MIRA INFORM REPORT
|
Report No. : |
341257 |
|
Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
NKM International House, 5th Floor, 178
Backbay Reclamation, Behind LIC
Yogakshema Building, Babubhai Chinai Road, Mumbai – 400020, Maharashtra |
|
Tel. No.: |
91-22-44770000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
29.09.1988 |
|
|
|
|
Com. Reg. No.: |
11-049019 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.151.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L60300MH1988PLC049019 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR15437C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR7637P |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
The company is mainly engaged in Infrastructure activity. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (77) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
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|
|
|
Comments : |
Subject is a part of Reliance Group Countries Premier Industries House
owned by Mukesh Ambani. The company is a part of strong group, it has potential operational
activity marked by steady growth in its revenue profile along with decent
profitability margin. The rating derives the strong financial risk profile, comfortable
capital structure, adequate net worth position along with zero debt balance
sheet profile. It possesses high performance capability. The company gets healthy financial and managerial support from its
group companies, it has vast and diversify business environment.
Subsequently, the stock started to trend higher and has been on an
intermediate-term uptrend. Trade relations are reported as fair. Business is active. Payments are
reported to be correct and as per commitment. In view of experiences promoters, the company can be considered for
business dealings at usual trade terms and condition. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DINIED
MANAGEMENT NON COOPERATIVE (91-22-44770000/ 44775000)
LOCATIONS
|
Registered Office : |
NKM International House, 5th Floor, 178
Backbay Reclamation, Behind LIC
Yogakshema Building, Babubhai Chinai Road, Mumbai – 400020, Maharashtra,
India |
|
Tel. No.: |
91-22-44779053/ 44770000/ 44775000 |
|
Fax No.: |
91-22-44779052 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Mahesh Kalidas Kamdas |
|
Designation : |
Chairman |
|
Address : |
2201 , Chaitanya Towers , 'C' Wing , App Asaheb Marathe Marg , Prabhadevi , Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1951 |
|
Date of Appointment : |
23.07.1990 |
|
Din No.: |
00013915 |
|
|
|
|
Name : |
Mr. Chandra Raj Mehta |
|
Designation : |
Director |
|
Address : |
A/602, Shilp Near Deepak Cinema, P B Marg, Worli, Mumbai – 400013,
Maharashtra, India |
|
Date of Birth/Age : |
16.03.1939 |
|
Date of Appointment : |
29.08.2006 |
|
Din No.: |
00002011 |
|
|
|
|
Name : |
Mr. Sandeep Hemendra Junnarkar |
|
Designation : |
Director |
|
Address : |
Flat No.1702, Wallace Apartment, Naushir Bharucha Marg, Mumbai –
400007, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1951 |
|
Date of Appointment : |
27.04.1991 |
|
Din No.: |
00003534 |
|
|
|
|
Name : |
Mr. Subhashchandra Anantram Malhotra |
|
Designation : |
Director |
|
Address : |
602, Tulsi Shyam Chs Limited, Highway Junction Road, Thane (West),
Mumbai – 400604, Maharashtra, India |
|
Date of Birth/Age : |
13.11.1940 |
|
Date of Appointment : |
16.12.1989 |
|
Din No.: |
00013967 |
|
|
|
|
Name : |
Mr. Dilipkumar Vittaldas Dherai |
|
Designation : |
Executive Director |
|
Address : |
Flat No.504, 5th Floor, Sayadhari Neelkanth Valley,
Ghatkoper (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
01.07.1994 |
|
Din No.: |
00011789 |
|
|
|
|
Name : |
Mr. Bhama Krishnamurthy |
|
Designation : |
Director |
|
Date of Appointment : |
26.03.2015 |
KEY EXECUTIVES
|
Name : |
Mr. K. Sridhar |
|
Designation : |
Company Secretary and Compliance Officer |
|
|
|
|
Name : |
Mr. Tapas Mitra |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Audit Committee: |
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|
|
|
Stakeholders Relationship Committee : |
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|
|
|
|
Nomination and Remuneration Committee : |
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|
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|
Corporate Social Reasonability Committee : |
|
SHAREHOLDING PATTERN
AS ON 30.06.2015
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding
as a % of Total No. of Shares |
|
(A)
Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
6860064 |
45.43 |
|
|
6860064 |
45.43 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
6860064 |
45.43 |
|
(B)
Public Shareholding |
||
|
|
|
|
|
|
920 |
0.01 |
|
|
32209 |
0.21 |
|
|
49056 |
0.32 |
|
|
82185 |
0.54 |
|
|
|
|
|
|
1351074 |
8.95 |
|
|
|
|
|
|
6243371 |
41.35 |
|
|
345608 |
2.29 |
|
|
217698 |
1.44 |
|
|
129531 |
0.86 |
|
|
85607 |
0.57 |
|
|
1000 |
0.01 |
|
|
1560 |
0.01 |
|
|
8157751 |
54.02 |
|
Total
Public shareholding (B) |
8239936 |
54.57 |
|
Total
(A)+(B) |
15100000 |
100.00 |
|
(C) Shares
held by Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
15100000 |
100.00 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons
belonging to the category Promoter and Promoter Group
|
l.No. |
Name of the
Shareholder |
Details of Shares
held |
Total shares
(including underlying shares assuming full conversion of warrants and
convertible securities) as a % of diluted share capital |
|
|
No. of Shares held |
As a % of grand
total (A)+(B)+(C) |
|||
|
1 |
Reliance Industries
Limited |
68,60064 |
45.43 |
45.43 |
|
|
Total |
6860064 |
45.43 |
45.43 |
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 |
Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital |
|
|
1 |
Reliance Capital Limited |
160100 |
1.06 |
1.06 |
|
|
|
Total |
160100 |
1.06 |
1.06 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged in Infrastructure activity. |
|
|
|
|
Products / Services |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
|
||||||||||||||||||||||
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|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers 212, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
|
|
|
Solicitors and Advocates : |
Kanga and Company |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entity exercising
significant influence: |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15100000 |
Equity Shares |
Rs.10/- each |
Rs.151.000
Million |
|
|
|
|
|
The details of
Shareholder holding more than 5% shares:
|
Name of Shareholder |
31.03.2015 |
|
|
|
No. of Shares |
% held |
|
Reliance Industries Limited |
6860064 |
45.43 |
|
|
|
|
The reconciliation of
the number of shares outstanding is set out below:
|
Name of Shareholder |
|
31.03.2015 |
|
|
|
No. of Shares |
|
Equity Shares at the beginning of the year |
|
15,100,000 |
|
Add : Share Issued during the year |
|
-- |
|
|
|
|
|
Equity Shares at
the end of the year |
|
15,100,000 |
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 |
151.000 |
151.000 |
151.000 |
|
(b) Reserves & Surplus |
2492.044 |
2345.521 |
2168.656 |
|
(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) |
2643.044 |
2496.521 |
2319.656 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
267.466 |
293.130 |
261.917 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
267.466 |
293.130 |
261.917 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
148.004 |
161.923 |
125.503 |
|
(c) Other current liabilities |
75.852 |
103.814 |
232.081 |
|
(d) Short-term provisions |
78.279 |
73.477 |
78.377 |
|
Total
Current Liabilities (4) |
302.135 |
339.214 |
435.961 |
|
|
|
|
|
|
TOTAL |
3212.645 |
3128.865 |
3017.534 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
702.227 |
756.175 |
528.186 |
|
(ii) Intangible Assets |
409.985 |
465.623 |
423.714 |
|
(iii) Capital work-in-progress |
33.056 |
30.537 |
91.294 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
919.543 |
871.743 |
67.737 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
115.755 |
258.428 |
1137.343 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2180.566 |
2382.506 |
2248.274 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
676.000 |
331.000 |
287.500 |
|
(b) Inventories |
11.151 |
10.429 |
11.261 |
|
(c) Trade receivables |
159.951 |
181.140 |
193.972 |
|
(d) Cash and cash equivalents |
23.773 |
10.311 |
26.949 |
|
(e) Short-term loans and
advances |
161.204 |
213.479 |
249.578 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1032.079 |
746.359 |
769.260 |
|
|
|
|
|
|
TOTAL |
3212.645 |
3128.865 |
3017.534 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
900.933 |
848.320 |
802.651 |
|
|
Other Income |
98.479 |
71.155 |
89.538 |
|
|
TOTAL |
999.412 |
919.475 |
892.189 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
160.293 |
141.161 |
131.960 |
|
|
Other expenses |
478.825 |
339.917 |
304.802 |
|
|
TOTAL
|
639.118 |
481.078 |
436.762 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
