MIRA INFORM REPORT
|
Report No. : |
348125 |
|
Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
WONDER CEMENT LIMITED (w.e.f. 15.10.2007) |
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|
|
|
Formerly Known
As : |
WONDER CEMENT PRIVATE LIMITED |
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Registered Office
: |
Makrana Road, Madandanj-Kishangarh, Kishangarh – 305801, Rajasthan |
|
Tel. No.: |
91-1463-301100 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.08.2005 |
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Com. Reg. No.: |
17-021205 |
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Capital
Investment / Paid-up Capital : |
Rs. 3500.000 Million |
|
|
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CIN No.: [Company Identification
No.] |
U26943RJ2005PLC021205 |
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IEC No.: |
1309018618 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Subject is engaged in manufacturing and sales of cement. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Wonder Cement Limited (WCL) is part of the RK Group in marble industry.
It was incorporated in the year 2005 and is engaged in manufacturing and
sales turnover and sales of cement. Rating is constrained on account of company’s moderate financial
profile marked by its low reserves level and loss incurred from its business
activities during the year 2014. However, ratings derives strength from the experienced and resourceful
promoters of WCL, its stabilized operations with improved capacity
utilization leading to improving financial performance with comfortable
liquidity position, established marketing and distribution network, moderate
gearing levels. Rating also take into account ahead of schedule project implementation
progress for the capacity expansion project along-with likely completion of
the project at a lower than envisaged project cost. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CARE |
|
Rating |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
August 04, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
August 04, 2015 |
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
31-03-2015.
LOCATIONS
|
Registered Office : |
Makrana Road, Madandanj-Kishangarh, Kishangarh – 305801, Ajmer,
Rajasthan, India |
|
Tel. No.: |
91-1463-301100 |
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Fax No.: |
Not Available |
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E-Mail : |
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Central Marketing Office : |
1205-1208, 12th Floor, Indraprakash Building, 21 Barakhamba
Road, New Delhi – 110001, India |
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Tel. No.: |
91-11-33991133 |
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|
Plant : |
R. K. Nagar, Nimbahera, Dist - Chittorgarh – 312601, Rajasthan India |
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Regional Marketing Offices 1 : |
402, 4th Floor, Shail’s Mall, Behind Girish Cold Drinks,
C.G. Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-33991133 |
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E-Mail : |
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Regional
Marketing Offices 2 : |
311, Milinda’s Manar, 02, R.N.T. Marg, Opposite Central Mall, Indore –
452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-3399113 |
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E-Mail : |
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Regional
Marketing Offices 3 : |
408-410, 4th Floor, Gaurav Tower – II, Malviya Nagar,
Jaipur – 302017, Rajasthan, India |
|
Tel. No.: |
91-141-33991133 |
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E-Mail: |
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Regional Marketing Offices
4 : |
17, Old Fatehpura, Near Seva Mandir, Udaipur – 313004, Rajasthan,
India |
|
Tel. No.: |
91-294-33991133 |
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E-Mail: |
DIRECTORS
AS ON 16.06.2014
|
Name : |
Ashok Patni |
|
Designation : |
Whole-Time Director |
|
Address : |
"R.K. House", Madanganj-Kishangarh, Ajmer, 305801, Rajasthan, India |
|
Date of Birth/Age : |
24.01.1954 |
|
Date of Appointment : |
26/08/2005 |
|
DIN No.: |
00008166 |
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Voter ID No.: |
MWJ/1920974 |
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|
Name : |
Vimal Patni |
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Designation : |
Whole-Time Director |
|
Address : |
R.K. House , City Road, Madanganj-Kishangarh, Kishangarh - 305801, Rajasthan, India |
|
Date of Birth/Age : |
22.09.1966 |
|
Date of Appointment : |
26.08.2005 |
|
DIN No.: |
00136437 |
|
Voter ID No.: |
MWJ/1920990 |
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|
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|
Name : |
Vikas Patni |
|
Designation : |
Managing Director |
|
Address : |
R. K. House, Madanganj-Kishangarh, Ajmer - 305801, Rajasthan, India |
|
Date of Birth/Age : |
25.01.1980 |
|
Date of Appointment : |
19.11.2009 |
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DIN No.: |
00015109 |
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Voter ID No.: |
MWJ/1920958 |
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|
Name : |
Ibrahim Ali |
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Designation : |
Whole-Time Director |
|
Address : |
10-E, Old Fatehpura, Udaipur - 313001, Rajasthan, India |
