MIRA INFORM REPORT
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Report No. : |
310584 |
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Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
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Name : |
AMBICA STEELS
LIMITED |
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Registered
Office : |
C-54/1, Mezzanie Floor, Wazirpur Industrial Area, New
Delhi - 110052 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.07.1970 |
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Com. Reg. No.: |
55-005345 |
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Capital
Investment / Paid-up Capital : |
Rs. 116.358 Million |
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CIN No.: [Company Identification
No.] |
U27109DL1970PLC005345 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELA13737D |
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PAN No.: [Permanent Account No.] |
AAACA9942Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of steel products, Iron, steel, steel metal
products, tools, electrical and mechanical machines, sugar, cotton, oil seeds
machinery and fittings. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered normal for business dealing at usual
trade terms and condition. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATINGS AND RESEARCH |
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Rating |
Long term rating “BBB-’’ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
August 07, 2014 |
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Rating Agency Name |
INDIA RATINGS AND RESEARCH |
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Rating |
Short term rating “A3” |
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Rating Explanation |
Moderate degree of safety and higher credit risk. |
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Date |
August 07, 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
31-03-2014.
INFORMATION DECLINED
Management non co-operative (91-11-47034400)
LOCATIONS
|
Registered Office / Corporate Office : |
C-54/1, Mezzanie Floor, Wazirpur Industrial Area, New
Delhi - 110052, India |
|
Tel. No.: |
91-11-47034400 (30 lines) |
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Fax No.: |
91-11-47034450 |
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E-Mail : |
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Website : |
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Factory 1 / Melting, Refining and Casting Division: |
Plot no.51/2, Site – 4, UPSIDC Industrial Area, Sahibabad – 201010,
District Ghaziabad, Uttar Pradesh, India. |
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Tel. No.: |
91-120-4189300 (30 lines) |
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Fax No.: |
91-120-4189399 |
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Factory 2 : |
Plot No. 32, Site-2, Loni Road, Industrial Area, Mohan Nagar,
Ghaziabad – 201007, Uttar Pradesh, India. |
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Tel. No.: |
91-120-4189200 (30 lines) |
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Fax No.: |
91-120-4189222 |
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Factory 3 : |
Plot No. 30, Site -4, UPSIDC Industrial Area, Sahibabad – 201010,
District Ghaziabad, Uttar Pradesh, India. |
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Tel. No.: |
91-120-4564585 (4 lines) |
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Godown 1 : |
Plot No 935, Road No.10, Village Kalamboli Taluka Panvel, Distt.
Raigad, Navi Mumbai, Maharashtra, India |
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Godown 2 : |
Plot No. 845 G, Village Kalamboli Taluka Panvel, Distt. Raigad, Navi
Mumbai, Maharashtra, India |
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Godown 3 : |
A-13, Central Market, RBH Colony Bhiwadi, Rajasthan, India |
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Godown 4 : |
G-642, Basni, Phase-II, Jodhpur-342005, Rajasthan, India |
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Overseas Office : |
Located at:
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DIRECTORS
As on 31.03.2014
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Name : |
Mr. Mahender Pal Gupta |
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Designation : |
Whole Time Director |
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Address : |
B-29, Phase – I, Ashok Vihar, Delhi – 110052, India |
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Date of Birth/Age : |
06.04.1938 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AAQPG3533J |
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DIN No. : |
00009803 |
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Other
Directorship :
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Name : |
Mr. Mahesh Gupta |
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Designation : |
Whole-Time Director |
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Address : |
Flat No. 603 D – II, Omaxe Royal, Residency, Sec. – 44, Noida –
201303, Uttar Pradesh, India |
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Date of Birth/Age : |
30.03.1970 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AAIPG5152D |
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DIN No. : |
00009849 |
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Other
Directorship :
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Name : |
Mr. Ajay Kumar |
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Designation : |
Whole Time Director |
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Address : |
C-72 IInd Floor, East of Kailash, New Delhi – 110065, India |
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Date of Birth/Age : |
01.02.1965 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
ALSPK9944J |
