.MIRA INFORM REPORT
|
Report No. : |
343891 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAN INDUSTRIES INDIA LIMITED |
|
|
|
|
Registered
Office : |
101, Man House, Opposite Pawan Hans, S.V. Road,
Vile Parle (West), Mumbai – 400 056, Maharashtra |
|
Tel. No.: |
91-22-66477500 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
19.05.1988 |
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Com. Reg. No.: |
11-047408 |
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Capital
Investment / Paid-up Capital : |
Rs. 285.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1988PLC047408 |
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|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM20899E |
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PAN No.: [Permanent Account No.] |
AAACM2675G |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer and Exporter of Large Diameter Carbon Steel Line Pipes. |
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No. of Employees
: |
1200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1988 annd it is a manufacturer
and exporter of large diameter carbon steel line pipes for various high
pressure transmission applications for Gas, Crude Oil, Petrochemical Products
and Potable Water. For the financial year ended 2015, the company net revenue has
declined by 35.51% over previous year net revenue but it has maintain
satisfactory profitability margins at 6.84% during the year under a review. Rating also takes into consideration its of established position in
the submerged arc welded (SAW) pipes industry supported by healthy financial
base along with sound debt protection indicators and favorable gap between
trade payables to its receivables. Trade relations are reported as fair. Payment terms are reported to be
regular and as per commitment. In view of aforesaid, 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 |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
July 07, 2005 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
July 07, 2005 |
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 PARTED BY
|
Name : |
Mr. Rahul sanghavi |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-22-66477500 |
LOCATIONS
|
Registered/ Corporate
Office : |
101, Man House, Opposite Pawan Hans, S.V.
Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Tel. No.: |
91-22-66477500/ 26108888 |
|
Fax No.: |
91-22-66477600/ 01/ 66477613 |
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E-Mail : |
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Website : |
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Factory : |
Pipe and Coating Division (Pithampur)
Plot No. 257/258 B, Sector No. 1, Pithampur Industrial Area, District :
Dhar, Pithampur - 454775, Madhya Pradesh, India Tel. No. 91-7292-253666/253659/253291 Fax No.: 91-7292-253257 PIPE AND COATING
COMPLEX (ANJAR):- (EXPANSION PROJECT) Village : Khedoi, Mundra Highway, Taluka : Anjar, District : Kutch
(Gujarat), India Tel. No : 91-2836-275751/ 275752 Fax No.: 91-2836-275750 |
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|
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Delhi : |
902, 9th Floor, Indraprakash Building, 21 Barakhamba Road, New Delhi – 110 001, India |
|
Tel No: |
91-11-23359405/ 23314473 |
|
Fax No: |
91-11-23731920 |
|
Email : |
mandelhi@maninds.org
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|
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|
Dubai : |
LOB 16, Office No.16241,
P.O Box- 18737, Jebeli Ali, UAE |
|
Tel / Fax : |
97165724626 / 4616 |
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E-Mail : |
|
|
|
|
|
|
AU-30-E, AU Tower Gold, Jumeira Lakes Towers, Dubai – UAE |
|
Tel No: |
+ 971 4 4327909 |
|
Fax No: |
+ 971 4 4328219 |
DIRECTORS
As on: 31.03.2014
|
Name : |
Mr. Ramesh C. Mansukhani |
|
Designation : |
Executive Chairman |
|
|
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|
Name : |
Mr. Nikhil Mansukhani |
|
Designation : |
Executive Director |
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|
Name : |
Mr. Ashok Gupta |
|
Designation : |
Director and Chief
Financial Officer |
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Name : |
Mr. Kirit Damania |
|
Designation : |
Director |
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|
Name : |
Mr. Pramod K. Tandon |
|
Designation : |
Director |
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|
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|
Name : |
Mr. Dhananjay
Datar |
|
Designation : |
Independent
Director |
KEY EXECUTIVES
|
Name : |
Mr. Mangesh Nabar |
|
Designation : |
Senior Vice President, Marketing and Business Development |
|
|
|
|
Name : |
Mr. Krishna Gopal Mantri |
|
Designation : |
Senior Vice President, Corporate Affairs |
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|
Name : |
