MIRA INFORM REPORT
|
Report No. : |
350053 |
|
Report Date : |
21.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
C AND S ELECTRIC LIMITED (w.e.f. 03.12.2008) |
|
|
|
|
Formerly Known
As : |
CONTROLS AND SWITCHGEAR COMPANY LIMITED |
|
|
|
|
Registered
Office : |
222, Okhla Industrial Estate, New Delhi – 110020 |
|
Tel. No.: |
91-11-30887520 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
15.06.1971 |
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|
|
|
Com. Reg. No.: |
55-005672 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 486.516 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909DL1971PLC005672 |
|
|
|
|
IEC No.: |
05880950961 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC06422D |
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|
|
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PAN No.: [Permanent Account No.] |
AAACC0909K |
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|
|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer, Exporter
and Importer of Electrical Switchgear and Control Gear Products |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1971 and it is a manufacturer,
exporter and importer of electrical switchgear and control gear, products. Its
products include switch gear and protection, power bus bars and lighting and
wiring accessories. For the financial year ended 2014, company possesses healthy
operational performance and it has maintained sound profit margins at 4.10%
during the year under a review. Rating reflect the company’s diversified product profile supported by
its established market position in the switchgear, panels and engineered power bus bar segment with significant market
share across product categories along with comfortable gearing level and
adequate liquidity. Ratings strengths is partially offset by the company’s
working-capital-intensive operations and susceptibility to fluctuation in raw
material prices as well as forex comfortable gearing level and adequate
liquidity. Ratings strength is partially offset by company’s
working-capital-intensive operations and susceptibility to fluctuation in raw
material prices as well as forex movement imparting volatility to profitability. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 |
CRISIL RATING |
|
Rating |
Long Term Bank Facilities = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
April 01, 2015 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
April 01, 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.
INFORMATION DENIED BY
|
Name : |
Mr. L.K. Khanna |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-11-30887520 |
|
Date : |
19.11.2015 |
LOCATIONS
|
Registered Office/ Head Office/ Work : |
222 Okhla Industrial Estate, New Delhi-110020, |
|
Tel. No.: |
91-11-30887520/ 29 |
|
Fax No.: |
91-11-26847154/ 26829063 |
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E-Mail : |
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|
Website : |
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Factory 1 : |
A-7 and 8, Sector-VIII, Noida-201301, District Gautam Budh Nagar, |
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Tel. No.: |
91-120-3914301/ 02 |
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Fax No.: |
91-120-3914303 |
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|
|
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Factory 2 : |
C-59, Phase-II, Noida-201305, District Gautam Budh Nagar, |
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Tel. No.: |
91-120-3048800/ 02 |
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Fax No.: |
91-120-3048801 |
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|
|
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Factory 3 : |
C-58, Phase-II, Noida-201305, District Gautam Budh Nagar, |
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Tel. No.: |
91-120-3048709 |
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Fax No.: |
91-120-32042149 |
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|
|
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Factory 4 : |
B-1, Site-IV, Surajpur Industrial Area, Kasna Road, Greater Noida, District
Gautam Budh Nagar, Uttar Pradesh, India |
|
Tel. No.: |
91-120-3914500/ 01 |
|
Fax No.: |
91-120-2341896 |
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|
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Factory 5 : |
44, Okhla Industrial Estate, Phase-III, New Delhi-110020, |
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Tel. No.: |
91-11-30883763 |
