MIRA
INFORM REPORT
|
Report No. : |
350133 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
AHMEDABAD STRIPS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
604, Sarap Building, Opposite Navjivan Press, Income Tax, Ahmedabad
– 380014, Gujarat |
|
Tel. No.: |
91-79-40399141 |
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Country : |
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Financials (as
on) : |
31.03.2015 [Partial] |
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Date of
Incorporation : |
23.07.1997 |
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|
Com. Reg. No.: |
04-032714 |
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Capital Investment
/ Paid-up Capital : |
Rs.21.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U27100GJ1997PTC032714 |
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|
|
|
IEC No.: |
0801009103 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCA8222A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacture of hot rolled and cold rolled carbon steel products of different grades of steel. |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1997 and it is engaged in manufacture of hot rolled and cold rolled carbon steel products of different grades of steel. The rating takes into consideration significant experience of the promoters in the steel industry and the company's established relationships with reputed steel suppliers. The rating further takes into account on company's satisfactory financial profile, decent capital structure and comfortable debt protection metrics. The rating strength is partially offset by the vulnerability of the company's profit margins to volatility in steel prices and the inherent .cyclicality in the demand for flat steel products. Trade relations seem to be fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings with 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 |
ICRA |
|
Rating |
Cash Credit Facility: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
December 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund based Limits: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
December 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
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Jignesh Panchal |
|
Designation : |
Accountant |
|
Contact No.: |
91-79-40399141 91-9879535857 |
|
Date : |
23.11.2015 |
LOCATIONS
|
Registered Office : |
604, Sarap Building, Opposite Navjivan Press, Income Tax,
Ahmedabad – 380014, Gujarat, India |
|
Tel. No.: |
91-79-40399141 |
|
Mobile No.: |
91-91-9879535857 (Mr. Jignesh Panchal) |
|
Fax No.: |
91-79-27543387 |
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E-Mail : |
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Factory: |
Plot No. 62, Near Khatrej Chokdi, Kalol-Sanand Highway Village Khatrej, Taluka Kalol District Gandhinagar - 382 721, Gujarat, India |
|
Tel. No.: |
91- 2764-281403/ 281414 |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Mr. Satinder Kumar Gupta |
|
Designation : |
Director |
|
Address : |
B-51, Satellite Plaza, Satellite, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
14.11.1955 |
|
Date of Appointment : |
23.07.1997 |
|
DIN No.: |
00162172 |
|
PAN No.: |
AESPG9463M |
|
|
|
|
Name : |
Mr. Vinaykumar Omprakash Bansal |
|
Designation : |
Director |
|
Address : |
37, Royal Enclove, Thaltej, Ahmedabad - 380001, Gujarat, India |
|
Date of Birth/Age : |
05.08.1962 |
|
Date of Appointment : |
18.05.1999 |
|
DIN No.: |
00140732 |
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PAN No.: |
ABWPB8755E |
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|
|
|
Name : |
Mr. Sudhir Surinder Goel |
|
Designation : |
Director |
|
Address : |
9-C, River View Apartment, Ashram Road, Ahmedabad - 380009, Gujarat, India |
|
Date of Birth/Age : |
25.07.1959 |
|
Date of Appointment : |
23.07.1997 |
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DIN No.: |
00140833 |
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PAN No.: |
AAOPG4473H |
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|
|
|
Name : |
Mr. Vijay Kumar Gupta |
|
Designation : |
Director |
|
Address : |
35/5, Gokhley Marg, Lukhnow - 226001, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.12.1944 |
|
Date of Appointment : |
06.12.1999 |
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DIN No.: |
00189373 |
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|
|
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Director |
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Address : |
35/5, Gokhley Marg, Lukhnow - 226001, Uttar Pradesh, India |
|
Date of Birth/Age : |
22.12.1970 |
|
Date of Appointment : |
06.12.1999 |
|
DIN No.: |
00153252 |
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PAN No.: |
AEOPG6723L |
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|
|
|
Name : |
Mr. Sandeep Kumar Bansal |
|
Designation : |
Director |
|
Address : |