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DIN No. : |
00009973 |
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Other
Directorship :
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Name : |
Mr. Chander Parkash Tri Bhawan Gupta |
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Designation : |
Managing Director |
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Address : |
H. No. 9, East Avenue Road, East Punjabi Bah, Delhi, - 110026, India |
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Date of Birth/Age : |
12.10.1960 |
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Date of Appointment : |
29.07.2014 |
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PAN No.: |
ABLPC7455P |
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DIN No. : |
01715253 |
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Other
Directorship :
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Name : |
Mr. Satya Parkash Tyagi |
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Designation : |
Whole Time Director |
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Address : |
F-103, Alakhnanda Apartment, Rampuri, Gaziabad, (Utter Pradesh), India |
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Date of Birth/Age : |
01.01.1960 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
ADTPT1485A |
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DIN No. : |
01736605 |
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KEY EXECUTIVES
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Name : |
Mrs. Seema Kumari |
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Designation : |
Secretary |
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Address : |
House No.1595, F/F, Saini Basti, Kotla Mubarakpur, New Delhi – 110003,
India |
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Date of Birth : |
25.01.1984 |
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Date of Appointment : |
16.08.2013 |
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Pan No : |
AYXPK5530G |
MAJOR SHAREHOLDERS
As on 31.03.2014
|
Names of Shareholders |
No. of Shares |
|
Mahender Pal (HUF) |
35450 |
|
Mahender Pal Gupta |
96820 |
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Seema Gupta |
86900 |
|
Chander Prakash Gupta |
333890 |
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Chander Prakash (HUF) |
34200 |
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Anand Swarup Gupta |
124600 |
|
Mahesh Gupta |
51000 |
|
Ajay Kumar Singhal |
20000 |
|
Uphar Steels Limited |
102100 |
|
Futureplan Industrial Private Limited |
77850 |
|
Ashish Bansal |
1200 |
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Swati Gupta |
46290 |
|
Ramesh Kumar |
4000 |
|
Suman Singhal |
5000 |
|
Anand Gupta HUF |
58020 |
|
Ajay Kumar and Sons HUF |
5000 |
|
Sunita Singhal |
8000 |
|
Richa Gupta |
13000 |
|
Narender Mohan Gupta |
17500 |
|
Anuj Singhal |
8300 |
|
Abhinav Gupta |
19000 |
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Ankush Singhal |
5360 |
|
M R Gupta and Sons HUF |
100 |
|
Mahesh Gupta HUF |
10000 |
|
Total |
1163580 |
As on 31.03.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
15.46 |
|
Directors or relatives of Directors |
84.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of steel products, Iron, steel, steel metal
products, tools, electrical and mechanical machines, sugar, cotton, oil seeds
machinery and fittings. |
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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 = 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 : |
(Rs.
In Million)
|
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Auditors : |
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|
Name : |
Rajindera K. Goel and Company Chartered Accountants |
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Address : |
J 288, Ground Floor, Saket, New Delhi – 110017, India |
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Tel. No.: |
91-11-26531642/29555354 |
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Fax No.: |
91-11-29555036 |
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Pan No.: |
AAEFR3835Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company : |
World Metal Recycling Limited, India CIN: U37100DL2010PLC204397 |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.100/- each |
Rs. 120.000 Million |
|
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1163580 |
Equity Shares |
Rs.100/- each |
Rs. 116.358 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
116.358 |
116.358 |
116.358 |
|
(b) Reserves & Surplus |
847.780 |
751.298 |
692.213 |
|
(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) |
964.138 |
867.656 |
808.571 |
|
|
|
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|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
336.689 |
257.144 |
219.804 |
|
(b) Deferred tax liabilities
(Net) |
122.756 |
97.967 |
68.829 |
|
(c) Other long term
liabilities |
26.290 |
78.857 |
42.541 |
|
(d) long-term provisions |
13.850 |
8.324 |
6.641 |
|
Total
Non-current Liabilities (3) |
499.585 |
442.292 |
337.815 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1490.726 |
1109.683 |
1029.237 |
|
(b) Trade payables |
298.235 |
247.446 |
362.647 |
|
(c) Other current liabilities |
148.579 |
159.330 |
159.977 |
|
(d) Short-term provisions |
18.220 |
9.923 |
13.322 |
|
Total
Current Liabilities (4) |
1955.760 |
1526.382 |
1565.183 |
|
|
|
|
|
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TOTAL |
3419.483 |
2836.330 |
2711.569 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1062.018 |
1005.566 |
721.842 |
|
(ii) Intangible Assets |
0.987 |
1.618 |
1.712 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
184.744 |
|
(iv) Intangible assets under
development |
0.000 |
12.630 |
0.000 |
|
(b) Non-current Investments |
21.263 |
21.263 |
