MIRA INFORM REPORT
|
Report No. : |
329536 |
|
Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GTV ENGINEERING LIMITED (w.e.f. 19.10.2006) |
|
|
|
|
Formerly Known
As : |
GWALIOR, TANKS AND VESSELS LIMITED |
|
|
|
|
Registered
Office : |
216-217-218, New Industrial Area - II, Mandideep – 462046, Madhya
Pradesh |
|
Tel. No.: |
91-7480-233068 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.12.1990 |
|
|
|
|
Com. Reg. No.: |
10-006122 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 31.239 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31102MP1990PLC006122 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLG01474E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG1792M |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. (Listed with Madhya Pradesh Stock Exchange) |
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|
|
|
Line of Business
: |
Manufacturer of heavy steel fabrications. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 680000 |
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|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company incorporated in the year 1990,
having satisfactory track. It is listed on regional stock exchange i.e. M.P. stock exchange, Delhi
Stock Exchange and Jaipur Stock Exchanges. As per financial year 2015, company has achieved significant increase
in its sales turnover and profit. Profitability seems to be fair. Balance sheet for the financial year ending on 31st March
2015 could not made available from any sources. However, as per available financial of 2014, company has sound
financial risk profile marked by fair net worth. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered for business dealings with usual trade
terms and conditions. (Note: Rating takes into consideration the available financials of
FY15 and FY14.) |
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 |
ICRA |
|
Rating |
Fund based limit = “BB-” (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
March 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based limit = “A4” (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
March 2015 |
Reason for Suspension: Absence of requisite information from the company
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 DENIED BY
|
Name : |
Me. Gajendra Patil |
|
Designation : |
Account Department |
|
Contact No.: |
91-7480-233068 |
|
Date : |
26.06.2015 |
LOCATIONS
|
Registered Office : |
216-217-218, New Industrial Area - II, Mandideep – 462046, Madhya
Pradesh, India |
|
Tel. No.: |
91-7480-233068/7480-401044 |
|
Fax No.: |
91-7480-233068 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Unit I : |
K-20-21-22, Industrial Area, Malanpur District, Bhind – 477117, Madhya
Pradesh, India |
|
|
|
|
Unit II : |
216-218, New Industrial Area – II, Mandideep – 462046, Bhopal, Madhya
Pradesh, India |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Mahesh Agrawal |
|
Designation : |
Managing Director |
|
DIN No.: |
00013139 |
|
|
|
|
Name : |
Mr. Gaurav Agrawal |
|
Designation : |
Executive Director |
|
DIN No.: |
00013176 |
|
|
|
|
Name : |
Mrs. Veena Agrawal |
|
Designation : |
Whole time Director |
|
DIN No.: |
00013166 |
|
|
|
|
Name : |
Mr. Jacob John |
|
Designation : |
Non executive Independent Director |
|
DIN No.: |
03116657 |
|
|
|
|
Name : |
Mr. Sukumaran Maniyan Naiyar |
|
Designation : |
Non executive Independent Director |
|
DIN No.: |
00273072 |
|
|
|
|
Name : |
Mr. Venkita Krishnan Iyer |
|
Designation : |
Non executive Independent Director |
|
DIN No.: |
03048980 |
KEY EXECUTIVES
|
Name : |
Me. Gajendra Patil |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of Shareholder |
Total
No. of Shares |
As a % |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
2323988 |
74.39 |
|
|
0.000 |
0.00 |
|
|
2323988 |
74.39 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
2323988 |
74.39 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
0.000 |
0.00 |
|
|
0.000 |
0.00 |
|
|
|
|
|
|
0.000 |
0.00 |
|
|
|
|
|
|
407800 |
13.05 |
|
|
392100 |
12.55 |
|
|
0.000 |
0.00 |
|
|
0.000 |
0.00 |
|
|
0.000 |
0.00 |
|
|
799900 |
25.61 |
|
Total Public shareholding (B) |
799900 |
25.61 |
|
Total (A)+(B) |
3123888 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
|
|
|
|
0.000 |
0.00 |
|
|
0.000 |
0.00 |
|
|
0.000 |
0.00 |
|
Total (A)+(B)+(C) |
3123888 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of heavy steel fabrications. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS (As on 31.03.2014)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Heavy steel fabrication item |
MT |
3060 |
3060 |
3470.537 |
|
Scrap |
MT |
-- |
-- |
1969.664 |
GENERAL INFORMATION
|
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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|
Auditors : |
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|
Name : |
