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|
MIRA INFORM REPORT
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Report No. : |
501452 |
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Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER SOLAR SYSTEMS PRIVATE LIMITED |
|
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|
Registered
Office : |
Survey No. 54 Part, First Floor, Above G. Pulla Reddy Sweets, Kakaguda, Vikarampuri Colony, Secunderabad – 500009, Telangana |
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Tel. No.: |
91-40-27744415/16 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
03.04.1995 |
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|
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Com. Reg. No.: |
36-019909 |
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Capital
Investment / Paid-up Capital : |
INR 59.975 Million |
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|
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CIN No.: [Company Identification
No.] |
U40106TG1995PTC019909 |
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|
|
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IEC No.: [Import-Export Code No.] |
0996000402 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
36AABCP8800D1ZP |
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PAN No.: [Permanent Account No.] |
AABCP8800D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Manufacture of Modules and Cells and Generation of Electricity [Registered Activity] |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1800000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. It is a Manufacture of
Modules and Cells and Generation of Electricity. For the financial year ended 2017, the company has achieved massive
growth in its revenue as compared to the previous year along with an average
profit margin of 4.46%. The sound financial risk profile of the company is marked by adequate
net worth base along with low debt level, favorable gap between trade
payables and receivables. Rating takes into account the subject’s long established track record
of business operations along with extensive experience of its promoters. Payment seems to be usually correct. In view of aforesaid, the company can be considered 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Long Term Borrowing = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.12.2017 |
|
Rating Agency Name |
ICRA RATING |
|
Rating |
Short Term Borrowing = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
06.12.2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is not
listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 02.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative [Tel. No.: 91-40-27744415/16]
LOCATIONS
|
Registered Office / Corporate Office : |
Survey No. 54 Part, First Floor, Above G. Pulla Reddy Sweets, Kakaguda, Vikarampuri Colony, Secunderabad – 500009, Telangana, India |
|
Tel. No.: |
91-40-27744415/16 |
|
Mobile No.: |
91-9701799944 (Mr. Surenderpal Singh Saluja) |
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Fax No.: |
91-40-27744417 |
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E-Mail : |
accounts@premiersolarsystems.com |
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Website : |
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|
|
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Factory : |
Survey No 53, Annaram Village, Near Dundigal Airforce Academy, G.P. Annaram, Jinaram Mandal, District Medak - 502313, Telangana, India |
|
Tel. No.: |
91-8458-275123/275099 |
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Fax No.: |
91-8458-275099/274428 |
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|
|
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Power Generation Plant / Power Distribution Plant : |
Located At Jharkhand |
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Note : |
17 Branches located
in all over India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Chiranjeev Singh Saluja |
|
Designation : |
Managing Director |
|
Address : |
C-27, Vikrampuri Colony, Secunderabad - 500003, Telangana, India |
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Date of Birth/Age : |
17.09.1973 |
|
Date of Appointment : |
01.04.1997 |
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DIN No.: |
00664638 |
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PAN No.: |
ABWPS5533K |
|
|
|
|
Name : |
Mr. Surenderpal Singh Saluja |
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Designation : |
Director |
|
Address : |
C-27, Vikrampuri, Secunderabad - 500003, Telangana, India |
|
Date of Birth/Age : |
26.12.1946 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00664597 |
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PAN No.: |
ABMPS7079N |
KEY EXECUTIVES
|
Name : |
Shantipriya Ramesh Kalkur |
|
Designation : |
Company Secretary |
|
Address : |
BN - 377, Balram Nagar Safilguda, Malkajgiri Post
Hyderabad – 500047, Telangana, India |
|
Date of Birth/Age : |
07.11.1989 |
|
