MIRA
INFORM REPORT
|
Report No. : |
346318 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAMA PULP AND PAPERS LIMITED |
|
|
|
|
Registered
Office : |
Nath House, |
|
Tel. No.: |
91-240-2376314 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.07.1980 |
|
|
|
|
Com. Reg. No.: |
11-022820 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L21010MH1980PLC022820 |
|
|
|
|
IEC No.: |
0388054549 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14611C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR7243K |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Manufacturing and Trading of Various types of Papers such as
Writing and Printing, Absorbent Kraft, Carbon Base, Poster and Napkin Grade
Tissue Paper. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Exists |
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|
|
|
Comments : |
Subject was incorporated on 9th July, 1980 as a private
limited company, was reconstituted as a public limited company in 1983. The
company began operation at Vapi (Gujarat) for manufacturing industrial paper.
It has moderate track record. The company possesses a decent profile marked by adequate networth
base along with fair liquidity and profitability. Further, the ratings also take into consideration, a minimal share
price of Rs. 8.25/- recorded by the company as against a face value of Rs. 10
as on October 21, 2015. Trade relations are fair. Business is active. Payment are reported to
be slow and delayed The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk |
|
Date |
February 4, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk |
|
Date |
February 4, 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 PARTED BY
|
Name : |
Mr. Mahesh Mehta |
|
Designation : |
Direcrtor |
|
Contact No.: |
91-22-32550994 |
|
Date : |
21.10.2015 |
LOCATIONS
|
Registered Office : |
Nath House, Nath Road, Aurangabad – 431005, Maharashtra, India |
|
Tel. No.: |
91-240-2376313/ 14/ 15/
16/17/ 2376764 |
|
Mobile No.: |
91-9374992144 (Mr. Amol) |
|
Fax No.: |
91-240-2376318 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Head /Administrative Office : |
1, Chateau |
|
Tel. No.: |
91-22-22875653/
54/ 55/ 22854937 |
|
Fax No.: |
91-22-22875652 |
|
|
|
|
Factory : |
Plot No. 293 - 296, Phase II, G.I.D.C, Phase II, Vapi - 396195,
Gujarat, India |
|
Tel No.: |
91-260-2992115/ 3296710 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Mahesh Mehta |
|
Designation : |
Director |
|
Date of Birth/Age : |
20.09.1952 |
|
Qualification : |
B.Sc., MA, LL.B, ACS, AICWA |
|
Experience in
special functional area : |
Finance and Administration |
|
Date of Appointment
: |
21.10.1997 |
|
|
|
|
Name : |
Ramniklal Salgia |
|
Designation : |
Independent Director |
|
Address : |
|
|
Date of Birth/Age : |
24.04.1955 |
|
Qualification : |
M.Sc. |
|
Experience in
special functional area : |
Material Management |
|
Date of Appointment
: |
30.09.2003 |
|
DIN No. : |
02704031 |
|
|
|
|
Name : |
Akhilesh K. Sharma |
|
Designation : |
Director |
|
Date of Birth/Age : |
24.04.1955 |
|
Date of Appointment : |
30.09.2003 |
KEY EXECUTIVES
|
Name : |
Ms. Neha P. Agrawal |
|
Designation : |
Company Secretary |
SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
2668059 |
24.26 |
|
|
2668059 |
24.26 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
2668059 |
24.26 |
|
(B) Public
Shareholding |
|
|
|
|
|
|
|
|
11400 |
0.10 |
|
|
11400 |
0.10 |
|
|
|
|
|
|
3019217 |
27.45 |
|
|
|
|
|
|
3243693 |
29.49 |
|
|
1892191 |
17.20 |
|
|
165440 |
1.50 |
|
|
2700 |
0.02 |
|
|
162740 |
1.48 |
|
|
8320541 |
75.64 |
|
Total Public shareholding
(B) |
8331941 |
75.74 |
|
Total (A)+(B) |
11000000 |
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) |
11000000 |
0.00 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Sl.No. |