117/H-1/260, Model Town, Pandu Nagar, Kanpur - 208012, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.07.1965 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00153313 |
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PAN No.: |
ABWPB8753C |
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|
|
|
Name : |
Mr. Sanyam Sudhir Goel |
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Designation : |
Director |
|
Address : |
6 / A, River View Apartment, Near Dinesh Hall, Ahsram Road, Ahmedabad, - 380009, Gujarat, India |
|
Date of Birth/Age : |
30.07.1983 |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
05111838 |
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|
|
|
Name : |
Mr. Nakul Satinder Gupta |
|
Designation : |
Director |
|
Address : |
6, Suvarna Villa Bunglows, Near Satyam Bunglows, Thaltej, Ahmedabad - Ahmedabad, 380058, Gujarat, India |
|
Date of Birth/Age : |
11.04.1984 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05111844 |
|
PAN No.: |
AFNPG3935Q |
KEY EXECUTIVES
|
Name : |
Mr. Jignesh Panchal |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sudhir Gael |
|
246000 |
|
Surindernath Gael (HUF) |
|
25000 |
|
Sangeeta Gael |
|
5000 |
|
Satinder Gupta |
|
10100 |
|
Satinder Gupta (HUF) |
|
399900 |
|
Kanchan Gupta |
|
65000 |
|
Omprakash Bansal (HUF) |
|
63500 |
|
OVS Builders Private Limited |
|
51000 |
|
Sandeep Kumar Bansal |
|
205250 |
|
Vinaykumar Bansal |
|
205250 |
|
Vijaykumar Gupta |
|
220300 |
|
Vikaskumar Gupta |
|
154300 |
|
Vikaskumar Gupta HUF |
|
20000 |
|
Kamalmx Agro Private Limited |
|
120000 |
|
Deepa Gupta |
|
10400 |
|
Sanyam Sudhir Gael |
|
249000 |
|
Mr. Harbans Lal Aggarwal |
|
50000 |
|
Total |
|
2100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 15.09.2014
|
Category |
Percentage |
|
Bodies corporate |
8.14 |
|
Directors or relatives of Directors |
91.86 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacture of hot rolled and cold rolled carbon steel products of different grades of steel. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
Bank of Baroda, Kalol Branch, Kalol- 382721, Gujarat, India
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Facilities : |
(Rs.
In Million)
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Auditor: |
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|
Name : |
Shah Kantilal and Company Chartered Accountants |
|
Address : |
806 Mauryansh Elanza, Near Parekhs Hospital Shyamal Cross Road, Satellite, Ahmedabad – 380015, Gujarat India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFS3865K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related party [As on 31.03.2015] : |
·
R. C. Gupta Logistics Private Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2015
[PARTIAL DETAILS]
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 21.000 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs.10/- each |
Rs. 21.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs.10/- each |
Rs. 21.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
VALUE ADDITION AND DISTRIBUTION OF
EARINGS
|
Particulars |
31.03.2015 (Partial Details) |
|
Share capital |
21.000 |
|
Reserves and surplus |
442.703 |
|
Long-term borrowings |
347.301 |
|
Gross fixed assets |
481.487 |
|
Net fixed assets |
146.852 |
|
Current assets |
1022.793 |
|
Current liabilities |
515.592 |
|
Net current assets |
507.201 |
|
Capital employed |
629.488 |
|
Net worth |
463.745 |
|
Value added of company |
161.703 |
|
Net revenue from operations of company |
3213.578 |
|
Profit before tax |
92.242 |
|
Particulars |
31.03.2015 (Partial Details) |
|
Gross revenue from operations of company |
2844.349 |
|
Excise and other duties of company |
(369.228) |
|
Net revenue from operations of company for value addition |
3213.578 |
|
Export incentives of company |
0.000 |
|
Adjustments in work-in-progress and finished stocks of company |
(22.568) |
|
Cost of materials consumed of company |
2620.045 |
|
Cost of process materials or chemicals of company |
0.000 |
|
Cost of stores and spares consumed of company |
57.181 |
|
Cost of utilities of company |
104.617 |
|
Cost of other bought out inputs of company |
247.464 |
|
Total cost of bought out inputs of company |
3029.306 |
|
Value added of company |
161.03 |
|
Other incomes of company |
21.187 |
|
Extraordinary income |
0.000 |
|
Earnings available for distribution |
182.891 |
|
To employees as salaries, wages, retirement benefits and others |
39.343 |
|
To shareholders as dividend |
0.000 |
|
Funds retained by company |
113.764 |
|
To government as taxes |
24.878 |
|
Extraordinary expenses |
0.000 |
|
Other distribution of earnings |
4.905 |
|
Total distribution
of earnings |
182.891 |
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 |
21.000 |
21.000 |
21.000 |
|
(b) Reserves & Surplus |
375.381 |
331.397 |
275.950 |
|
(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) |
396.381 |
352.397 |
296.950 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
252.666 |
214.528 |
182.626 |
|
(b) Deferred tax liabilities