Krishna Kumar Purohit |
|
Designation : |
Director - Operations |
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|
Name : |
Mr. Lalit Tolwani |
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Designation : |
Senior Vice President, Operations |
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|
Name : |
Mr. Umesh Rastogi |
|
Designation : |
Vice President, Business Development and Technical Services |
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|
Name : |
Mr. Ashok Sarkar |
|
Designation : |
Vice President, Business Development and Marketing |
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|
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|
Name : |
Mr. Sanjay Sohani |
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Designation : |
Vice President, Operations and Electricals |
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|
Name : |
Mr. Paresh Pandhakarne |
|
Designation : |
Vice president, HR and Admin |
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|
Name : |
Mr. Manoj Koul |
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Designation : |
Assistant Vice President – Legal and Secretarial |
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BOARD
COMMITTEES : |
|
|
Audit
Committee: |
Mr. Kirit N. Damania (Chairman) Mr. Pramod Tandon Mr. Dhananjay Datar |
|
|
|
|
Shareholders/ Investors Grievance
Committee : |
Mr. Pramod Tandon (Chairman) Mr. Kirit N. Damania Mr. Dhananjay Datar |
SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
21542694 |
37.73 |
|
|
7768451 |
13.60 |
|
|
29311145 |
51.33 |
|
|
|
|
|
|
1791071 |
3.14 |
|
|
1791071 |
3.14 |
|
Total
shareholding of Promoter and Promoter Group (A) |
31102216 |
54.47 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
8600 |
0.02 |
|
|
29284 |
0.05 |
|
|
911682 |
1.60 |
|
|
3487984 |
6.11 |
|
|
4437550 |
7.77 |
|
|
|
|
|
|
5757741 |
10.08 |
|
|
|
|
|
|
6984588 |
12.23 |
|
|
2988683 |
5.23 |
|
|
5832277 |
10.21 |
|
|
1219256 |
2.14 |
|
|
433329 |
0.76 |
|
|
2361511 |
4.14 |
|
|
1818181 |
3.18 |
|
|
21563289 |
37.76 |
|
Total Public
shareholding (B) |
26000839 |
45.53 |
|
Total (A)+(B) |
57103055 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
57103055 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Large Diameter Carbon Steel Line Pipes. |
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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, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
1200 (Approximately) |
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Bankers : |
· State Bank of India Commercial Branch, Indore and Overseas Branch, Mumbai, Maharashtra, India · Bank of Baroda Mumbai Main Branch, Fort, Mumbai, Maharashtra, India · ICICI Bank Limited Mumbai Main Branch, Fort, Mumbai, Maharashtra, India ·
Axis
Bank Fort Branch,
Mumbai, Maharashtra, India · Corporation Bank IFB, Fort, Mumbai,
Maharashtra, India · Union Bank of India Fort, Mumbai
Maharashtra, India ·
Bank of
India Andheri, Mumbai,
Maharashtra, India ·
IDBI Bank |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Rohira Mehta and Associates Chartered
Accountants |
|
Address : |
B-202, 2nd Floor, Grand Bella Vista, Near Jari Mari Temple,
S. V. Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Tel. No.: |
91-22-42084500 |
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Fax No.: |
91-22-42084501 |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiaries : |
·
Man Infraprojects Limited ·
Man Overseas Metal DMCC ·
Man USA incorporation |
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|
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|
Subsidiary of Man Infraprojects Limited : |
·
Merino Shelters Private Limited |
|
|
|
|
Enterprises Controlled or significantly influenced by key management
personnel or their relatives with whom transaction have occurred : |
·
Seven Star Wellness Private Limited ·
Man Finance Limited ·
Ardeuir Apparel Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2015
Authorized Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs. 285.500
Million
As on: 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.5/- each |
Rs.400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
57103055 |
Equity Shares |
Rs.10/- each |
Rs.285.515
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
285.500 |
285.515 |
298.835 |
|
(b) Reserves & Surplus |
4600.800 |
6347.074 |
6824.447 |
|
(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) |
4886.300 |
6632.589 |
7123.282 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2646.900 |
3097.606 |
2985.675 |
|
(b) Deferred tax liabilities
(Net) |
424.000 |
536.772 |
525.878 |
|
(c) Other long term
liabilities |
14.400 |
8.039 |
33.422 |
|
(d) long-term provisions |
144.000 |
131.396 |
129.303 |
|
Total
Non-current Liabilities (3) |
3229.300 |
3773.813 |
3674.278 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1195.400 |