Name of the
Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
1 |
Akash Farms Private Limited |
24,74,494 |
22.50 |
|
2 |
Jeevan Farms Private Limited |
1,29,315 |
1.18 |
|
3 |
Prabha Farms Private Limited |
64,250 |
0.58 |
|
|
Total |
26,68,059 |
24.26 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares
held |
Shares as % of
Total No. of Shares |
|
|
1 |
Mansukhlal Amritlal Sanghrajka |
197956 |
1.80 |
|
|
2 |
Tapovan Farms Private Limited |
1081000 |
9.83 |
|
|
3 |
Mayo Farms Private Limited |
1625000 |
14.77 |
|
|
4 |
Ritman Concrete Private Limited |
408433 |
3.71 |
|
|
5 |
Harinder Singh Dhaliwal |
128218 |
1.17 |
|
|
|
Total |
3440607 |
31.28 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons (together with PAC) belonging to the category “Public”
and holding more than 5% of the total number of shares of the company
|
Sl. No. |
Name(s) of the
shareholder(s) and the Persons Acting in Concert (PAC) with them |
No. of Shares |
Shares as % of
Total No. of Shares |
|
|
1 |
Tapovan Farms Private Limited |
1081000 |
9.83 |
|
|
2 |
Mayo Farms Private Limited |
1625000 |
14.77 |
|
|
|
Total |
2706000 |
24.60 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Various types of Papers such
as Writing and Printing, Absorbent Kraft, Carbon Base, Poster and Napkin
Grade Tissue Paper. |
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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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||||||
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
Axis Bank Limited |
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Facilities : |
(Rs.
In Million)
NOTE SHORT TERM BORROWINGS * Working Capital Loan is Secured by first charge on
entire current asset including Raw Materials, Work in Process, Finished Goods
and Book Debts present and future. Also collateral security of extension of
charge of mortgage of Factory Land and Building in the name of the Company
situated at Vapi and first charge on entire fixed assets of the company
existing and future and corporate guarantee by Akash Farms Private Limited
and personal guarantee of Promoter, Director of Akash Farms Private Limited |
||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
N. R. Agrawal and Company Chartered Accountants Chartered Accountant |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital: Not Divulged
Issued, Subscribed & Paid-up Capital: Rs. 110.000
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs. 125.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Million |
|
|
|
|
|
NOTE
(a) Reconciliation of
Number of Shares
|
Particulars |
No. of Shares |
|
Shares Outstanding as at beginning of the year |
11000000 |
|
Shares Outstanding as at end of the year |
11000000 |
(b) List of Shareholders
holding more than 5% of the total Number of Share issued by the Company
|
Name of
Shareholders |
Percentage of Holding |
No. of Shares |
|
Akash Farms Private Limited |
22.50% |
2474494 |
|
Tapovan Farms Private Limited |
9.83% |
1081000 |
|
Mayo Farms Private Limited |
14.77% |
1625000 |
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 |
110.000 |
110.000 |
110.000 |
|
(b) Reserves & Surplus |
305.704 |
295.962 |
276.482 |
|
(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) |
415.704 |
405.962 |
386.482 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.653 |
2.631 |
2.147 |
|
(b) Deferred tax liabilities (Net) |
12.810 |
13.449 |
8.998 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.570 |
2.077 |
1.579 |
|
Total Non-current Liabilities (3) |
17.033 |
18.157 |
12.724 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
49.432 |
72.650 |
64.116 |
|
(b) Trade payables |
39.854 |
49.509 |
31.399 |
|
(c) Other current
