MIRA INFORM REPORT
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Report No. : |
351764 |
|
Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE JAY JAGDAMBA STAINLESS STEEL LIMITED (w.e.f. 05.05.2011) |
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Formerly known
as : |
SHREE JAY JAGDAMBA STAINLESS STEEL PRIVATE LIMITED (w.e.f. 25.03.2011) JAY JAGDAMBA CONCAST PRIVATE LIMITED KHODIYAR FORGING PRIVATE LIMITED |
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Registered
Office : |
Office No. 405, The Landmark, Plot No. 26A, Sector 07, Kharghar, Navi Mumbai – 410210, Maharashtra |
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Tel. No.: |
91-22-27420095 / 27423104 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 [Provisional] |
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Date of
Incorporation : |
21.01.2004 |
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Com. Reg. No.: |
11-144137 |
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Capital
Investment / Paid-up Capital : |
Rs.83.907 Million [Provisional] |
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CIN No.: [Company Identification
No.] |
U27100MH2004PLC144137 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11857G |
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PAN No.: [Permanent Account No.] |
AACCK3066F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Stainless Steel, Carbon Steel,
Alloy Steel Billets, Hot Rolled Bars, Bright Bars. |
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No. of Employees
: |
220 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2004 having
satisfactory track. Subject is engaged in manufacturing of stainless steel. The company is performing well. General financial position of the
company is normal and acceptable for business dealings. The rating also derives strength from the promoters experience in
steel industry. Moreover, this rating strength is partially offset by highly
fragmented and competitive steel industry and its vulnerability to
fluctuation in stainless steel prices. Trade relations are reported as fair. Business is active. Payments
terms are reported as slow but correct. The company can be considered normal 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating : CARE BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27.03.2015 |
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Rating Agency Name |
CARE |
|
Rating |
Short term rating : CARE A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
27.03.2015 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Bansal |
|
Designation : |
Chartered Accountant |
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Contact No.: |
91-9867343246 |
LOCATIONS
|
Registered Office : |
Office No. 405, The Landmark, Plot No. 26A, Sector 07, Kharghar, Navi Mumbai – 410210, Maharashtra, India |
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Tel. No.: |
91-22-27420095 / 27423104 |
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Mobile No.: |
91-7387006333 (Mr. Ashok) 91-9867343246 (Mr. Anil Bansal) |
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Fax No.: |
91-22-27424873 |
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E-Mail : |
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Website : |
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Factory : |
Plot No.57/87/88/59/58, P-1, Village Abitghar, Shirispad-Shahapur
Road, Taluka-Wada, District Thane – 421303, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Narayan Prasad Malpani |
|
Designation : |
Managing Director |
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Address : |
KL 6-11-9, Sector-3E, Kalamboli, Navi Mumbai, Mumbai – 410218, Maharashtra, India |
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Date of Birth/Age : |
07.02.1949 |
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Date of Appointment : |
01.06.2011 |
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DIN No.: |
01550026 |
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Name : |
Mr. Ramprakash Narayan Prasad Malpani |
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Designation : |
Whole Time Director |
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Address : |
KL 6-11-9, Sector-3E, Kalamboli, Navi Mumbai, Mumbai – 410218, Maharashtra, India |
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Date of Birth/Age : |
18.03.1978 |
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Date of Appointment : |
01.06.2011 |
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DIN No.: |
01664955 |
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Name : |
Mr. Mahesh Kumar Biyani |
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Designation : |
Director |
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Address : |
KL 6-11-9, Sector-3E, Kalamboli, Navi Mumbai, Mumbai – 410218, Maharashtra, India |
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Date of Birth/Age : |
13.04.1958 |