360.294 |
438.397 |
455.427 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
113.300 |
102.392 |
101.511 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
246.994 |
336.005 |
353.916 |
|
|
|
|
|
|
|
Less |
TAX |
26.275 |
94.607 |
110.112 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
220.719 |
241.398 |
243.804 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
NA |
100.000 |
200.000 |
|
|
Dividend |
NA |
52.800 |
56.600 |
|
|
Tax on Dividend |
NA |
9.000 |
9.700 |
|
|
Total
(M) |
NA |
161.800 |
266.300 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
220.719 |
79.598 |
-22.496 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
NA |
115.905 |
54.051 |
|
|
TOTAL
IMPORTS |
NA |
0.000 |
54.051 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
14.62 |
15.99 |
16.15 |
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 |
433.844 |
365.804 |
214.020 |
|
Net Cash Generated from Operating Activities |
406.440 |
319.201 |
137.456 |
QUARTERLY RESULTS
|
Particulars |
|
|
30.06.2015 (Unaudited) |
|
|
|
|
1st Quarter |
|
Net Sales |
|
|
233.010 |
|
Total Expenditure |
|
|
171.410 |
|
PBIDT (Excl OI) |
|
|
61.600 |
|
Other Income |
|
|
32.410 |
|
Operating Profit |
|
|
94.010 |
|
Interest |
|
|
NA |
|
Exceptional Items |
|
|
NA |
|
PBDT |
|
|
94.010 |
|
Depreciation |
|
|
28.450 |
|
Profit Before Tax |
|
|
65.560 |
|
Tax |
|
|
21.180 |
|
Provisions and
contingencies |
|
|
NA |
|
Profit After Tax |
|
|
44.380 |
|
Extraordinary Items |
|
|
NA |
|
Prior Period Expenses |
|
|
NA |
|
Other Adjustments |
|
|
NA |
|
Net Profit |
|
|
44.380 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
24.50 |
28.46 |
30.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.93 |
15.15 |
12.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.13 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.42 |
2.20 |
1.76 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.320.10/- |
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 |
151.000 |
151.000 |
151.000 |
|
Reserves & Surplus |
2168.656 |
2345.521 |
2492.044 |
|
Net
worth |
2319.656 |
2496.521 |
2643.044 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
802.651 |
848.320 |
900.933 |
|
|
|
5.690 |
6.202 |
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 |
802.651 |
848.320 |
900.933 |
|
Profit |
243.804 |
241.398 |
220.719 |
|
|
30.37% |
28.46% |
24.50% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Presentation Date:- 25/09/2013 |
||||||||||||||
|
Lodging No.:- |
ITXAL/1590/2013 |
Filing Date:- |
25/09/2013 |
Reg. No.:- |
ITXA/158/2014 |
Reg. Date:- |
28/01/2014 |
|||||||
|
||||||||||||||
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
|
Next Date:- |
21/10/2015 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Coram:- |
ACCORDING TO SITTING LIST |
|
ACCORDING TO SITTING LIST |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
MANAGEMENT’S
DISCUSSION AND ANALYSIS REPORT
RESULTS OF OPERATIONS
AND THE STATE OF COMPANY’S AFFAIRS:
During the year, the Company achieved total revenue of Rs.999.400 Million, an increase of 8.7% as compared to Rs.919.500 Million achieved in the previous year. This increase was primarily on account of increase in income from product transportation through pipeline and increase in other income. Income from product transportation services increased by 25.9%from Rs.195.300 Million to Rs.246.000 Million on a year on year basis. This increase was due to full year impact of new contract to facilitate petroleum product transportation through the Company’s 3.5 kms’ inter-connectivity pipelines at Hazira in Gujarat.
Income from operating construction machineries/equipment on hire decreased marginally to Rs.339.700 Million while income from other support services increased marginally to Rs.315.200 Million. Net profit during the year was Rs.220.700 Million, reflecting a decline of 8.6% from Rs.241.400 Million on a year on year basis. This decline was on account of increase in operating and other expenses. The Company continues its core business of providing infrastructure support services, namely, transportation of petroleum products and water through pipelines, operating construction machineries/equipment’s on hire and other support services to Reliance Industries Group with a substantial portion provided to Reliance Industries Limited. No material changes and commitments have occurred after the close of the year till the date of this Report, which affect the financial position of the Company.