|
Date of Birth/Age : |
02.06.1934 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
00009584 |
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Voter ID No.: |
RJ/18/142/162758 |
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|
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|
Name : |
Dwarka Prasad Somani |
|
Designation : |
Managing Director |
|
Address : |
47, Jagat Mehta Ki Bari, Adinath Nagar, Fatehpura, Bedla Road, Udaipur - 313001, Rajasthan, India |
|
Date of Birth/Age : |
11.03.1945 |
|
Date of Appointment : |
28.03.2010 |
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DIN No.: |
01550844 |
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|
|
|
Name : |
Ghanshyam Agarwal |
|
Designation : |
Director |
|
Address : |
C-72, Valmiki Marg, Hanuman Nagar, Jaipur - 302021, Rajasthan, India |
|
Date of Appointment : |
26.03.2015 |
|
DIN No.: |
00110978 |
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|
Name : |
Parmanand Patidar |
|
Designation : |
Director |
|
Address : |
20, Kanchandeep, Ganesh Nagar, Udaipur - 313001, Rajasthan, India |
|
Date of Appointment : |
14.03.2015 |
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DIN No.: |
00199370 |
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|
Name : |
Dilip Kumar Talesara |
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Designation : |
Director |
|
Address : |
172/12, Ashok Nagar, Udaipur - 313001, Rajasthan, India |
|
Date of Appointment : |
14.03.2015 |
|
DIN No.: |
01643145 |
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|
Name : |
Kusum Kataria |
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Designation : |
Director |
|
Address : |
Shivaji Nagar, Distt. Ajmer, Madanganj - 305801, Rajasthan, India |
|
Date of Appointment : |
14.03.2015 |
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DIN No.: |
01850902 |
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|
Name : |
Vivek Patni |
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Designation : |
Director |
|
Address : |
R. K. House, Madanganj, Kishangarh - 308501, Rajasthan, India |
|
Date of Appointment : |
23.09.2014 |
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DIN No.: |
05170081 |
KEY EXECUTIVES
|
Name : |
Jaideep Sah |
|
Designation : |
CFO |
|
Address : |
D-8, Lal Bahadur Nagar, Opp. Hotel Clark Amer, Jln Marg, Jaipur - 302017, Rajasthan, India |
|
Date of Appointment : |
01.04.2014 |
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PAN No.: |
ACQPS0623K |
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|
Name : |
Tanush Joshi |
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Designation : |
Secretary |
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Address : |
Flat No. S-2, Plot No. 18,Shankar Giri Apartment, Sukh Vihar, Gujar Ki Thadi, Gopalpura Bye Pass, Jaipur - 302019, Rajasthan, India |
|
Date of Appointment : |
01.02.2013 |
|
PAN No.: |
AIYPJ9913D |
MAJOR SHAREHOLDERS
AS ON 16.06.2014
SHAREHOLDING DETAILS FILE ATTACHED
AS ON 16.06.2014
ALLOTTEES DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 16.06.2014
|
Category |
Percentage |
|
Bodies corporate |
37.43 |
|
Directors or relatives of Directors |
62.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and sales of cement. |
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Products : |
Not Divulged |
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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 |
GENERAL INFORMATION
|
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 : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
C.M Agarwal and Company Chartered Accountants |
|
Address : |
Opposite SBI, Main Market, Madanganj - Kishangarh, Dist. – Ajmer 305801, Rajasthan, India |
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PAN No.: |
AACFC3261F |
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Memberships : |
-- |
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Collaborators : |
-- |
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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
AFTER 16.06.2014
Authorised Capital: Rs. 10000.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 4156.250
Million
AS ON 16.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000000 |
Equity Shares |
Rs.10/- each |
Rs. 9000.000 Million |
|
100000000 |
Preference Shares |
Rs. 10/- each |
Rs. 1000.000 Million |
|
|
Total |
|
Rs. 10000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/- each |
Rs. 3500.000
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 |
3500.000 |
3500.000 |
3500.000 |
|
(b) Reserves & Surplus |
62.811 |
39.108 |
1.715 |
|
(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) |
3562.811 |
3539.108 |
3501.715 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8820.409 |
9236.216 |
7110.817 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
39.637 |
0.080 |
|
(c) Other long term
liabilities |
334.299 |
271.325 |
92.908 |
|
(d) long-term
provisions |
14.831 |
16.386 |
6.402 |
|
Total Non-current
Liabilities (3) |
9169.539 |
9563.564 |
7210.207 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
627.837 |
120.600 |
0.000 |
|
(b) Trade
payables |
153.077 |
191.498 |
0.000 |
|
(c) Other
current liabilities |
1253.583 |
1093.734 |
803.077 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.476 |
|
Total Current
Liabilities (4) |
2034.497 |
1405.832 |
803.553 |
|
|
|
|
|
|
TOTAL |
14766.847 |