1087.282 |
2376.594 |
|
(b) Trade payables |
3984.000 |
3625.565 |
2235.168 |
|
(c) Other current liabilities |
996.300 |
446.595 |
613.448 |
|
(d) Short-term provisions |
190.800 |
213.094 |
256.029 |
|
Total
Current Liabilities (4) |
6366.500 |
5372.536 |
5481.239 |
|
|
|
|
|
|
TOTAL |
14482.100 |
15778.938 |
16278.799 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3535.300 |
4031.815 |
3933.854 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
34.000 |
19.276 |
32.643 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1010.000 |
190.096 |
189.246 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
741.200 |
267.024 |
888.488 |
|
(e) Other Non-current assets |
415.000 |
498.125 |
529.855 |
|
Total
Non-Current Assets |
5735.500 |
5006.336 |
5574.086 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
8.900 |
15.924 |
107.059 |
|
(b) Inventories |
1360.100 |
1154.149 |
1727.025 |
|
(c) Trade receivables |
4655.800 |
4655.800 |
2983.500 |
|
(d) Cash and cash equivalents |
1483.200 |
1784.320 |
1687.462 |
|
(e) Short-term loans and
advances |
1110.800 |
4787.904 |
3935.611 |
|
(f) Other current assets |
127.800 |
205.250 |
264.056 |
|
Total
Current Assets |
8746.600 |
10772.602 |
10704.713 |
|
|
|
|
|
|
TOTAL |
14482.100 |
15778.938 |
16278.799 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31..03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6548.200 |
10052.849 |
14618.171 |
|
|
|
Other Income |
133.500 |
308.012 |
796.988 |
|
|
|
TOTAL (A) |
6681.700 |
10360.861 |
15415.159 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4303.000 |
7138.267 |
9945.779 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
1222.038 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
563.300 |
(199.576) |
338.205 |
|
|
|
Employees benefits expense |
112.000 |
376.906 |
425.499 |
|
|
|
Other expenses |
733.600 |
965.236 |
1914.853 |
|
|
|
Exceptional items |
0.000 |
0.000 |
540.695 |
|
|
|
construction Cost |
113.000 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
|
9502.871 |
13165.031 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
856.800 |
857.990 |
2250.128 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
173.800 |
417.637 |
441.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
683.000 |
440.353 |
1808.854 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
140.400 |
317.698 |
387.531 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
542.600 |
122.655 |
1421.323 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
94.700 |
33.705 |
413.909 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
447.900 |
88.950 |
1007.414 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Profit and loss appropriations |
NA |
(13.000) |
6.300 |
|
|
|
Transfer to General Reserve |
NA |
6.700 |
100.700 |
|
|
|
Proposed Dividend |
NA |
57.100 |
119.500 |
|
|
|
Provision For Taxations – Dividend |
NA |
9.700 |
20.300 |
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
3794.900 |
10993.800 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
2326.630 |
8843.692 |
|
|
|
Others |
NA |
82.893 |
109.289 |
|
|
TOTAL IMPORTS |
NA |
2409.523 |
8952.981 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.84 |
1.56 |
17.32 |
|
Expected Sales (2015-2016): Rs. 17000.000 Million
The above information has been parted by Mr. Rahul Sanghvi
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31..03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
197.720 |
0.000 |
|
Cash generated from operations |
NA |
2493.518 |
(4056.026) |
|
Net cash flow from (used in) operation |
NA |
2471.126 |
(4433.633) |
QUARTERLY RESULTS
(Rs.
In Million)
|
PARTICULARS |
30.06.2015 Unaudited |
|
Net Sales |
4053.000 |
|
Total Expenditure |
3730.500 |
|
PBIDT (Excl OI) |
322.500 |
|
Other Income |
160.300 |
|
Operating Profit |
482.800 |
|
Interest |
135.900 |
|
Exceptional Items |
NA |
|
PBDT |
346.900 |
|
Depreciation |
93.900 |
|
Profit Before Tax |
253.000 |
|
Tax |
75.900 |
|
Provisions and contingencies |
NA |
|
Profit After Tax |
177.100 |
|
Extraordinary Items |
NA |
|
Prior Period Expenses |
NA |
|
Other Adjustments |
NA |
|
Net Profit |
177.100 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.84 |
0.88 |
6.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
13.08 |
8.53 |
15.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.04 |
0.79 |
8.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.02 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
0.66 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
2.01 |
1.95 |
STOCK
PRICES
|
Face Value |
Rs. 5.00/- |
|
Market Value |
Rs. 102.35/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
298.835 |
285.515 |
285.500 |
|
Reserves & Surplus |
6824.447 |
6347.074 |
4600.800 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7123.282 |
6632.589 |
4886.300 |
|
|
|