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Fax No.: |
91-11-26832259 |
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|
|
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Factory 6 : |
NSEZ Plot No. 63, NSEZ, Noida-201305, |
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Tel. No.: |
91-120-3074391 |
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Fax No.: |
91-120-3042149 |
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|
|
Factory 7 : |
1C, Sector-8C, Integrated Industrial Estate, Ranipur, Haridwar-249403,
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|
Tel. No.: |
91-1334-239551/ 52 |
|
Fax No.: |
91-1334-239292 |
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Factory 8 : |
Plot No. 1B, Sector-8C, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403, |
|
Tel. No.: |
91-1334-308101/ 02 |
|
Fax No.: |
91-1334-239694 |
|
|
|
|
Factory 9 : |
Plot No. 1A Sector – 11, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403 , Uttarakhand, India |
|
Tel. No.: |
91-1334-239212 |
|
Fax No.: |
91-1334-239217 |
|
|
|
|
Factory 10 : |
Plot No. 1A/3, Sector-8 C, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403 , Uttarakhand, India |
|
Tel. No.: |
91-1334-300800 |
|
Fax No.: |
91-1334-300801 |
|
|
|
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Factory 11 : |
Plot No. 10, Sector-11, Integrated Industrial Estate (SIDCUL),
Ranipur, Haridwar-249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-315215 |
|
|
|
|
Factory 12 : |
Plot No. 2, Sector-8 C, Integrated Industrial Estate (SIDCUL), Ranipur,
Haridwar-249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-308130-144 |
|
Fax No.: |
91-1334-308139 |
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|
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|
Factory 13 : |
C AND S CHINA PLANT No.2, Wangyang Industry Park, Zhanghishan Towen,
Tongzhou City, Jiangsu Province, China – 226311 |
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Factory 14 : |
ETACOM BOOM |
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Marketing Offices : |
Located At: ·
·
·
Jaipur ·
·
·
Ahmedabad ·
·
·
·
·
Kolkata ·
Pune ·
Mumbai ·
Bhubaneshwar ·
Secunderabad ·
·
Bengaluru ·
Chennai ·
·
|
DIRECTORS
AS ON 20.09.2013
|
Name : |
Mr. Sanjay Kumar Bhattacharyya |
|
Designation : |
Director |
|
Address : |
F-1/4, Chaitanya Mahaprabhu Marg, Hauz Khas Enclave, New Delhi-110016 |
|
Date of Birth/Age : |
08.11.2011 |
|
Date of Appointment : |
31.10.150 |
|
Din No.: |
01924770 |
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|
|
|
Name : |
Mr. Prithvi Raj Khanna |
|
Designation : |
Director |
|
Address : |
70, Sunder Nagar, New Delhi-110003, |
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Date of Birth/Age : |
02.07.1933 |
|
Date of Appointment : |
09.07.2009 |
|
Din No.: |
00048800 |
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|
|
|
Name : |
Mr. V N Koura |
|
Designation : |
Director |
|
Address : |
7, Navjiwan Vihar, New Delhi-110017, |
|
Date of Birth/Age : |
08.04.1940 |
|
Date of Appointment : |
09.07.2009 |
|
Din No.: |
00010210 |
|
|
|
|
Name : |
Mr. Ravinder Nath Khanna |
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Designation : |
Director |
|
Address : |
C-69, Friends Colony, Mathura Road, New Delhi-110065, |
|
Date of Birth/Age : |
28.01.1940 |
|
Date of Appointment : |
15.06.1971 |
|
Din No.: |
00024444 |
|
|
|
|
Name : |
Mr. Ashok Khanna |
|
Designation : |
Director |
|
Address : |
14, Ishwar Nagar, Mathura Road, New Delhi-110065, |
|
Date of Birth/Age : |
31.08.1945 |
|
Date of Appointment : |
15.06.1971 |
|
Din No.: |
00003335 |
|
|
|
|
Name : |
Mr. Rishi Nath Khanna |
|
Designation : |
Director |
|
Address : |
C-69, Friends Colony, Mathura Road, New Delhi-110065, |
|
Date of Birth/Age : |
18.12.1973 |
|
Date of Appointment : |
19.04.1999 |
|
Din No.: |
00024808 |
|
|
|
|
Name : |
Mr. Anuj Khanna |
|
Designation : |
Director |
|
Address : |
14, Ishwar Nagar, Mathura Road, New Delhi-110065, |
|
Date of Birth/Age : |
12.07.1973 |
|
Date of Appointment : |
19..04.1999 |
|
Din No.: |
00025087 |
|
|
|
|
Name : |
Mr. Aditya Khanna |
|
Designation : |
Director |
|
Address : |
14, Ishwar Nagar, Mathura Road, New Delhi-110065, |
|
Date of Birth/Age : |
12.06.1978 |
|
Date of Appointment : |
17.01.2005 |
|
Din No.: |
00065107 |
|
|
|
|
Name : |
Mrs. Radhika Kapoor |
|
Designation : |
Director |
|
Address : |
C-19, Friends Colony, New Delhi-110065, |
|
Date of Birth/Age : |
12.01.1971 |
|
Date of Appointment : |
24.07.2006 |
|
Din No.: |
00065337 |
|
|
|
|
Name : |