liabilities |
19.863 |
16.994 |
18.415 |
|
(d) Short-term provisions |
10.228 |
11.710 |
1.414 |
|
Total Current Liabilities (4) |
119.377 |
150.863 |
115.344 |
|
|
|
|
|
|
TOTAL |
552.114 |
574.982 |
514.550 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
149.748 |
160.176 |
150.584 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
5.923 |
3.299 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
142.322 |
132.885 |
125.177 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
297.993 |
296.360 |
275.761 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.310 |
3.310 |
0.000 |
|
(b) Inventories |
73.772 |
77.726 |
51.409 |
|
(c) Trade receivables |
141.542 |
161.686 |
155.867 |
|
(d) Cash and cash
equivalents |
13.082 |
3.479 |
2.873 |
|
(e) Short-term loans and
advances |
22.415 |
32.421 |
28.640 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
254.121 |
278.622 |
238.789 |
|
|
|
|
|
|
TOTAL |
552.114 |
574.982 |
514.550 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
944.463 |
858.088 |
711.940 |
|
|
Other Income |
1.232 |
1.992 |
1.326 |
|
|
TOTAL |
945.695 |
860.080 |
713.266 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
443.187 |
422.451 |
319.688 |
|
|
Purchases of Stock-in-Trade |
188.932 |
123.794 |
113.370 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.886) |
(20.159) |
(4.331) |
|
|
Employees benefits expense |
35.033 |
30.886 |
24.395 |
|
|
Other expenses |
227.069 |
240.090 |
201.443 |
|
|
TOTAL |
893.335 |
797.062 |
654.565 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
52.360 |
63.018 |
58.701 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.330 |
10.121 |
10.876 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.030 |
52.897 |
47.825 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.860 |
12.777 |
10.203 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
33.170 |
40.120 |
37.622 |
|
|
|
|
|
|
|
Less |
TAX |
7.505 |
14.470 |
8.876 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
25.665 |
25.650 |
28.746 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Receipt - Against Export Goods |
NA |
24.942 |
26.479 |
|
|
TOTAL EARNINGS |
NA |
24.942 |
26.479 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.33 |
2.33 |
2.61 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
36.857 |
13.449 |
QUARTERLY RESULTS
(Rs.
In Million)
|
PARTICULARS |
30.06.2015 |
|
Type |
|
|
Net Sales |
228.680 |
|
Total Expenditure |
215.550 |
|
PBIDT (Excl OI) |
13.130 |
|
Other Income |
0.320 |
|
Operating Profit |
13.450 |
|
Interest |
2.080 |
|
Exceptional Items |
NA |
|
PBDT |
11.370 |
|
Depreciation |
2.720 |
|
Profit Before Tax |
8.650 |
|
Tax |
2.000 |
|
Provisions and
contingencies |
NA |
|
Profit After Tax |
6.650 |
|
Extraordinary
Items |
NA |
|
Prior Period
Expenses |
NA |
|
Other Adjustments |
NA |
|
Net Profit |
6.650 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.72 |
2.99 |
4.04 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.54 |
7.34 |
8.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.07 |
7.02 |
7.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.10 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.19 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13 |
1.85 |
2.07 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. 8.25/- |
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 |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
276.482 |
295.962 |
305.704 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
386.482 |
405.962 |
415.704 |
|
|
|
|
|
|
long-term borrowings |
2.147 |
2.631 |
1.653 |
|
Short term borrowings |
64.116 |
72.650 |
49.432 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
66.263 |
75.281 |
51.085 |
|
Debt/Equity
ratio |
0.171 |
0.185 |
0.123 |
