MIRA INFORM REPORT
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Report No. : |
310686 |
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Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
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Name : |
HIND ALUMINIUM
INDUSTRIES LIMITED (w.e.f. 07.09.2007) |
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Formerly Known
As : |
ASSOCIATED PROFILES AND ALUMINIUM LIMITED |
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Registered
Office : |
B-1, Tulsi Vihar, Dr. Annie Besant Road, Worli Naka, Mumbai – 400018,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.05.1987 |
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Com. Reg. No.: |
11-043472 |
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Capital
Investment / Paid-up Capital : |
Rs.63.002 Million |
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CIN No.: [Company Identification
No.] |
L28920MH1987PLC043472 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Muma20110g |
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PAN No.: [Permanent Account No.] |
Aaaca4671q |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Aluminium Wires and Conductors |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (50) |
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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 record. There seems some dip in the profit of the company during F.Y.2014
however networth of the company is satisfactory. General financial position
of the company is good. Trade relations are reported as 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 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 |
CRISIL |
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Rating |
Long term rating=BBB+ |
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Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
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Date |
10.09.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating=A2 |
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Rating Explanation |
Strong degree of safety. It carry low credit
risk. |
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Date |
10.09.2014 |
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 DENIED BY
|
Name : |
Mr. Mahendra Kumar Jain |
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Designation : |
Chief Financial Officer |
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Contact No.: |
91-22-40457100 |
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Date : |
03.03.2015 |
LOCATIONS
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Registered Office : |
B-1, Tulsi Vihar, Dr. Annie Besant Road, Worli Naka, Mumbai – 400018,
Maharashtra, India |
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Tel. No.: |
91-22-24945178/ 40457100/ 24971237 |
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Fax No.: |
91-22-24936888/ 24903573 |
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E-Mail : |
infornt@computronicsindia.com |
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Website : |
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Wind Turbine Generations 1 : |
Gut N0.59-1/A, Village; Akhtwade, District
Nandurbar, Maharashtra, India |
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Wind Turbine
Generations 2 : |
Location No. 275, Survey No.818 of Village
Narasewadi, Taluka Tasgaon, District Sangli, Maharashtra, India |
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Factory : |
Survey No.1/2, Village Khutali, Khanvel -
Doodhani Road, Near Khanvel, District Silvassa – 396230, Dadra and Nagar
Haveli (Union Territory) |
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Tel. No.: |
91-260-2677343/ 3252444/ 3203060/ 2677833 |
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Fax No.: |
91-260-2677361 |
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E-Mail : |
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Minerals Division |
5, Aishwarya Residency,
G.E. Road, Telebandha, Raipur – 492001, Chhattisgarh, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Lalit Kumar Daga |
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Designation : |
Chairman |
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Address : |
5-B, Purshottam Bhavan, Little Gibbs Road, Mumbai - 400006, Maharashtra,
India |
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Date of Birth/Age : |
10.10.1942 |
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Date of Appointment : |
12.05.1987 |
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Qualification : |
B Com |
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PAN No.: |
APTPD1808K |
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DIN No.: |
00089905 |
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Name : |
Mr. Shailesh Daga |
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Designation : |
Managing Director |
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Address : |
5-B, Purshottam Bhavan, Little Gibbs Road, Mumbai - 400006,
Maharashtra, India |
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Date of Birth/Age : |
19.03.1968 |
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Date of Appointment : |
12.05.1987 |
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Qualification : |
MBA |
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PAN No.: |
AFDPD9153P |
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DIN No.: |
00074225 |
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Name : |
Mr. Sudhir Goel |
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Designation : |
Director |
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Address : |
301-B, Sanjeev Enclave, 7 Bunglow, Versova, Andheri (West), Mumbai -
400 026, Maharashtra, India |
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Date of Birth/Age : |
20.07.1949 |
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Date of Appointment : |
12.05.1987 |
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Qualification : |
FCA |
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DIN No.: |
00074455 |
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Name : |
Mr. Navin Shah |
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Designation : |
Director |
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Name : |
Mr. Sundeep Mohta |
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Designation : |
Director |
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Address : |
23, Kali Krishna Tagore Street, Kolkata- 700 007, West Bengal, India |
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Date of Birth/Age : |
03.03.1970 |
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Date of Appointment : |
10.06.2003 |
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DIN No.: |
00426001 |
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Name : |
Mr. Narayan Das Mundhra |
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Designation : |
Director |
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Address : |
Flat No.3-A, Gyan Apartments, Old No.19, New No.38, Venkatraman, T.