INDUSTRY STRUCTURE,
DEVELOPMENTS, OPPORTUNITIES AND OUTLOOK:
Recognizing the fact that inadequate infrastructure is a major constraint for economic growth, the Government is keeping its focus on infrastructure development by providing incentives to restart the investment cycle in the direction of infrastructure through sharp increase in outlays in the transportation and energy sectors, plans to revitalize the PPP models by reducing risks faced by the private sector and creating a National Investment and Infrastructure Fund besides other initiatives in this direction. These initiatives are expected to put the country back on its high growth path which augurs well for the infrastructure sector. The Company will continue to keep its focus in the infrastructure sector.
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2015
(Rs. In Million)
|
Particulars
|
|
|
Quarter Ended ( Unaudited) |
|
|
|
|
30.06.2015 |
|
|
|
|
|
|
1.
Income from operations |
|
|
233.005 |
|
|
|
|
|
|
Total
income from Operations(net) |
|
|
233.005 |
|
|
|
|
|
|
2.Expenditure |
|
|
|
|
a) Employees benefit expenses |
|
|
60.287 |
|
b) Stock and Spares Consumed |
|
|
2.260 |
|
c) operating Expenses |
|
|
50.011 |
|
d) Rent |
|
|
19.424 |
|
e) Depreciation and amortization expenses |
|
|
28.451 |
|
f) Other expenditure |
|
|
39.427 |
|
Total expenses |
|
|
199.860 |
|
3. Profit from operations before other income and
financial costs |
|
|
33.145 |
|
4. Other income |
|
|
32.412 |
|
5. Profit from ordinary activities before finance costs |
|
|
65.557 |
|
6. Finance costs |
|
|
-- |
|
7. Net profit/(loss) from ordinary
activities after finance costs but before exceptional items |
|
|
65.557 |
|
8. Exceptional item |
|
|
-- |
|
9. Profit from ordinary
activities before tax Expense: |
|
|
65.557 |
|
10.Tax expenses |
|
|
21.180 |
|
11.Net Profit / (Loss) from ordinary activities
after tax (9-10) |
|
|
44.377 |
|
12.Extraordinary Items (net
of tax expense) |
|
|
-- |
|
13.Net Profit / (Loss) for
the period (11 -12) |
|
|
44.377 |
|
14.Paid-up equity share capital (Nominal value Rs.10/- per share) |
|
|
151.000 |
|
15. Reserve excluding Revaluation Reserves as per balance sheet of
previous accounting year |
|
|
-- |
|
16.i) Earnings per share (before
extraordinary items) of Rs.10/- each) (not annualised): |
|
|
|
|
(a) Basic |
|
|
2.94 |
|
(b) Diluted |
|
|
2.94 |
|
Particulars
|
|
|
Quarter Ended ( Unaudited) |
|
|
|
|
30.06.2015 |
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares (In Lakh) |
|
|
82.40 |
|
- Percentage of shareholding |
|
|
54.57% |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
|
|
|
|
|
a) Pledged /Encumbered |
|
|
Nil |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares (In Lakh) |
|
|
6.860 |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
|
|
100.00% |
|
|
|
|
45.43% |
|
Percentage of shares (as a % of total share capital of the
company) |
|
|
6.860 |
|
|
|
|
|
|
B.
Investor Complaints |
|
|
|
|
Pending at the beginning of the quarter |
|
|
0 |
|
Receiving during the quarter |
|
|
18 |
|
Disposed of during the quarter |
|
|
18 |
|
Remaining unreserved at the end of the quarter |
|
|
0 |
|
Notes: 1. Figures for the
corresponding periods have been restated, wherever necessary, to make them
comparable. |
|||
FIXED ASSETS
Tangible Assets
- Leasehold Land
- Freehold Land
- Buildings
- Plant and Machinery
- Construction Machinery
- Equipment’s
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Software
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.66.44 |
|
UK Pound |
1 |
Rs.102.41 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
77 |
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.