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Date of Appointment : |
29.03.2014 |
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DIN No.: |
03154291 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Bansal |
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Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Narayan Prasad Malpani |
1539898 |
20.74 |
|
Ram Prakash Malpani |
339997 |
4.58 |
|
Usha Malpani |
1452404 |
19.56 |
|
Laxmi Malpani |
72200 |
0.97 |
|
Narayan Malpani HUF |
14667 |
0.20 |
|
NPM Invetment Private Limited, India |
1655000 |
22.29 |
|
NPM Realestate Private Limited, India |
1571500 |
21.16 |
|
Jay Bhavani Metal Private Limited, India |
525000 |
7.07 |
|
Rasalika Trading and Investment Private Limited, India |
225000 |
3.03 |
|
Shrawan Singh |
30000 |
0.40 |
|
Total |
7425666 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
0.40 |
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Bodies corporate |
53.55 |
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Directors or relatives of Directors |
46.05 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Stainless Steel, Carbon
Steel, Alloy Steel Billets, Hot Rolled Bars, Bright Bars. |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
220 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Anil Bansal and Associates Chartered Accountants |
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Address : |
1001, Ijmima Complex, Raheja’s Metroplex, Link Road, Malad (West),
Mumbai – 400064, Maharashtra, India |
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PAN No.: |
AADPB0832A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises owned
or significantly influenced by key management personnel or their relatives
[AS ON 31.03.2014]: |
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CAPITAL STRUCTURE
AS ON 31.03.2015
[PROVISIONAL]
Authorised Capital :
Rs. 100.000 Million
Issued, Subscribed
& Paid-up Capital : Rs. 83.907 Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
7425666 |
Equity Shares |
Rs.10/- each |
Rs.74.257 Million |
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FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
83.907 |
74.257 |
63.110 |
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(b) Reserves & Surplus |
635.058 |
465.142 |
358.044 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
20.850 |
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Total
Shareholders’ Funds (1) + (2) |
718.965 |
539.399 |
442.004 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
256.958 |
200.942 |
197.077 |
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(b) Deferred tax liabilities (Net) |
42.245 |
49.513 |
33.263 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
1.368 |
0.772 |
0.668 |
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Total Non-current
Liabilities (3) |
300.571 |
251.227 |
231.008 |
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(4)
Current Liabilities |
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(a) Short term
borrowings |
951.121 |
707.213 |
498.804 |
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(b) Trade
payables |
319.576 |
159.676 |
102.796 |
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(c) Other
current liabilities |
94.243 |
56.775 |
76.069 |
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(d) Short-term
provisions |
47.753 |
44.242 |
12.921 |
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Total Current
Liabilities (4) |
1412.693 |
967.906 |
690.590 |
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TOTAL |
2432.229 |
1758.532 |
1363.602 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
662.874 |
490.505 |
393.478 |
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(ii)
Intangible Assets |
0.396 |
0.404 |
0.134 |
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(iii)
Capital work-in-progress |
15.129 |
8.269 |
45.251 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
75.573 |
1.093 |
0.593 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.146 |
0.053 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
753.972 |
500.417 |
439.509 |
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(2)
Current assets |
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(a)
Current investments |
4.000 |
1.000 |
0.000 |
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(b)
Inventories |
860.785 |
538.871 |
340.653 |
|
(c) Trade
receivables |
580.596 |
425.977 |
385.052 |
|
(d) Cash
and cash equivalents |
47.323 |
38.614 |
17.757 |
|
(e)
Short-term loans and advances |
185.541 |
252.948 |
180.594 |
|
(f) Other
current assets |
0.012 |
0.705 |
0.037 |
|
Total
Current Assets |
1678.257 |
1258.115 |
924.093 |
|
|
|
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|
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TOTAL |
2432.229 |
1758.532 |
1363.602 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
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SALES |