Date of Appointment : |
01.06.2017 |
|
PAN No.: |
BECPK3610M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Surendrapal Singh Saluja |
|
18156000 |
|
Chiranjeev Singh Saluja |
|
35770000 |
|
Sunali Saluja |
|
3300000 |
|
Manjeet Kaur Saluja |
|
998000 |
|
Inter Solar FZC |
|
612460 |
|
Harwood Limited |
|
448260 |
|
Dr. Charandee Singh |
|
350000 |
|
Surinder Singh Makhija |
|
200000 |
|
New Era Enviro Ventures (Adilabad) Private Limited |
|
120000 |
|
Jasveen Kaur |
|
20000 |
|
|
|
|
|
Total |
|
59974720 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
97.70 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.33 |
|
Public - Bodies corporate |
1.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Manufacture of Modules and Cells and Generation of Electricity [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Padmanabha Rao and Company Chartered Accountants |
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Address : |
G-5, Jamuna Sadan, Mayuri Marg, Begumpet, Hyderabad – 500016, Telangana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ABHPR9664F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
U40108TG2013PTC089135
U74900TG2015PTC099990
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Subsidiary Company
: |
U40109TG2013PTC089165
SVAROG Global Power Private Limited |
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Fellow Subsidiary
Company : |
U74900TG2016PTC102738
U40300TG2011PTC075148
U40104KA2015PTC080342 |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Sunali International |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59974720 |
Equity Shares |
INR 10/- each |
INR 59.975
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
59.975 |
51.975 |
51.288 |
|
(b) Reserves &
Surplus |
594.865 |
379.457 |
318.517 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
1.100 |
8.000 |
|
Total Shareholders’ Funds
(1) + (2) |
654.840 |
432.532 |
377.805 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
245.601 |
100.058 |
117.746 |
|
(b) Deferred tax
liabilities (Net) |
68.584 |
25.361 |
22.804 |
|
(c) Other long term
liabilities |
540.363 |
712.537 |
24.081 |
|
(d) long-term provisions |
321.468 |
210.723 |
129.312 |
|
Total Non-current
Liabilities (3) |
1176.016 |
1048.679 |
293.943 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21.462 |
66.958 |
97.720 |
|
(b) Trade payables |
1564.424 |
650.657 |
485.716 |
|
(c) Other current
liabilities |
20.392 |
18.436 |
22.287 |
|
(d) Short-term provisions |
98.480 |
58.873 |
30.309 |
|
Total Current Liabilities
(4) |
1704.758 |
794.924 |
636.032 |
|
|
|
|
|
|
TOTAL |
3535.614 |
2276.135 |
1307.780 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
695.094 |
354.812 |
331.722 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
5.746 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
74.449 |
85.343 |
75.139 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
769.543 |
445.901 |
406.861 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
540.464 |
368.299 |
0.000 |
|
(b) Inventories |
431.141 |
293.694 |
155.508 |
|
(c) Trade receivables |
1205.455 |
585.284 |
547.087 |
|
(d) Cash and cash
equivalents |
361.090 |
485.802 |
125.269 |
|
(e) Short-term loans and
advances |
170.364 |
71.121 |
29.334 |
|
(f) Other current assets |
57.557 |
26.034 |
43.721 |
|
Total Current Assets |
2766.071 |
1830.234 |
900.919 |
|
|
|
|
|
|
TOTAL |
3535.614 |
2276.135 |
1307.780 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4785.263 |
1875.435 |
1147.444 |
|
|
Other Income |
79.789 |
57.822 |
45.814 |
|
|
TOTAL |
4865.052 |
1933.257 |
1193.258 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2350.498 |
1305.088 |
757.479 |
|
|
Purchases of
Stock-in-Trade |
1546.130 |
10.812 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(72.148) |
(12.463) |
14.090 |
|
|
Employees benefits
expense |
76.755 |
56.435 |
35.947 |
|
|
CSR Expenditure |
0.325 |
0.631 |
0.000 |
|
|
Other expenses |
532.583 |
359.250 |
210.176 |
|
|
Exceptional Items |
0.179 |
(3.068) |
(1.402) |
|
|
TOTAL |
4434.322 |
1716.685 |
1016.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
430.730 |
216.572 |
176.968 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
72.066 |
73.036 |
69.630 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
358.664 |
143.536 |
107.338 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
43.804 |
35.158 |
36.717 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
314.860 |
108.378 |
70.621 |
|
|
|
|
|
|
|
Less |
TAX |
101.341 |
31.828 |
6.473 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
213.519 |
76.550 |
64.148 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
35.6 |
14.73 |
(25.01) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
20.392 |
18.436 |
22.287 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
320.189 |
97.015 |
3.090 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
91.95 |
113.91 |
174.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.97 |
3.20 |
2.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
146.54 |
180.48 |