Nagar, Chennai - 600017, Tamilnadu, India |
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Date of Birth/Age : |
30.04.2009 |
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Date of Appointment : |
05.10.1955 |
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DIN No.: |
02634287 |
KEY EXECUTIVES
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Name : |
Mr. Kailash Agarwal |
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Name : Designation : |
Unit Incharge –Wire Rod & Conductor Division |
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Name : |
Mr. Mahendra Kumar Jain |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. Santosh L.Baghel |
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Designation : |
General Manager-Works; Wire Rod & Conductor Division |
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Name : |
Mr. Prem Sharma |
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Designation : |
General Manager, Marketing - Conductor Division |
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Name : |
Mr. Mahendra H Karia |
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Designation : |
General Manager-Commercial |
SHAREHOLDING PATTERN
AS ON 31.12.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
(1) Indian |
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|
|
Individuals / Hindu Undivided Family |
1925360 |
30.56 |
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|
1988592 |
31.56 |
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|
3913952 |
62.12 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
3913952 |
62.12 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
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|
468049 |
7.43 |
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|
|
|
|
Individual shareholders holding nominal share capital up
to Rs.0.100 Million |
1020055 |
16.19 |
|
Individual shareholders holding nominal share capital in
excess of Rs. 0.100 Million |
872385 |
13.85 |
|
|
25759 |
0.41 |
|
|
16974 |
0.27 |
|
|
8785 |
0.14 |
|
|
2386248 |
37.88 |
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Total Public shareholding (B) |
2386248 |
37.88 |
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Total (A)+(B) |
6300200 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
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|
0 |
0.00 |
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Total (A)+(B)+(C) |
6300200 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Lalit Kumar Daga |
5,95,616 |
9.45 |
|
Sheela Daga |
5,54,636 |
8.80 |
|
Raghav Daga |
2,51,276 |
3.99 |
|
Shailesh Daga |
2,50,982 |
3.98 |
|
L K Daga & Sons HUF |
1,10,000 |
1.75 |
|
Lalit Shailesh Daga |
1,07,000 |
1.70 |
|
Rashmi Daga |
55,850 |
0.89 |
|
Associated Aluminium Industries Private Limited |
4,08,244 |
6.48 |
|
Associated Non Ferrous Metals Private Limited |
3,36,850 |
5.35 |
|
Dynavent Airsystems Private Limited |
3,10,000 |
4.92 |
|
Shubhmangal Portfolio Private Limited |
2,99,980 |
4.76 |
|
Nirav Commercials Ltd |
2,48,518 |
3.94 |
|
Daga Rubber Works Private Limited |
2,17,500 |
3.45 |
|
Daga Capital Managment Private Limited |
1,67,500 |
2.66 |
|
Total |
39,13,952 |
62.12 |
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
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Gautam Rasiklal Ashra |
300000 |
4.76 |
|
Anand Rathi Capital Advisor Private Limited |
230000 |
3.65 |
|
Four Dimensions Capital Markets Private Limited |
170000 |
2.70 |
|
Dipak Kanayalal Shah |
75000 |
1.19 |
|
Total |
775000 |
12.30 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Aluminium Wires and Conductors |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
NOTE: Long Term
Borrowings A] Securities for Term Loans : a) Secured by hypothecation of Lease hold land, Fixed Assets. b) Secured by hypothecation of Motor Cars. c) First and exclusive charge by way of Hypothecation of Plant & Machinery situated at Village Khutali, Khanvel, Silvassa and Factory Land and Building situated at Kachigam Road, Daman. First and exclusive charge by way of Equitable mortgage of Factory Land and Building situated at village Khutali, Khanvel, Silvassa and Kachigam Road, Daman. Second charge by way of Equitable mortgage of Residential property situated at Lalit Vihar, Village Khanvel, Dist. Silvassa. First and exclusive charge by way of Equitable mortgage of Residential property situated at Antony Apts & Swagat Bldg.at Daman, Rajanigandha Apts, Vapi and Lalit Vihar, Silvassa. B] Terms of repayment : a) In equal Quarterly Installment b) Monthly EMI c) 20 equal quarterly installment starting after three months from the date of first disbursement. C] There are no defaults in repayment of loan and interest thereon as on March 31, 2014 for all the loans under this head. Short Term
Borrowings A. First charge by way of hypothecation of entire stock of Raw materials, Work in process, Finished stock & Book debts and second charge on Plant & Machinery, Factory & Residential Building, at Silvassa. B. Secured by way of Pari Passu Charge on all present and future current assets of the Company. C. Secured by Hypothecations of all chargeable current assets of the company on Pari Passu basis with other working capital lenders. First charge by way of Equitable mortgage over Factory land and Hypothecations of Plant & Machinery of the WTG located at No. 275, surve No. 818 of Village Narsewadi, Dist. Sangli. First charge by way of Hypothecation of Plant & Machinery of the company purchased and to be purchased out of bank's finances at Village Khutali, Khanvel, Silvassa. D. There are no defaults in repayment of loan and interest thereon as on March 31, 2014 for all the loans under this head. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A J Baliya and Associates Chartered Accountants
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Address : |
1, Gala Towers, B B Marg, Chinchpokli (East), Mumbai - 400 012,
Maharashtra, India |
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PAN No.: |
AAAFA8300P |
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Membership : |
-- |
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Associates : |
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Subsidiary Company
: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
Rs.10/- each |
Rs.65.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6300200 |
Equity Shares |
Rs.10/- each |
Rs.63.002 Million |
|
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|
A. The reconciliation of the number of Shares outstanding:
|
Equity Shares |
Number of Shares |
|
Number of shares at the beginning |
6300200 |
|
Number of shares at the end |
6300200 |
B. The equity shareholders of the Company are entitled to receive final dividend as declared and approved by the Board of Directors and/or the shareholders of the Company. The dividend so declared will be in proportion to the number of equity shares held by the shareholders.