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Income |
2608.258 |
2074.390 |
1984.109 |
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Other Income |
10.196 |
3.652 |
2.071 |
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TOTAL (A) |
2618.454 |
2078.042 |
1986.180 |
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Less |
EXPENSES |
|
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Cost of Materials Consumed |
2218.187 |
1353.009 |
1332.576 |
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Purchase of Stock-in-trade |
146.111 |
362.239 |
295.660 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(317.931) |
(132.655) |
(72.742) |
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Employee Benefits Expenses |
32.946 |
24.452 |
18.086 |
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Other Expenses |
310.538 |
274.081 |
241.318 |
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TOTAL (B) |
2389.851 |
1881.126 |
1814.898 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
228.603 |
196.916 |
171.282 |
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Less |
FINANCIAL
EXPENSES (D) |
113.490 |
108.702 |
92.091 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
115.113 |
88.214 |
79.191 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
32.811 |
22.882 |
18.504 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
82.302 |
65.332 |
60.687 |
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Less |
TAX (H) |
1.463 |
21.771 |
20.072 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
80.839 |
43.561 |
40.615 |
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Earnings Per
Share (Rs.) |
12.67 |
6.90 |
6.44 |
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CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
44.194 |
16.907 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.10 |
2.10 |
2.05 |
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Operating Profit Margin (PBDIT / Sales) |
(%) |
8.76 |
9.49 |
8.63 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.51 |
3.74 |
4.61 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.12 |
0.14 |
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Debt Equity Ratio (Total Debt /Networth) |
|
1.68 |
1.68 |
1.57 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.30 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
63.110 |
74.257 |
83.907 |
|
Reserves & Surplus |
358.044 |
465.142 |
635.058 |
|
Share Application money
pending allotment |
20.850 |
0.000 |
0.000 |
|
Net worth |
442.004 |
539.399 |
718.965 |
|
|
|
|
|
|
long-term borrowings |
197.077 |
200.942 |
256.958 |
|
Short term borrowings |
498.804 |
707.213 |
951.121 |
|
Current Maturities of
Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
695.881 |
908.155 |
1208.079 |
|
Debt/Equity ratio |
1.574 |
1.684 |
1.680 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1984.109 |
2074.390 |
2608.258 |
|
|
|
4.550 |
25.736 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1984.109 |
2074.390 |
2608.258 |
|
Profit |
40.615 |
43.561 |
80.839 |
|
|
2.05% |
2.10% |
3.10% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE :
The registered office
of the company has been shifted from B-421, Steel Chamber, Kalamboli, Navi Mumbai
– 410218, Maharashtra to the present address.
UNSECURED LOANS:
|
Particulars |
31.03.2015 [Provisional] |
31.03.2014 |
|
|
(Rs. in Million) |
|
|
Long-term Borrowings |
|
|
|
Intercorporate borrowings |
NA |
1.650 |
|
Total |
NA |
1.650 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10566683 |
11/05/2015 * |
73,138,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96,, L.B.S. M |
C54421102 |
|
2 |
10559168 |
16/01/2015 |
1,085,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
SHOP NO. 1 TO 4, GREENSCAPE ROYAL,, PLOT NO. 25, |
C49121627 |
|
3 |
10559173 |
10/01/2015 |
466,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
SHOP NO. 1 TO 4, GREENSCAPE ROYAL,, PLOT NO. 25, |
C49122815 |
|
4 |
10536836 |
24/11/2014 |
838,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
RASEC DEPARTMENT, 303, ISHAN ARCADE, 3RD FLOOR,, |
C37070133 |
|
5 |
10536839 |
24/11/2014 |
1,273,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
RASEC DEPARTMENT, 303, ISHAN ARCADE, 3RD FLOOR,, |
C37071313 |
|
6 |
10536832 |
20/11/2014 |
1,638,505.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
RASEC DEPARTMENT, 303, ISHAN ARCADE, 3RD FLOOR,, |
C37069044 |
|
7 |
10536829 |
20/11/2014 |
2,530,520.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
RASEC DEPARTMENT, 303, ISHAN ARCADE, 3RD FLOOR,, |
C37068046 |
|
8 |
10283422 |
06/05/2015 * |
1,496,500,000.00 |
UNION BANK OF INDIA |
VILE PARLE (WEST) BRANCH, 11, VITHAL NAGAR C.H.S., |
C53716114 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Computer
·
Vehicles
CMT
REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
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 |
|
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.