234.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.00 |
0.74 |
1.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.62 |
0.60 |
0.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.40 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.44 |
0.43 |
0.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.60 |
1.84 |
1.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.06 |
0.83 |
0.88 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.98 |
2.97 |
2.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.46 |
4.08 |
5.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.04 |
3.36 |
4.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
32.61 |
17.70 |
16.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.62 |
2.30 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.37 |
1.93 |
1.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.19 |
0.19 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.79 |
3.57 |
4.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.62 |
2.30 |
1.42 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
51.288 |
51.975 |
59.975 |
|
Reserves & Surplus |
318.517 |
379.457 |
594.865 |
|
Share Application money
pending allotment |
8.000 |
1.100 |
0.000 |
|
Net worth |
377.805 |
432.532 |
654.840 |
|
|
|
|
|
|
long-term borrowings |
117.746 |
100.058 |
245.601 |
|
Short term borrowings |
97.720 |
66.958 |
21.462 |
|
Current Maturities of
Long term debt |
22.287 |
18.436 |
20.392 |
|
Total borrowings |
237.753 |
185.452 |
287.455 |
|
Debt/Equity ratio |
0.629 |
0.429 |
0.439 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1147.444 |
1875.435 |
4785.263 |
|
|
|
63.445 |
155.155 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
1147.444 |
1875.435 |
4785.263 |
|
Profit |
64.148 |
76.550 |
213.519 |
|
|
5.59% |
4.08% |
4.46% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
59.975 |
51.975 |
|
(b) Reserves &
Surplus |
|
698.005 |
396.617 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
1.100 |
|
(3) Minority Interest |
|
771.106 |
272.385 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1529.086 |
722.077 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1969.334 |
725.058 |
|
(b) Deferred tax
liabilities (Net) |
|
68.598 |
25.373 |
|
(c) Other long term
liabilities |
|
529.979 |
538.062 |
|
(d) long-term provisions |
|
321.468 |
218.144 |
|
Total Non-current
Liabilities (3) |
|
2889.379 |
1506.637 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
21.463 |
67.001 |
|
(b) Trade payables |
|
2603.445 |
1283.746 |
|
(c) Other current
liabilities |
|
737.388 |
632.426 |
|
(d) Short-term provisions |
|
175.780 |
64.295 |
|
Total Current Liabilities
(4) |
|
3538.076 |
2047.468 |
|
|
|
|
|
|
TOTAL |
|
7956.541 |
4276.182 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3703.129 |
1971.793 |
|
(ii) Intangible Assets |
|
0.135 |
0.255 |
|
(iii) Capital
work-in-progress |
|
14.563 |
13.706 |
|
(iv) Intangible assets
under development |
|
0.035 |
0.035 |
|
(b) Non-current
Investments |
|
413.868 |
125.797 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.153 |
0.125 |
|
(e) Other Non-current
assets |
|
16.006 |
6.689 |
|
Total Non-Current Assets |
|
4147.889 |
2118.400 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
3.654 |
|
(b) Inventories |
|
497.778 |
500.529 |
|
(c) Trade receivables |
|
1418.574 |
599.036 |
|
(d) Cash and cash
equivalents |
|
549.892 |
572.000 |
|
(e) Short-term loans and
advances |
|
1270.763 |
438.993 |
|
(f) Other current assets |
|
71.645 |
43.570 |
|
Total Current Assets |
|
3808.652 |
2157.782 |
|
|
|
|
|
|
TOTAL |
|
7956.541 |
4276.182 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
6272.662 |
2258.773 |
|
|
Other Income |
|
93.707 |
63.512 |
|
|
TOTAL |
|
6366.369 |
2322.285 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3047.922 |
1547.794 |
|
|
Purchases of Stock-in-Trade |
|
1546.130 |
10.812 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(72.148) |
(12.463) |
|
|
Employees benefits
expense |
|
113.113 |
73.323 |
|
|
Other expenses |
|
827.442 |
475.156 |
|
|
Exceptional Items |
|
0.204 |
(3.068) |
|
|
TOTAL |
|
5462.663 |
2091.554 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
903.706 |
230.731 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
167.155 |
76.367 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
736.551 |
154.364 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
146.726 |
35.894 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
589.825 |
118.470 |
|
|
|
|
|
|
|
Less |
TAX |
|
194.895 |
36.472 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
394.930 |
81.998 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
50.04 |
15.08 |
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 |
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 |
PERFORMANCE AND
FINANCIAL HIGHLIGHTS:
Standalone: During the financial year ended as on 31st March, 2017, the Company recorded a total revenue of INR 4865.052 Million (Previous financial year: INR 1933.257 Million) and recorded net profit of INR 213.519 Million (Previous financial year: INR 76.550 Million).