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 |
711.940 |
858.088 |
944.463 |
|
|
|
20.528 |
10.066 |
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 |
711.940 |
858.088 |
944.463 |
|
Profit |
28.746 |
25.650 |
25.665 |
|
|
4.04% |
2.99% |
2.72% |
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 |
No |
|
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 |
LITIGATION DETAILS
|
HIGH COURT OF BOMBAY |
||||||
|
CASE DETAILS |
||||||
|
BENCH:- BOMBAY |
||||||
|
PRESENTATION DATE:- 26/08/2013 |
||||||
|
STAMP NO:- ITXAL/1382/2013 |
FILING DATE:- 26/08/2013 |
REG. NO.: ITXA/2291/2013 |
REG. DATE: 10/12/2013 |
|||
|
PETITIONER:- |
COMMISSIONER OF INCOME TAX |
RESPONDENT:- |
RAMA PULP AND PAPER LTD.- |
|||
|
PETN.ADV:- |
SURESH KUMAR |
|
|
|||
|
DISTRICT:- |
MUMBAI |
|||||
|
|
||||||
|
BENCH:- |
DIVISION |
|
|
|||
|
STATUS:- |
PRE-ADMISSION |
CATEGORY:- |
TAX APPEALS |
|||
|
LAST DATE:- |
14/11/2014 |
STAGE:- |
|
|||
|
LAST CORAM:- |
ACCODING TO SITTING LIST ACCODING TO SITTING LIST |
|||||
|
|
|
|||||
|
ACT:- |
INCOME TAX ACT, 1961 |
|||||
|
UNDER SECTION:- |
260A |
|||||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10236680 |
22/05/2013 * |
140,000,000.00 |
STATE BANK OF PATIALA |
WODEHOUSE ROAD BRANCH, 37, LALIT BULIDING, NATHALAL PARIKH MARG, COLABA, MUMBAI, MAHARASHTRA - 400001, INDIA |
B77109056 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from Others |
NA |
1.190 |
|
Total |
NA |
1.190 |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH JUNE 2015
(Rs. in million)
|
Particulars |
Quarter Ended |
|
30.06.2015 |
|
|
Unaudited |
|
|
|
|
|
Income from
Operations |
|
|
a)
Net Sales / Income from Operations |
228.680 |
|
b)
Other Operating Income |
0.317 |
|
Total
Income from Operations (net) |
228.997 |
|
Expenditure |
|
|
a)
Cost of materials consumed |
105.242 |
|
b)
Purchase of stock-in-trade |
43.156 |
|
c) Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(1.777) |
|
d)
Employee benefits expense |
7.832 |
|
e)
Depreciation and amortisation expense |
2.715 |
|
f) Power and Fuel Charges |
0.000 |
|
g)
Other expenses |
61.099 |
|
Total Expenses |
220.347 |
|
Profit/ (Loss) from ordinary activities
before tax |
8.650 |
|
Tax expenses |
2.000 |
|
Profit before Income Tax |
6.650 |
|
Add
: Deferred Tax |
-- |
|
Net Profit |
6.650 |
|
Paid-up equity share capital (Face Value of Rs. 10 per share) |
0.001 |
|
Reserve excluding Revaluation reserve |
NA |
|
Earnings Per Share (EPS) before and after extraordinary items (of Rs.
10/- each) a) Basic b) Diluted |
0.60 0.60 |
|
|
|
|
|
|
|
PARTIULARS OF SHAREHOLDINGS |
|
|
Public
Shareholding |
|
|
- Number of Shares |
8331941 |
|
- Percentage of Shareholding |
75.74% |
|
Promoters and
Promoter Group Shareholding |
|
|
a)
Pledged/Encumbered |
|
|
- Number of Shares |
0.405 |
|
- Percentage of Shares (as a % of the Total Shareholding of promoter
and promoter group) |
15.18% |
|
- Percentage of Shares (as a % of the Total Share Capital of the
Company) |
3.68% |
|
b) Non
Encumbered |
|
|
- Number of Shares |
2263059 |
|
- Percentage of Shares (as a % of the Total Shareholding of Promoter
and Promoter Group) |
84.82% |
|
- Percentage of Shares (as a % of the Total Share Capital of the
Company) |
20.57% |
|
PARTICULARS |
For the quarter ended 30th June 2015 |
|
B INVESTORS COMPLAINTS |
|
|
Pending at the beginning of the quarter |
Nil |
|
Received during the quarter |
Nil |
|
Disposed during the quarter |
Nil |
|
Remaining unresolved at the end of the quarter |
Nil |
FIXED ASSETS
Tangible Assets
· Lease Hold Land
Building
Plant
and Equipment
Furniture
and Fixture
Vehicles
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. 65.15 |
|
UK Pound |
1 |
Rs. 100.54 |
|
Euro |
1 |
Rs. 73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.