(Net) |
10.442 |
12.286 |
14.187 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.524 |
3.839 |
2.751 |
|
Total
Non-current Liabilities (3) |
267.632 |
230.653 |
199.564 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
237.089 |
116.108 |
165.213 |
|
(b) Trade payables |
244.423 |
127.291 |
184.060 |
|
(c) Other current liabilities |
3.621 |
6.451 |
9.689 |
|
(d) Short-term provisions |
17.641 |
41.023 |
12.668 |
|
Total
Current Liabilities (4) |
502.774 |
290.873 |
371.630 |
|
|
|
|
|
|
TOTAL |
1166.787 |
873.923 |
868.144 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
218.879 |
181.277 |
153.408 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
2.846 |
5.143 |
6.572 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.438 |
0.438 |
0.438 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.936 |
4.932 |
3.750 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
231.099 |
191.790 |
164.168 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
355.281 |
265.467 |
212.095 |
|
(c) Trade receivables |
434.952 |
333.809 |
364.144 |
|
(d) Cash and cash equivalents |
26.947 |
23.785 |
103.963 |
|
(e) Short-term loans and
advances |
116.702 |
59.072 |
23.774 |
|
(f) Other current assets |
1.806 |
0.000 |
0.000 |
|
Total
Current Assets |
935.688 |
682.133 |
703.976 |
|
|
|
|
|
|
TOTAL |
1166.787 |
873.923 |
868.144 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2878.010 |
2449.871 |
2527.658 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
188.419 |
184.613 |
188.714 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
80.796 |
67.213 |
61.098 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
107.623 |
117.000 |
127.616 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
36.338 |
33.850 |
34.495 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
71.285 |
83.550 |
93.121 |
|
|
|
|
|
|
|
Less |
TAX |
21.405 |
26.137 |
31.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
49.880 |
57.413 |
62.083 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
330.397 |
274.950 |
214.819 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend / Interim
dividend |
5.040 |
1.680 |
1.680 |
|
|
Tax on Proposed dividend |
0.857 |
0.286 |
0.272 |
|
|
Balance
Carried to the B/S |
374.380 |
330.397 |
274.950 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
23.75 |
27.37 |
29.56 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.705 |
7.265 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(156.503) |
(63.416) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.73 |
2.34 |
2.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.55 |
7.54 |
7.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.13 |
9.62 |
10.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.24 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.24 |
0.94 |
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86 |
2.35 |
1.89 |
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 |
21.000 |
21.000 |
21.000 |
|
Reserves & Surplus |
275.950 |
331.397 |
375.381 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
296.950 |
352.397 |
396.381 |
|
|
|
|
|
|
long-term borrowings |
182.626 |
214.528 |
252.666 |
|
Short term borrowings |
165.213 |
116.108 |
237.089 |
|
Current maturities of
long-term debts |
7.265 |
0.705 |
0.000 |
|
Total
borrowings |
355.104 |
331.341 |
489.755 |
|
Debt/Equity
ratio |
1.196 |
0.940 |
1.236 |
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 |
2527.658 |
2449.871 |
2878.010 |
|
|
|
(3.077) |
17.476 |
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 |
2527.658 |
2449.871 |
2878.010 |
|
Profit |
62.083 |
57.413 |
49.880 |
|
|
2.46% |
2.34% |
1.73% |
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 |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last four 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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10555039 |
28/02/2015 |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C46656864 |
|
2 |
10551561 |
27/02/2015 |
155,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C44792240 |
|
3 |
10551563 |
27/02/2015 |
85,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C44792695 |
|
4 |
10309109 |
19/08/2011 |
110,000,000.00 |
BANK OF BARODA |
MG ROAD, KALOL, GUJARAT - 382721, INDIA |
B22091110 |
|
5 |
10064540 |
20/08/2015 * |
605,500,000.00 |
BANK OF BARODA |
KALOL BRANCH, KALOL, GUJARAT - 382721, INDIA |
C62016019 |
|
6 |
10039544 |
19/08/2015 * |
605,500,000.00 |
BANK OF BARODA |
KALOL BRANCH, KALOL, GUJARAT - 382721, INDIA |
C62015474 |
|
7 |
90111634 |
29/06/2002 |
515,989.00 |
M/S. FLAT SUNDARAM AUTO FINANCE LTD. |
NO. 21 PATULLOUS
ROAD, CHENNAI, TAMIL NADU - 60000 |
- |
|
8 |
90110402 |
30/01/2002 |
600,000.00 |
CENTURAIAN BANK LTD. |
216; SAKAR-II;, ELLISBRIDGE,
AHEMDABAD, GUJARAT, |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· 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.66.35 |
|
UK Pound |
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.