
|
5663017 |
74.81 |
|
|
|
|
|
Total shareholding of Promoter and Promoter
Group (A) |
5663017 |
74.81 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
500 |
0.01 |
|
|
500 |
0.01 |
|
|
|
|
|
|
994959 |
13.14 |
|
|
|
|
|
|
573869 |
7.58 |
|
|
292237 |
3.86 |
|
|
44839 |
0.59 |
|
|
22071 |
0.29 |
|
|
22768 |
0.30 |
|
|
1905904 |
25.18 |
|
Total Public shareholding (B) |
1906404 |
25.19 |
|
Total (A)+(B) |
7569421 |
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) |
7569421 |
100.00 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Promoter and Promoter Group
|
Sl. No. |
Name of the Shareholders |
Details of Shares held |
|
|
No. of Shares held |
As a % |
||
|
1 |
Satlon Enterprise Private Limited |
18,90,152 |
24.97 |
|
2 |
Satyesh Prochem LLP |
12,75,777 |
16.85 |
|
3 |
Parthiv Falgunbhai Patel |
11,89,100 |
15.71 |
|
4 |
Scabious Enterprise LLP |
4,20,831 |
5.56 |
|
5 |
Falgunbhai Chimanbhai Patel |
3,86,350 |
5.10 |
|
6 |
Saintfoin Enterprise LLP |
2,98,857 |
3.95 |
|
7 |
Falgunbhai Chimanbhai Patel (HUF) |
1,85,300 |
2.45 |
|
8 |
Ritaben Chimanbhai Patel |
10,350 |
0.14 |
|
9 |
Pannaben Falgunbhai Patel |
6,300 |
0.08 |
|
Total |
56,63,017 |
74.81 |
|
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholders |
No. of Shares held |
Shares as % of Total No. of Shares |
|
|
1 |
Anwesha Stock Trade Private Limited |
185100 |
2.45 |
|
|
2 |
Kamal Exports Private Limited |
175000 |
2.31 |
|
|
3 |
Sound Finlease Private Limited |
157600 |
2.08 |
|
|
4 |
Redwood Holding Private Limited |
153500 |
2.03 |
|
|
5 |
Seetha Kumari |
105450 |
1.39 |
|
|
6 |
Paramount Club LLP |
124765 |
1.65 |
|
|
Total |
901415 |
11.91 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in editing, printing and
publishing newspapers and periodicals, it is also involved in the real estate
and finance businesses. |
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Products/ Services : |
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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 : |
Not Available |
PRODUCTION STATUS:
NOT AVAILABLE
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 : |
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Manubhai and Shah Chartered Accountants |
|
Address : |
2nd Floor,
"B" Wing, Premium House, Near Gandhigram Railway Station, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : [As on 31.03.2014] |
Satlon
Enterprise Private Limited |
|
|
|
|
Enterprise over which Key Management
Personnel or company having control or significant influence : [As on 31.03.2014] |
·
Dhanali Stock Holdings Private Limited * ·
Sandesh Procon LLP ·
Saintfoin Enterprise LLP ·
Scabious Enterprise LLP ·
Satyesh Prochem LLP ·
Applewoods Estate Private Limited ·
Nilsan Realty LLP * ·
Autumnleaf Estates Private Limited * ·
Lilavati Chimanbhai Patel Charitable Trust ·
Aarav Salt and Chemicals Private Limited * ·
Aadesh Brine Private Limited * ·
Acquest Estates Private Limited * ·
Saujanya Developers *
No transaction during the year with the related parties. |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 75.694 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 |
|
|
|
|
|
|
7569421 |
Equity Shares |
Rs.10/- each |
Rs. 75.694 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
75.694 |
75.694 |
75.694 |
|
(b) Reserves & Surplus |
4467.023 |
3933.100 |
3510.492 |
|
(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) |
4542.717 |
4008.794 |
3586.186 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
44.207 |
52.423 |
58.493 |
|
(c) Other long term
liabilities |
80.747 |
75.547 |
74.059 |
|
(d) Long-term
provisions |
16.723 |
15.293 |
13.960 |
|
Total Non-current
Liabilities (3) |
141.677 |
143.263 |
146.512 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
100.283 |
561.587 |
676.762 |
|
(b) Trade
payables |
70.212 |
129.975 |
79.377 |
|
(c) Other
current liabilities |
597.811 |
586.622 |
536.682 |
|
(d) Short-term
provisions |
38.913 |
37.955 |
40.132 |
|
Total Current
Liabilities (4) |
807.219 |
1316.139 |
1332.953 |
|
|
|
|
|
|
TOTAL |
5491.613 |
5468.196 |
5065.651 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
702.085 |
679.092 |
740.445 |
|
(ii) Intangible
Assets |
5.600 |
5.600 |
5.600 |
|
(iii)
Capital work-in-progress |
7.102 |
2.461 |
2.155 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1588.022 |
1589.160 |
1589.160 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
500.812 |
714.708 |
225.783 |
|
(e) Other
Non-current assets |
615.124 |
453.658 |
287.160 |
|
Total Non-Current
Assets |
3418.745 |
3444.679 |
2850.303 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
118.173 |
0.000 |
0.000 |
|
(b)
Inventories |
605.956 |
314.793 |
251.591 |
|
(c) Trade
receivables |
564.455 |
511.644 |
501.046 |
|
(d) Cash
and cash equivalents |
208.802 |
380.209 |
273.202 |
|
(e)
Short-term loans and advances |
575.482 |
816.871 |
1189.509 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2072.868 |
2023.517 |
2215.348 |
|
|
|
|
|