Mr. Biplab Majumder |
|
Designation : |
Director |
|
Address : |
Apartment No. H1301, Mantri Espana, Kanyammana, Agrahara, Outer Ring
Road, Bangalore-560103, Karnataka, India |
|
Date of Birth/Age : |
01.03.2013 |
|
Date of Appointment : |
14.09.1948 |
|
Din No.: |
00064467 |
KEY EXECUTIVES
|
Name : |
Mr. L.K. Khanna |
|
Designation : |
Company Secretary |
|
Address : |
9-102, Ramesh Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
21.04.1957 |
|
Date of Appointment : |
09.07.2009 |
|
Pan No.: |
AAAPK0919K |
MAJOR SHAREHOLDERS
AS ON 20.09.2013
SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 20.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
9.52 |
|
Bodies corporate |
0.04 |
|
Directors or relatives of Directors |
89.77 |
|
Other top fifty shareholders |
0.35 |
|
Others |
0.32 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Importer of Electrical Switchgear and Control Gear Products |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
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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)
|
|
Auditors : |
|
|
Name : |
Deloittee Haskins and Sells Chartered Accountant |
|
Address : |
7th Floor, Tower B, Building No. 10, |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Joint Venture : |
|
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AS ON 20.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs. 10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
486515920 |
Equity Shares |
Rs. 10/-
each |
Rs. 486.516
Millions |
|
|
|
|
|
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 |
486.515 |
44.228 |
44.229 |
|
(b) Reserves & Surplus |
4279.052 |
4394.127 |
3971.036 |
|
(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) |
4765.567 |
4438.355 |
4015.265 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
243.133 |
228.560 |
346.575 |
|
(b) Deferred tax liabilities (Net) |
83.321 |
102.822 |
109.329 |
|
(c) Other long term
liabilities |
17.800 |
15.861 |
14.207 |
|
(d) long-term
provisions |
52.807 |
38.257 |
40.629 |
|
Total Non-current
Liabilities (3) |
397.061 |
385.500 |
510.740 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1526.674 |
1718.760 |
1339.392 |
|
(b) Trade
payables |
2132.875 |
1863.949 |
2046.928 |
|
(c) Other
current liabilities |
695.886 |
620.414 |
581.543 |
|
(d) Short-term provisions |
69.552 |
24.957 |
30.283 |
|
Total Current
Liabilities (4) |
4424.987 |
4228.080 |
3998.146 |
|
|
|
|
|
|
TOTAL |
9587.615 |
9051.935 |
8524.151 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2007.404 |
1865.324 |
1803.414 |
|
(ii)
Intangible Assets |
79.765 |
49.059 |
40.199 |
|
(iii)
Capital work-in-progress |
23.140 |
24.390 |
34.928 |
|
(iv)
Intangible assets under development |
0.000 |
14.777 |
13.879 |
|
(b) Non-current Investments |
393.382 |
399.182 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
178.618 |
|
(d) Long-term Loan and Advances |
414.535 |
334.088 |
438.318 |
|
(e) Other
Non-current assets |
268.813 |
310.189 |
417.270 |
|
Total Non-Current
Assets |
3187.039 |
2997.009 |
2926.626 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
406.148 |
260.148 |
234.941 |
|
(b)
Inventories |
1879.725 |
1707.735 |
1559.164 |
|
(c) Trade
receivables |
3744.538 |
3621.852 |
3419.708 |
|
(d) Cash
and cash equivalents |
139.681 |
188.681 |
221.815 |
|
(e)
Short-term loans and advances |
174.993 |
212.817 |
155.764 |
|
(f) Other
current assets |
55.491 |
63.693 |
6.133 |
|
Total
Current Assets |
6400.576 |
6054.926 |
5597.525 |
|
|
|
|
|
|
TOTAL |
9587.615 |
9051.935 |
8524.151 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8886.861 |
9006.944 |
8028.422 |
|
|
|
Other Income |
147.681 |
81.681 |
81.682 |
|
|
|
TOTAL (A) |
9034.542 |
9088.625 |
8110.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5339.372 |
5789.077 |
4796.321 |
|
|
|
Purchases of Stock-in-Trade |
180.906 |
188.077 |
313.920 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(60.475) |
(200.431) |
(39.999) |
|
|
|
Employees benefits expense |
1206.091 |
1097.514 |
992.028 |
|
|
|
Other expenses |
1448.530 |
1295.600 |
1144.722 |
|
|
|
TOTAL (B) |
8114.424 |
8169.837 |
7206.992 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
920.118 |
918.788 |
903.112 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
276.805 |
264.233 |
220.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
643.313 |
654.555 |
682.579 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
185.254 |
160.498 |
142.443 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
458.059 |
494.057 |