Rath Dinesh and Associates Chartered Accountants |
|
|
|
|
Internal Auditor : |
Mr. Balram Saini |
|
Address : |
216-217-218, New Industrial Area-II, Madideep-462046, Bhopal, India |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3123888 |
Equity Shares |
Rs.10/- each |
Rs. 31.239
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 |
31.239 |
31.239 |
31.239 |
|
(b) Reserves & Surplus |
207.111 |
206.189 |
205.552 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
238.350 |
237.428 |
236.791 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.173 |
59.658 |
24.359 |
|
(b) Deferred tax liabilities (Net) |
0.488 |
0.488 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
50.676 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
61.337 |
60.146 |
24.359 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
26.221 |
12.895 |
43.036 |
|
(b) Trade
payables |
36.461 |
25.414 |
90.429 |
|
(c) Other
current liabilities |
122.998 |
59.278 |
64.428 |
|
(d) Short-term
provisions |
0.838 |
0.977 |
1.084 |
|
Total Current
Liabilities (4) |
186.518 |
98.564 |
198.977 |
|
|
|
|
|
|
TOTAL |
486.205 |
396.138 |
460.127 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
117.787 |
123.405 |
105.090 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
85.000 |
132.260 |
132.260 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.500 |
1.500 |
1.500 |
|
Total Non-Current
Assets |
204.287 |
257.165 |
238.850 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
118.024 |
62.506 |
149.924 |
|
(c) Trade
receivables |
89.997 |
54.103 |
17.382 |
|
(d) Cash
and cash equivalents |
9.795 |
7.780 |
17.039 |
|
(e) Short-term
loans and advances |
64.102 |
14.584 |
36.932 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
281.918 |
138.973 |
221.277 |
|
|
|
|
|
|
TOTAL |
486.205 |
396.138 |
460.127 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
281.620 |
304.271 |
307.452 |
|
|
|
Other Income |
0.765 |
1.359 |
0.952 |
|
|
|
TOTAL (A) |
282.385 |
305.630 |
308.404 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
299.299 |
176.186 |
298.579 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(69.603) |
66.562 |
(61.171) |
|
|
|
Employees benefits expense |
4.282 |
4.619 |
4.856 |
|
|
|
Other expenses |
38.898 |
47.869 |
53.282 |
|
|
|
TOTAL (B) |
272.876 |
295.236 |
295.546 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.509 |
10.394 |
12.858 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.235 |
4.846 |
7.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.274 |
5.548 |
5.330 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.126 |
4.028 |
4.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.148 |
1.520 |
1.177 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.226 |
0.883 |
0.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.922 |
0.637 |
0.883 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
115.737 |
115.100 |
114.217 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
116.659 |
115.737 |
115.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.30 |
0.20 |
0.28 |
|
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 |
(7.107) |
15.619 |
95.838 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.33 |
0.21 |
0.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.38 |
3.42 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.29 |
0.58 |
0.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15 |
0.31 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.41 |
1.11 |
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 |
31.239 |
31.239 |
31.239 |
|
Reserves & Surplus |
205.552 |
206.189 |
207.111 |
|
Net
worth |
236.791 |
237.428 |
238.350 |
|
|
|
|
|
|
long-term borrowings |
24.359 |
59.658 |
10.173 |
|
Short term borrowings |
43.036 |
12.895 |
26.221 |
|
Total
borrowings |
67.395 |
72.553 |
36.394 |
|
Debt/Equity
ratio |
0.285 |
0.306 |
0.153 |
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 |
307.452 |
304.271 |
281.620 |
|
|
|
(1.035) |
(7.444) |
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 |
307.452 |
304.271 |
281.620 |
|
Profit |
0.883 |
0.637 |
0.922 |
|
|
0.29% |
0.21% |
0.33% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
1.736 |
44.947 |
|
Total |
1.736 |
44.947 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10217185 |
12/05/2010 * |
190,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, LHO COMPLEX, HOSHANGABAD ROAD, BHOPAL, Madhya Pradesh
- 462011, INDIA |
A86900941 |
FINANCIAL
PERFORMANCE
The company has achieved a turnover of Rs.282.385 Million during the
year with net profitability of Rs.0.922 Million. The company’s income from
operating primarily includes proceeds from sale of Hi-tech Heavy Steel
Fabricated components. For detailed information on the financial performance
with respect to the operational performance, a reference may please be made to
the financial statements.