C. In the event of the liquidation of the Company, equity shareholders will be entitled to receive remaining assets of the company after distribution of all preference shareholders. However, no such Preference share capital exist during the year. The distribution will in proportion to the number of equity shares held by the shareholders.
D. Details of Share Holders holding more than 5% of Equity Shares of the Company as at 31st March, 2014 are as under:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Lalit Kumar Daga |
595616 |
9.45 |
|
Sheela Daga |
545080 |
8.65 |
|
Associated Aluminium Industries Private Limited |
408244 |
6.48 |
|
Associated Non-Ferrous Metals Private Limited |
336850 |
5.35 |
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 |
63.002 |
63.002 |
63.002 |
|
(b) Reserves & Surplus |
511.184 |
463.601 |
410.652 |
|
(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) |
574.186 |
526.603 |
473.654 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
39.349 |
46.053 |
41.891 |
|
(b) Deferred tax liabilities (Net) |
33.323 |
27.963 |
33.509 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
72.672 |
74.016 |
75.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
387.693 |
492.732 |
660.252 |
|
(b) Trade
payables |
297.404 |
245.802 |
145.179 |
|
(c) Other
current liabilities |
95.963 |
70.787 |
46.489 |
|
(d) Short-term
provisions |
11.250 |
11.197 |
11.143 |
|
Total Current
Liabilities (4) |
792.310 |
820.518 |
863.063 |
|
|
|
|
|
|
TOTAL |
1439.168 |
1421.137 |
1412.117 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
241.987 |
188.044 |
214.164 |
|
(ii)
Intangible Assets |
0.517 |
0.606 |
0.613 |
|
(iii)
Capital work-in-progress |
0.000 |
32.064 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
112.249 |
76.859 |
30.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
101.482 |
98.333 |
84.886 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
456.235 |
395.906 |
329.765 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
157.629 |
198.894 |
140.994 |
|
(c) Trade
receivables |
713.043 |
656.960 |
706.292 |
|
(d) Cash
and cash equivalents |
78.128 |
131.510 |
206.268 |
|
(e)
Short-term loans and advances |
22.135 |
17.377 |
9.193 |
|
(f) Other
current assets |
11.998 |
20.490 |
19.605 |
|
Total Current
Assets |
982.933 |
1025.231 |
1082.352 |
|
|
|
|
|
|
TOTAL |
1439.168 |
1421.137 |
1412.117 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4417.657 |
4330.306 |
4072.891 |
|
|
|
Other Income |
31.268 |
46.479 |
33.204 |
|
|
|
TOTAL (A) |
4448.925 |
4376.785 |
4106.095 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3992.200 |
3995.314 |
3633.791 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
2.810 |
(28.393) |
124.953 |
|
|
|
Employee Benefits Expenses |
31.153 |
23.801 |
20.561 |
|
|
|
Other Expenses |
246.884 |
191.047 |
161.815 |
|
|
|
TOTAL (B) |
4273.047 |
4181.769 |
3941.120 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
175.878 |
195.016 |
164.975 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.131 |
77.459 |
53.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
114.747 |
117.557 |
111.417 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
35.105 |
30.597 |
29.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
79.642 |
86.960 |
82.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
21.002 |
22.954 |
16.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
58.640 |
64.006 |
66.021 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.31 |
10.16 |
10.48 |
|
QUARTERLY RESULTS
(Rs.