540.136 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
101.291 |
56.844 |
51.523 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
356.768 |
437.213 |
488.613 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2786.082 |
2411.895 |
1986.133 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
50.000 |
50.000 |
|
|
|
Dividend |
24.326 |
11.057 |
11.057 |
|
|
|
Tax on Dividend |
4.134 |
1.879 |
1.794 |
|
|
BALANCE CARRIED
TO THE B/S |
3114.390 |
2786.082 |
2411.895 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1882.985 |
1492.086 |
1106.107 |
|
|
TOTAL EARNINGS |
1882.985 |
1492.086 |
1106.107 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1036.633 |
856.980 |
768.081 |
|
|
|
Stores & Spares |
18.296 |
46.543 |
27.219 |
|
|
|
Capital Goods |
33.493 |
30.006 |
23.388 |
|
|
TOTAL IMPORTS |
1088.422 |
933.529 |
818.688 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.73 |
0.90 |
1.00 |
|
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
4.01
|
4.85 |
6.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.35
|
10.20 |
11.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.99 |
5.74 |
6.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.11 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.37 |
0.44 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.43 |
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 Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
44.229 |
44.228 |
486.515 |
|
Reserves & Surplus |
3971.036 |
4394.127 |
4279.052 |
|
Net
worth |
4015.265 |
4438.355 |
4765.567 |
|
|
|
|
|
|
long-term borrowings |
346.575 |
228.560 |
243.133 |
|
Short term borrowings |
1339.392 |
1718.760 |
1526.674 |
|
Total
borrowings |
1685.967 |
1947.320 |
1769.807 |
|
Debt/Equity
ratio |
0.420 |
0.439 |
0.371 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8028.422 |
9006.944 |
8886.861 |
|
|
|
12.188 |
(1.333) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8028.422 |
9006.944 |
8886.861 |
|
Profit |
488.613 |
437.213 |
356.768 |
|
|
6.09% |
4.85% |
4.01% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
---- |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE
The gross sales for the year under review were Rs. 9467.745 Million as against Rs. 9593.760 Million for the previous year registering a decline of 1.3%. Profit before tax (after interest and depreciation) worked out to Rs. 458.059 Million as against Rs. 493.967 Million during the previous year and Profit After Tax of Rs. 356.768 Million as against Rs. 437.123 Million for the previous year registering a decline of 7.3% and 18.4% respectively.
OUTLOOK:
The Company continues to maintain a healthy order book of Rs. 5680.648 Million (mainly in project based businesses). With such order book in hand, the Company expects to register a modest growth in its turnover during the current fiscal.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.000 |
150.000 |
|
Total |
0.000 |
150.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10485999 |
21/03/2014 |
150,000,000.00 |
INDUSIND BANK LTD. |
Dr. Gopal Das
Bhawan, 28 Barakhamba Road, New Del |
C00880120 |
|
2 |
10483276 |
26/09/2014 * |
150,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK
CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
C23293319 |
|
3 |
10411040 |
31/07/2014 * |
400,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C30731228 |
|
4 |
10387468 |
23/11/2012 |
350,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, Guj |
B62334099 |
|
5 |
10387984 |
26/10/2012 |
550,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN
MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5,, I |
B62557236 |
|
6 |
10375228 |
30/01/2015 * |
550,000,000.00 |
Citi Bank N.A. |
Jeevan Bharti Building,
4th Floor,, 124 Connaught |
C44182020 |
|
7 |
10331230 |
27/03/2015 * |
500,000,000.00 |
IDBI Bank Limited |
Ground floor ,
Pacific Business Park, Plot No 37/1 |
C53793055 |
|
8 |
10305330 |
28/05/2014 * |
2,750,000,000.00 |
State Bank of India |
Commercial Branch ,
N-3 First & Second Floor, Sou |
C06271019 |
|
9 |
10269394 |
17/04/2013 * |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B75385906 |
|
10 |
10242278 |
12/06/2012 * |
300,000,000.00 |
STANDARD CHARTERED
BANK (Acting as an Security Age |
CREDIT
DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARA |
B41738295 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- 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. 66.09 |
|
UK Pound |
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 70.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.