GLOBAL MARKET AND
OUTLOOK
The engineering sector is expected to grow in the future and has a
positive outlook owing to infrastructure development, favorable government
policies and new investments in power projects, metals, oil and gas and
petrochemicals industries. Further industrial and manufacturing growth will
boost growth in the engineering sector. As the export market offers more
opportunities to explore, India’s contribution in global engineering exports is
expected to increase. Emerging trends like outsourcing of engineering services
provide opportunities for growth. Engineering and design service such as new
product designing, product improvement, maintenance and design manufacturing
systems are getting increasingly outsourced to Asian countries like India. It
is estimated that by 2020 India can be a US$ 40 bn market for engineering
outsourcing services. In addition, department of commerce has set a target of
US$ 125 bn for engineering export in 2013-14. Thereafter, for the remaining
three years of the 12th five year plan, based on a CAGR of 20% for the
major sector of engineering exports except industrial machinery, electrical
machinery and shipbuilding the overall exports target for engineering exports
at the end of the 12th five year plan has been set at US$ 222 bn
thus, there are many opportunities for the Indian engineering sector.
ECONOMIC
OVERVIEW
The year 2013 was another year when was difficult to come by in all
major economic regions. According to the International Monetary fund’s world
economic published in April 2014, world output for 2013 grrew at 3.0 per cent
compared to 3.0 per cent in 2012, marred by underperformance in both developed
and emerging economies. There was marked improvement in the latter six months
of the year which saw a pick-up in growth driven amongst largely by the developed
countries. In, India 2013 was the second consecutive year of a sub five percent
growth for the economy. For the fiscal year 2013-14, GDP Growth was 4.7 per
cent only marginally better than the 4.5 per cent in the previous fiscal year.
The long term fundamentals of the Indian Economy continue to be strong
due to rising incomes an large investments.
These growth drivers are expected to sustain over a long period of time.
At the same time, there ae some concern due to uncertain global environment and
slow recovery in developed markets.
BUSINESS REVIEW
AND OUTLOOK
The fabrication sector forms a sub segment of the engineering industry
and is one of the smallest in terms of turnover. This is a highly fragmented
and labor intensive sector with medium and small scale industries heavily
dependent on a job work. Fabrication applies to the building of machine,
structures and other equipment by cutting shaping and assembling components
made from raw materials by using various mechanical process such as welding,
soldering, forging, brazing, forming, pressing, bending and stress removal.
Welding is a major process input in most fabrication jobs. Since the demand for
fabrication industry mainly caters to the sectors such as transportation,
packaging, consumer products and construction. The major user industry for the
fabrication sector is the general structural fabrication followed by the
railway and shipping, machine building and construction. Transportation sector
also continues to be one of the largest markets for sheet metal fabrication
followed by construction. Major players in the fabrication sector in India are
– Larson and Toubro (L&T), Sothern Structural, Bellary Steels, Binny Engg.,
Triveni Structural, Burn Standard and Ispat Profiles.