In Million)
|
Particulars |
30.06.2014 (Unaudited) |
30.09.2014 (Unaudited) |
31.12.2014 (Unaudited) |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
811.700 |
1008.400 |
1052.100 |
|
Total Expenditure |
791.000 |
972.900 |
1024.100 |
|
PBIDT (Excl OI) |
20.800 |
35.600 |
28.000 |
|
Other Income |
08.700 |
01.700 |
5.600 |
|
Operating Profit |
29.500 |
37.200 |
33.600 |
|
Interest |
13.200 |
6.800 |
12.000 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
16.300 |
30.400 |
21.600 |
|
Depreciation |
07.700 |
08.100 |
8.000 |
|
Profit Before Tax |
08.700 |
22.400 |
13.600 |
|
Tax |
0.000 |
06.500 |
5.700 |
|
Profit After Tax |
08.700 |
15.800 |
8.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.33 |
1.48 |
1.62 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.98 |
4.50 |
4.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.00 |
6.63 |
5.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
1.02 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.25 |
1.25 |
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 |
63.002 |
63.002 |
63.002 |
|
Reserves & Surplus |
410.652 |
463.601 |
511.184 |
|
Net
worth |
473.654 |
526.603 |
574.186 |
|
|
|
|
|
|
long-term borrowings |
41.891 |
46.053 |
39.349 |
|
Short term borrowings |
660.252 |
492.732 |
387.693 |
|
Total
borrowings |
702.143 |
538.785 |
427.042 |
|
Debt/Equity
ratio |
1.482 |
1.023 |
0.744 |
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 |
4072.891 |
4330.306 |
4417.657 |
|
|
|
6.320 |
2.017 |
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
|
4072.891 |
4330.306 |
4417.657 |
|
Profit |
66.021 |
64.006 |
58.640 |
|
|
1.62% |
1.48% |
1.33% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS NOT AVAILABLE
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Million |
31.03.2013 Rs.
In Million |
|
Short Term
Borrowings |
|
|
|
Adiya Birla Finance Limited |
72.739 |
20.747 |
|
|
|
|
|
Total |
72.739 |
20.747 |
REVIEW OF
OPERATIONS
During the year 2013-2014 total revenue of the Company is Rs.4448.900 Million as compared to Rs.4376.800 Million in the previous year. The net profit is Rs.58.600 Million as compared to Rs.64.000 Million in the previous year.
UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2014
Rs. In Million
|
Particulars |
Quarter Ended |
Nine Months Ended |
|
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
|
(UNAUDITED) |
||
|
Net Sales/ Income from Operations |
1027.562 |
992.860 |
2819.102 |
|
Other Operating Income |
24.530 |
15.568 |
53.148 |
|
Total income
from operation |
1052.092 |
1008.428 |
2872.250 |
|
Expenditure |
|
|
|
|
a) Cost of Materials Consumed |
995.417 |
965.974 |
2722.105 |
|
b) Purchase of Stock in trade |
-- |
-- |
-- |
|
c) Change in inventories of finished goods, work in progress & stock in trade |
(44.571) |
(58.798) |
(124.526) |
|
d) Employee benefits expense |
10.231 |
8.845 |
27.242 |
|
e) Depreciation and amortization expense |
8.015 |
8.065 |
23.736 |
|
f) Other expenses |
62.989 |
56.828 |
163.050 |
|
Total |
1032.081 |
980.914 |
2811.607 |
|
Profit from
operations before Other Income, Interest and Exceptional Items |
20.011 |
27.514 |
60.643 |
|
Other Income |
5.601 |
1.658 |
15.967 |
|
Profit before Interest and Exceptional Items |
25.612 |
29.172 |
76.610 |
|
Interest |
11.995 |
6.804 |
31.955 |
|
Profit after Interest but before Exceptional Items |
13.617 |
22.368 |
44.655 |
|
Exceptional Items |
-- |
-- |
-- |
|
Profit (+)/ Loss (-) from Ordinary Activities before tax |
13.617 |
22.368 |
44.655 |
|
Tax expense |
5.650 |
6.529 |
12.179 |
|
Net Profit (+)/ Loss (-) from Ordinary Activities after tax |
7.967 |
15.839 |
32.476 |
|
Paid-up equity share capital (Face value of Rs.10/- each) |
63.002 |
63.002 |
63.002 |
|