|
|
|
long-term borrowings |
2985.675 |
3097.606 |
2646.900 |
|
Short term borrowings |
2376.594 |
1087.282 |
1195.400 |
|
Current maturities of
long-term debts |
0.000 |
197.720 |
NA |
|
Total
borrowings |
5362.269 |
4382.608 |
3842.300 |
|
Debt/Equity
ratio |
0.753 |
0.661 |
0.786 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14618.171 |
10052.849 |
6548.200 |
|
|
|
(31.230) |
(34.862) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
14618.171 |
10052.849 |
6548.200 |
|
Profit |
1007.414 |
88.950 |
447.900 |
|
|
6.89% |
0.88% |
6.84% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As on 31.03.2015 |
As on 31.03.2014 |
|
SHORT TERM
BORROWINGS: |
|
|
|
FROM BANK |
|
|
|
Rupee loans |
NA |
265.749 |
|
Total |
NA |
265.749 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10393477 |
29/11/2012 |
19,900,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN ., GROUND
FLOOR, 17, R.KAMANI MARG,, BA |
B64718737 |
|
2 |
10363370 |
09/06/2012 |
1,000,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI - 390007, VADODARA, GUJARAT, INDIA |
B42775023 |
|
3 |
10355080 |
12/12/2012 * |
2,987,380,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND
FLOOR, 17, R.KAMANI MARG,, BA |
B65585002 |
|
4 |
80012745 |
02/05/2012 * |
17,400,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH,
WORLD TRADE CENTRE,, POST BOX NO |
B39435193 |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH JUNE 2015
(Rs. in million)
|
Sr. No. |
Particulars |
Quarter Ended |
|
30.06.2015 |
||
|
Unaudited |
||
|
Part I |
|
|
|
1. |
Income from Operations |
|
|
|
a) Net Sales / Income
from Operations |
4038.900 |
|
|
b) Other Operating Income |
14.100 |
|
|
Total Income from
Operations (net) |
4053.000 |
|
2. |
Expenditure |
|
|
|
a) Cost of materials
consumed |
3189.800 |
|
|
b) Purchase of
stock-in-trade |
-- |
|
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
50.600 |
|
|
d) Employee benefits
expense |
101.800 |
|
|
e) Depreciation and
amortisation expense |
93.900 |
|
|
f) Power and Fuel Charges |
0.000 |
|
|
g) Other expenses |
388.300 |
|
|
Total Expenses |
3824.400 |
|
3. |
Profit/ (Loss) from Operations before Other Income,
Exchange gain/(loss), Finance costs and Exceptional items (1-2) |
228.600 |
|
4. |
Other Income |
160.300 |
|
5. |
Profit /(Loss) from Ordinary activities before finance costs and
Exceptional items (3+4a+4b) |
388.900 |
|
6. |
Finance
Costs |
135.900 |
|
7. |
Profit
/ (Loss) from ordinary activities after Finance costs but before Exceptional
items (5-6) |
253.000 |
|
8. |
Exceptional
items |
-- |
|
9. |
Profit/
(Loss) from ordinary activities before tax (7+8) |
253.000 |
|
10. |
Tax
expenses |
75.900 |
|
11. |
Net
Profit / (Loss) from ordinary activities after tax (9-10) |
177.100 |
|
12. |
Extraordinary items |
-- |
|
13. |
Net Profit / (Loss) for the period (11+12) |
177.100 |
|
14. |
Paid-up equity share
capital (Face Value of Rs. 10 per share) |
285.500 |
|
15. |
Reserve excluding
Revaluation reserve |
|
|
16. |
Earnings Per Share (EPS)
before and after extraordinary items (of Rs. 10/- each) a) Basic b) Diluted |
3.10 3.10 |
|
|
|
|
|
Part II |
|
|
|
A. |
PARTIULARS
OF SHAREHOLDINGS |
|
|
|
Public Shareholding |
|
|
|
- Number of Shares |
26000839 |
|
|
- Percentage of
Shareholding |
45.53% |
|
|
Promoters and Promoter Group Shareholding |
|
|
|
a) Pledged/Encumbered |
|
|
|
- Number of Shares |
22154700 |
|
|
- Percentage of Shares (as
a % of the Total Shareholding of promoter and promoter group) |
71.23% |
|
|
- Percentage of Shares
(as a % of the Total Share Capital of the Company) |
38.80% |
|
|
b) Non Encumbered |
|
|
|
- Number of Shares |
8947516 |
|
|
- Percentage of Shares (as
a % of the Total Shareholding of Promoter and Promoter Group) |
28.77% |
|
|
- Percentage of Shares
(as a % of the Total Share Capital of the Company) |
15.67% |
|
PARTICULARS |
For the quarter ended 30th June 2015 |
|
B INVESTORS
COMPLAINTS |
|
|
Pending at
the beginning of the quarter |
Nil |
|
Received
during the quarter |
47 |
|
Disposed
during the quarter |
47 |
|
Remaining
unresolved at the end of the quarter |
Nil |
Note:
1. The un-audited Financial Results were reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the Company held on July 16, 2015.
2. M/S. Merino Shelters Pvt. Ltd. has become wholly owned subsidiary of the Company by virtue of approval of scheme of arrangement by Hon'ble High Court, Bombay vide order dated 20.03.2015 and all subsidiaries results shall be consolidated at the end of the year.
3. Previous period figures have been re-grouped and re-arranged whenever necessary.
FIXED ASSETS:
· Land
· Factory Building
· Office Premises
· Plant and Machinery
· Furniture and Fixtures
· Vehicles
· Office Equipment
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. 65.55 |
|
UK Pound |
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.