QUARTERLY
FINANCIAL RESULTS BY COMPANIES OTHER THAN BANKS
|
Sr. No |
Particulars |
Year to date figures for period ended |
|
|
31.03.2015 |
|||
|
Unaudited |
|||
|
1 |
Income From
Operations |
|
|
|
|
a. Net Sales/ Income from Operations (Net of Excise Duty) |
333.269 |
|
|
|
b. Other Operating Income |
1.149 |
|
|
|
Total Income from
Operations (Net) |
334.418 |
|
|
2 |
Expenditure |
|
|
|
|
a. Cost of material Consumed |
210.837 |
|
|
|
b. Purchase of Stock-in trade |
0.000 |
|
|
|
c. Changes in inventory of finished Goods, work- in-progress and Stock-in-trade |
59.250 |
|
|
|
d. Employees Benefit Expenses |
6.694 |
|
|
|
e. Depreciation and Amortisation Expenses |
5.392 |
|
|
|
f. Other expenses |
20.013 |
|
|
|
g. Manufacturing expenses |
23.773 |
|
|
|
Total Expenses |
325.959 |
|
|
3 |
Profit from
Operations before Other Income, Interest and Exceptional Items |
7.310 |
|
|
4 |
Other Income |
1.149 |
|
|
5 |
Profit from ordinary
activities before finance cost & exceptional items |
8.459 |
|
|
6 |
Finance Costs |
2.804 |
|
|
7 |
Profit from
ordinary activities after finance costs & exceptional items |
5.655 |
|
|
8 |
Exceptional items |
0.00 |
|
|
9 |
Profit from ordinary
activities before tax |
5.655 |
|
|
10 |
Tax Expense |
1.613 |
|
|
|
- Income Tax |
|
|
|
|
- Deferred Tax |
|
|
|
11 |
Net Profit from
ordinary activity after tax |
4.042 |
|
|
12 |
Extraordinary Items |
0.000 |
|
|
13 |
Net Profit After
Tax |
4.042 |
|
|
14 |
Paid-up equity share capital (face value of Rs.10 per share) |
312.38 |
|
|
15 |
Reserves excluding Revaluation Reserve as per balance sheet of previous accounting Year |
193.578 |
|
|
16 |
Earnings Per Share (of Rs.10 each) (not annualized) |
|
|
|
|
Basic and Diluted EPS |
1.29 |
|
|
A |
PARTICULARS OF
SHAREHOLDING |
|
|
|
17 |
Public Shareholding |
|
|
|
|
- No. of shares |
799900 |
|
|
|
- Percentage of shareholding |
25.61% |
|
|
18 |
Promoter &
Promoter Group Shareholding |
|
|
|
|
a) Pledged/Encumbered |
|
|
|
|
- No. of shares |
Nil |
|
|
|
- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group) |
Nil |
|
|
|
- Percentage of shareholding (as a % of the total share capital of the company) |
Nil |
|
|
|
b) Non-encumbered |
|
|
|
|
- No. of shares |
2323988 |
|
|
|
- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group) |
74.39% |
|
|
|
- Percentage of shareholding (as a % of the total share capital of the company) |
100.00% |
|
Notes:
1) The above results have been taken on record in the meeting of the Board of Directors of the Company held on 30.05.2015.
2) The Company does not have any Exceptional or Extraordinary item to report for the above period.
3) The above financial results were received and approved by the Audit Committee and Board of Directors approved the same at their meeting held on 30.05.2015, The statutory auditors of the Company have reviewed the said Results.
4) As per the requirements of the Companies Act, 2013, the company has computed depreciation with reference to the useful life of respective assets specified in and in the manner prescribed in Schedule ll to the Act. Accordingly, the assets whose useful life has already exhausted as on 1st April, 2014 has been charged to opening balance of retained earnings amounting to Rs. 162.87 Lacs. Further, based on the residual life of the remaining assets, depreciation amount reduced by Rs. 2.07 Lacs. ln relation to the assets added after 1stApril,2014, depreciation has been charged as per the provisions of the said schedule ll.
5) Figures have been re-grouped wherever necessary.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10217185 |
12/05/2010 * |
190,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, LHO COMPLEX, HOSHANGABAD ROAD, |
A86900941 |
*Date of charge modification
FIXED ASSETS
- Land and Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer Equipments
- Other 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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ART/ JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
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 |
No |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.