14508.504 |
11515.475 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11769.914 |
9814.468 |
410.450 |
|
(ii)
Intangible Assets |
13.206 |
15.258 |
0.000 |
|
(iii)
Capital work-in-progress |
365.922 |
3036.073 |
9773.749 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
12.971 |
|
(b) Non-current Investments |
0.006 |
0.006 |
0.006 |
|
(c) Deferred tax assets (net) |
121.870 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
80.315 |
79.176 |
195.113 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.003 |
|
Total Non-Current
Assets |
12351.233 |
12944.981 |
10392.292 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
749.451 |
527.548 |
73.522 |
|
(c) Trade
receivables |
89.216 |
27.485 |
0.000 |
|
(d) Cash
and cash equivalents |
1170.962 |
745.161 |
357.023 |
|
(e)
Short-term loans and advances |
391.891 |
255.576 |
691.859 |
|
(f) Other
current assets |
14.094 |
7.753 |
0.779 |
|
Total
Current Assets |
2415.614 |
1563.523 |
1123.183 |
|
|
|
|
|
|
TOTAL |
14766.847 |
14508.504 |
11515.475 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
9385.863 |
3523.419 |
0.000 |
|
|
Other Income |
10.671 |
0.000 |
2.510 |
|
|
TOTAL |
9396.534 |
3523.419 |
2.510 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
598.168 |
200.998 |
0.000 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(29.495) |
(28.107) |
0.000 |
|
|
Employees benefits expense |
338.291 |
126.580 |
0.000 |
|
|
Other expenses |
6231.507 |
2225.435 |
0.043 |
|
|
TOTAL |
7138.471 |
2524.906 |
0.043 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2258.063 |
998.513 |
0.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
942.866 |
297.380 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1315.197 |
701.133 |
2.467 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1778.069 |
604.182 |
0.108 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(462.872) |
96.951 |
2.359 |
|
|
|
|
|
|
|
Less |
TAX |
(161.508) |
59.558 |
0.735 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(301.364) |
37.393 |
1.624 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Stores & Spares |
69.769 |
0.000 |
0.000 |
|
|
Capital Goods |
0.000 |
18.256 |
1046.297 |
|
|
TOTAL IMPORTS |
69.769 |
18.256 |
1046.297 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.86) |
0.11 |
0.00 |
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 |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
1535.027 |
1450.878 |
6.455 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(3.21) |
1.06 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
24.06 |
28.34 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.24) |
0.85 |
0.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.13) |
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.65 |
2.64 |
2.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.11 |
1.40 |
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 |
3500.000 |
3500.000 |
3500.000 |
|
Reserves & Surplus |
1.715 |
39.108 |
62.811 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3501.715 |
3539.108 |
3562.811 |
|
|
|
|
|
|
long-term borrowings |
7110.817 |
9236.216 |
8820.409 |
|
Short term borrowings |
0.000 |
120.600 |
627.837 |
|
Total
borrowings |
7110.817 |
9356.816 |
9448.246 |
|
Debt/Equity
ratio |
2.031 |
2.644 |
2.652 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3523.419 |
9385.863 |
|
|
|
166.385 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3523.419 |
9385.863 |
|
Profit |
37.393 |
(301.364) |
|
|
1.06% |
(3.21%) |
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 |
No |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
PENDING Date of query: 06/11/2015 Time :
11:33:32 AM ARBAP’55’ of 2013 – r
7526/2013 Petitioner :
SHARMA CONSTRUCTION AND ENGINEERS Respondent :
M D M/S WONDER CEMENT LIMITED Petitioner Advocate:
SUNIL KUMAR SINGODIYA Respondent Advocate: RACHIT SHARMA Class Code : 1200
Registered on : 14/08/2013 Bench : SB
Stage : FOR ORDERS MISC. CASES DATE GIVEN BY: PESHI CLERK DATE Date of Listing : 06/11/2015 Listed on court No. 8 on 06/11/2015 |
NOTE: Registered office of the company has been
shifted from R.K. House, City Road, Madanganj, Kishangarh, Distt. Ajmer,
Rajasthan, India to the present address w.e.f.
29.08.2006.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Fully convertible debentures intercorporate |
1650.000 |
1650.000 |
|
|
|
|
|
Total |
1650.000 |
1650.000 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10555515 |
27/02/2015 |
9,991,100,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra - 400005, INDIA |
C46916656 |
|
2 |
10555514 |
21/02/2015 |
9,991,100,000.00 |
State Bank of Bikaner and Jaipur- Co Trustee |
New Delhi House, 27, Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
C46915690 |
|
3 |
10458978 |
16/01/2014 * |
750,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CHETAK CIRCLE, UDAIPUR, Rajasthan - 313001, INDIA |
B94879079 |
|
4 |
10283053 |
27/02/2015 * |
7,720,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra - 400005, INDIA |
C46920146 |
|
5 |
10283062 |
21/02/2015 * |
7,720,000,000.00 |
State Bank of Bikaner and Jaipur- Co Trustee |
New Delhi House, 27, Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
C46983656 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
Equipments
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. 65.79 |
|
UK Pound |
1 |
Rs. 99.95 |
|
Euro |
1 |
Rs. 71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.