Reserves excluding Revaluation Reserves as per balance sheet of
previous accounting year |
-- |
-- |
-- |
|
Earnings per
share |
|
|
|
|
Before Extraordinary items (not annualized) |
-- |
-- |
-- |
|
- Basic (Rs.) |
-- |
-- |
-- |
|
- Diluted (Rs.) |
-- |
-- |
-- |
|
|
|||
|
Public Shareholding |
|
|
|
|
- No. of shares |
2386248 |
2386248 |
2386248 |
|
- Percentage of shareholding |
37.88 |
37.88 |
37.88 |
|
Promoters and promoter group shareholding |
|
|
|
|
Pledged/ Encumbered |
|
|
|
|
- No. of shares |
-- |
-- |
-- |
|
- Percentage of shares (as a % of the total shareholding of promoter & promoter group) |
-- |
-- |
-- |
|
- Percentage of shares (as a % of the total share capital of the company) |
-- |
-- |
-- |
|
Non-encumbered |
|
|
|
|
- No. of shares |
3913952 |
3913952 |
3913952 |
|
- Percentage of shares (as a % of the total shareholding of promoter & promoter group) |
100.00 |
100.00 |
100.00 |
|
- Percentage of shares (as a % of the total share capital of the company) |
62.12 |
62.12 |
62.12 |
|
|
|||
|
INVESTOR
COMPLAINTS |
|
|
|
|
Pending at the beginning of the quarter |
Nil |
|
|
|
Received during the quarter |
Nil |
|
|
|
Disposed during the quarter |
Nil |
|
|
|
Remaining unresolved at the end of the quarter |
Nil |
|
|
SEGMENT WISE REVENUE, RESULTS AND
CAPITAL EMPLOYED
Rs. In Million
|
Particulars |
Quarter Ended |
Nine Months Ended |
|
|
|
31.12.2014 |
30.09.2014 |
31.12.2014 |
|
1.
Segment Revenue |
(UNAUDITED) |
||
|
a. Aluminium |
1047.835 |
999.785 |
2852.001 |
|
b. Minerals |
-- |
-- |
-- |
|
c. Power |
4.257 |
8.643 |
20.249 |
|
Total |
1052.092 |
1008.428 |
2872.250 |
|
Less : Inter Segment Revenue |
-- |
-- |
-- |
|
Net
Sales |
1052.092 |
1008.428 |
2872.250 |
|
|
|
|
|
|
2.
Segment Result |
|
|
|
|
a. Aluminium |
17.070 |
20.337 |
43.664 |
|
b. Minerals |
(0.458) |
(0.343) |
(1.173) |
|
c. Power |
1.026 |
5.395 |
10.767 |
|
Total |
17.638 |
25.389 |
53.258 |
|
Less
: Finance Costs |
4.021 |
3.021 |
8.603 |
|
Profit
before Tax |
13.617 |
22.368 |
44.655 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10297615 |
27/09/2013 * |
997,500,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B91725911 |
|
2 |
10298512 |
14/06/2011 |
17,500,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B17327362 |
|
3 |
10243944 |
30/01/2014 * |
380,000,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B97363212 |
|
4 |
10191960 |
13/12/2011 * |
350,000,000.00 |
Standard Chartered Bank |
Crescenzo,
C-38/39, G-Block, Behind MCA Club, Bandra-Kurla Complex, Bandra (E), Mumbai,
Maharashtra |
B29235405 |
|
5 |
10191964 |
25/11/2009 |
14,400,000.00 |
3i Infotech Trusteeship Services Limited |
3rd To 6th Floor, International Infotech Park,, 6th Floor, Akruti Centre Point, MIDC Central Road, Mumbai, Maharashtra - 400093, India |
A74809450 |
|
6 |
10127293 |
05/01/2009 * |
600,000,000.00 |
3i Infotech Trusteeship Services Limited |
3rd To 6th Floor, International Infotech Park,, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A54453626 |
|
7 |
90214633 |
02/08/2013 * |
351,500,000.00 |
State Bank of India |
Mid Corporate Branch, 1st Floor, Shanti Complex, GIDC, Vapi, Gujarat - 396195, India |
B83770057 |
|
8 |
90215396 |
09/06/1994 |
4,500,000.00 |
The State Bank of India |
Somnath Industrial Estate Branch, Daman, Daman And Diu, India |
- |
*Date of modification Charges
FIXED ASSETS:
· Freehold Land
· Buildings
· Residential Flat
· Office Premises
· Plant & Machinery
· Wind Turbine Generator
· Solar Power Plant
· Electrical Installations
· Furniture and Fixtures
· Office Equipments
· Vehicles
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.61.84 |
|
UK Pound |
1 |
Rs.95.14 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
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.