|
TOTAL |
5491.613 |
5468.196 |
5065.651 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3081.279 |
3131.171 |
3067.587 |
|
|
|
Other Income |
381.268 |
16.244 |
32.805 |
|
|
|
TOTAL |
3462.547 |
3147.415 |
3100.392 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
1354.002 |
1294.656 |
1198.383 |
|
|
|
Purchase of Stock in Trade |
41.695 |
29.760 |
96.212 |
|
|
|
Employee benefits expenses |
264.940 |
230.789 |
207.739 |
|
|
|
Other Expenses |
820.788 |
748.883 |
753.345 |
|
|
|
TOTAL |
2481.425 |
2304.088 |
2255.679 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
981.122 |
843.327 |
844.713 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
43.197 |
80.707 |
53.781 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
937.925 |
762.620 |
790.932 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
79.780 |
78.388 |
81.420 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEMS |
0.541 |
(1.925) |
96.269 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
858.686 |
682.307 |
805.781 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
288.325 |
224.235 |
229.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
570.361 |
458.072 |
576.248 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
0.000 |
0.104 |
|
|
|
Miscellaneous income |
|
1.725 |
0.000 |
|
|
TOTAL EARNINGS |
NA
|
1.725 |
0.104 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
597.287 |
582.149 |
|
|
|
Capital Goods |
|
0.960 |
10.141 |
|
|
TOTAL IMPORTS |
NA
|
598.247 |
592.290 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
75.35 |
60.52 |
67.83 |
|
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 |
507.637 |
978.605 |
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2014 |
30.09.2014 |
31.12.2014 |
31.03.2015 |
|
Unaudited |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
|
Net
Sales |
842.700 |
846.900 |
897.050 |
866.300 |
|
Total
Expenditure |
613.000 |
608.700 |
677.950 |
581.840 |
|
PBIDT
(Excl OI) |
229.700 |
238.300 |
219.100 |
284.460 |
|
Other
Income |
1.800 |
1.800 |
3.100 |
2.920 |
|
Operating
Profit |
231.400 |
240.100 |
222.200 |
287.380 |
|
Interest |
21.000 |
11.400 |
8.360 |
2.470 |
|
Exceptional
Items |
0.000 |
0.000 |
(0.010) |
0.550 |
|
PBDT |
210.400 |
228.700 |
213.830 |
285.450 |
|
Depreciation |
17.000 |
18.400 |
18.000 |
19.830 |
|
Profit
Before Tax |
193.400 |
210.300 |
195.830 |
265.620 |
|
Tax |
60.100 |
74.200 |
62.560 |
91.480 |
|
Provisions
and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit
After Tax |
133.300 |
136.200 |
133.270 |
174.140 |
|
Extraordinary
Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior
Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other
Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net
Profit |
133.300 |
136.200 |
133.270 |
174.140 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
18.51 |
14.63 |
18.79 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
31.84 |
26.93 |
27.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.04 |
17.60 |
23.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.17 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.02 |
0.14 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.57 |
1.54 |
1.66 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
|
|
|
Market Value |
Rs. 525.50/- |
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 |
75.694 |
75.694 |
75.694 |
|
Reserves & Surplus |
3510.492 |
3933.100 |
4467.023 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3586.186 |
4008.794 |
4542.717 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
676.762 |
561.587 |
100.283 |
|
Total
borrowings |
676.762 |
561.587 |
100.283 |
|
Debt/Equity ratio |
0.189 |
0.140 |
0.022 |
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 |
3067.587 |
3131.171 |
3081.279 |
|
|
|
2.073 |
(1.593) |
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 |
3067.587 |
3131.171 |
3081.279 |
|
Profit |
576.248 |
458.072 |
570.361 |
|
|
18.79% |
14.63% |
18.51% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
10310660 |
24/05/2014 * |
950,000,000.00 |
YES BANK LIMITED |
NEHRU CENTER, 9TH
FLOOR, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MUMBAI,
MAHARASHTRA - 400018, INDIA |
C07318298 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans
and Advances from related parties |
|
|
|
i.
From Directors |
57.897 |
37.695 |
|
ii.
From Related Parties |
30.589 |
139.077 |
|
|
|
|
|
Total |
88.486 |
176.772 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
i.
Claims against the company not acknowledged as debt |
Amount not Determined |
Amount not Determined |
|
ii.
Disputed Income tax matters |
41.304 |
110.304 |
FIXED ASSETS:
Tangible Assets
· Land
· Building
· Plant and Machineries
· Electric Fittings
· Furniture
· Office Equipments
· Motor Vehicles
Intangible Assets
· Tenancy Right
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. 63.90 |
|
|
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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.