21.263 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.144 |
33.724 |
49.345 |
|
(e) Other Non-current assets |
18.638 |
15.208 |
13.708 |
|
Total
Non-Current Assets |
1135.050 |
1090.009 |
992.614 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
797.384 |
679.864 |
649.900 |
|
(c) Trade receivables |
896.293 |
729.306 |
789.830 |
|
(d) Cash and cash equivalents |
164.313 |
100.698 |
102.106 |
|
(e) Short-term loans and
advances |
418.940 |
230.523 |
169.499 |
|
(f) Other current assets |
7.503 |
5.930 |
7.620 |
|
Total
Current Assets |
2284.433 |
1746.321 |
1718.955 |
|
|
|
|
|
|
TOTAL |
3419.483 |
2836.330 |
2711.569 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5327.534 |
4458.207 |
5075.572 |
|
|
Other Income |
24.373 |
19.854 |
17.664 |
|
|
TOTAL
(A) |
5351.907 |
4478.061 |
5093.236 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3838.706 |
3397.032 |
3532.161 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(60.447) |
(154.273) |
217.051 |
|
|
Employees benefits expense |
163.123 |
112.537 |
80.766 |
|
|
Other expenses |
1043.960 |
817.775 |
850.453 |
|
|
TOTAL
(B) |
4985.342 |
4173.071 |
4680.431 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
366.565 |
304.990 |
412.805 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
156.474 |
159.566 |
224.321 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
210.091 |
145.424 |
188.484 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
63.494 |
56.880 |
48.326 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
146.597 |
88.544 |
140.158 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
50.115 |
29.460 |
45.729 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
96.482 |
59.084 |
94.429 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1811.197 |
1029.613 |
1463.481 |
|
|
Freight |
|
|
|
|
|
Insurance |
|
|
|
|
|
TOTAL
EARNINGS |
1811.197 |
1029.613 |
1463.481 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
235.543 |
1584.09 |
1476.198 |
|
|
Components and Stores parts |
32.401 |
9.379 |
8.067 |
|
|
Capital Goods |
0.000 |
90.217 |
130.154 |
|
|
TOTAL
IMPORTS |
267.944 |
1683.686 |
1614.419 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
82.92 |
50.78 |
81.15 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.81 |
1.33 |
1.86 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
6.88 |
6.84 |
8.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.31 |
3.16 |
5.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.10 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.90 |
1.58 |
1.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.14 |
1.10 |
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 |
116.358 |
116.358 |
116.358 |
|
Reserves & Surplus |
692.213 |
751.298 |
847.780 |
|
Net
worth |
808.571 |
867.656 |
964.138 |
|
|
|
|
|
|
long-term borrowings |
219.804 |
257.144 |
336.689 |
|
Short term borrowings |
1029.237 |
1109.683 |
1490.726 |
|
Total
borrowings |
1249.041 |
1366.827 |
1827.415 |
|
Debt/Equity
ratio |
1.545 |
1.575 |
1.895 |
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 |
5075.572 |
4458.207 |
5327.534 |
|
|
|
-12.163 |
19.499 |
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 |
5075.572 |
4458.207 |
5327.534 |
|
Profit |
94.429 |
59.084 |
96.482 |
|
|
1.86% |
1.33% |
1.81% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
REPORT
ON STRATEGIC BUSINESS UNITS AND EXPANSION PROJECTS
During the year,
the Company has recorded higher turnover and operating income over the previous
year and after provisioning of taxes, the company has been able to achieve more
accruals during the year for the shareholders.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and
Advances from related parties |
120.780 |
113.750 |
|
|
|
|
|
Total |
120.780 |
113.750 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10374750 |
28/06/2013 * |
2,244,500,000.00 |
ORIENTAL BANK OF COMMERCE |
IFB BRANCH A-30-33
A BLOCK, CONNAUGHT PLACE, NEW |
B81968703 |
|
2 |
10374748 |
24/08/2012 |
105,000,000.00 |
ORIENTAL BANK OF COMMERCE |
A-BLOCK, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
B57384877 |
|
3 |
10280902 |
02/03/2011 |
207,000,000.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
DELHI, INDIA, NEW DELHI, Delhi - 110001, INDIA |
B10734747 |
|
4 |
10250714 |
29/09/2010 |
100,000,000.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
DELHI, INDIA, NEW DELHI, Delhi - 110001, INDIA |
A98936164 |
|
5 |
10188276 |
08/10/2009 |
75,000,000.00 |
ORIENTAL BANK OF COMMERCE |
30-33 IST FLOOR, A-BLOCK CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A74037995 |
|
6 |
10188275 |
08/10/2009 |
1,125,000,000.00 |
ORIENTAL BANK OF COMMERCE |
30-33 IST FLOOR, A-BLOCK CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A74037599 |
|
7 |
10185232 |
25/09/2009 |
180,000,000.00 |
ORIENTAL BANK OF COMMERCE |
30-33, 1ST FLOOR, A-BLOCK, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A73260861 |
|
8 |
10144597 |
10/02/2009 |
272,500,000.00 |
Bank of Baroda |
Corporate Financial Services Branch, 16, Sansad Marg, New Delhi, Delhi - 110001, INDIA |
A57633570 |
|
9 |
10135761 |
24/12/2008 |
2,496,300,000.00 |
ORIENTAL BANK OF COMMERCE |
30-33, IST FLOOR, A-BLOCK, CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
A53813952 |
|
10 |
10098733 |
20/03/2008 |
135,000,000.00 |
ORIENTAL BANK OF COMMERCE |
HARSHA BHAWAN, E-BLOCK,, CONNAUGHT PLACE,, NEW DELHI, Delhi - 110001, INDIA |
A36765592 |
* Date of charge modification
FIXED ASSETS
- Land and Ware House
- Plant and Machinery
- Pollution Control Equipments
- Building
- Electric Installation
- Rolls
- Office Equipment
- Truck
- Furniture and Fixture
- Tools
- Scooter
- Car
- Computer
- Cycle
- Office complex (DLF)
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.61.82 |
|
|
1 |
Rs.95.26 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--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.