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
1.430 |
0.000 |
|
|
|
|
|
Total |
1.430 |
0.000 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G75856104 |
100150867 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
03/01/2018 |
01/02/2018 |
- |
42062000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
2 |
G60721230 |
100129554 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
08/08/2017 |
08/08/2017 |
- |
100000000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
3 |
G60721453 |
100129555 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
08/08/2017 |
08/08/2017 |
- |
100000000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
4 |
G37076023 |
100080078 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
01/03/2017 |
- |
- |
722500000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
5 |
G43200005 |
100095658 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
18/02/2017 |
- |
- |
1000000000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
6 |
G43205632 |
100095680 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
18/02/2017 |
- |
- |
250000000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
7 |
G43207521 |
100095684 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
18/02/2017 |
- |
- |
403200000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
8 |
G43208347 |
100095688 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
18/02/2017 |
- |
- |
474400000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
9 |
G34559641 |
100051074 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGEN CY LIMITED |
24/06/2016 |
25/01/2017 |
- |
173400000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDe110003IN |
|
10 |
B87849873 |
10313407 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
03/10/2011 |
31/08/2013 |
- |
186259000.0 |
INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE4 A LODHI ROADNEW DELHIDL110003IN |
|
11 |
G50240753 |
80005816 |
State Bank of India |
28/08/2005 |
03/07/2017 |
- |
670000000.0 |
Commercial Branch, Ashoka My Home ChambersS. P. Road, SecunderabadHyderabadTG500003IN |
|
12 |
Y10231253 |
90138448 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
14/08/2003 |
- |
- |
6066000.0 |
CORE-4A; EAST COURT1ST FLOOR; INDIA HABITAT CENTRE; LODI ROADNEW DELHIDL110003IN |
|
13 |
Y10229669 |
90136864 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
23/07/2003 |
- |
- |
6066000.0 |
CORE-4A; EAST COURT1ST FLOOR; INDIA HABITAT CENTRE; LODI ROADNEW DELHIDL110003IN |
|
14 |
C61346714 |
90138425 |
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED |
25/04/2003 |
- |
12/08/2015 |
6066000.0 |
CORE-4A; EAST COURT1ST FLOOR; INDIA HABITAT CENTRE; LODI ROADNEW DELHIDL110003IN |
|
15 |
B97433783 |
10448803 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
18/09/2013 |
- |
26/02/2014 |
40000000.0 |
5-9-194, Chirag Ali lane,P.B No. 165,HyderabadAP500001IN |
|
16 |
B16203705 |
90138155 |
STATE BANK OF HYDERABAD |
29/09/1999 |
- |
12/07/2011 |
5100000.0 |
BALANAGAR BRANCHHYDERABADAPIN |
|
17 |
B16204406 |
90139028 |
STATE BANK OF HYDERABAD |
27/04/1996 |
- |
12/07/2011 |
400000.0 |
BALANAGAR BRANCHBALANAGARHYDERABADAPIN |
|
18 |
B16201600 |
90139339 |
STATE BANK OF HYDERABAD |
31/01/2002 |
11/04/2002 |
12/07/2011 |
6250000.0 |
BALANAGAR BRANCHHYDERABADAPIN |
|
19 |
B16202483 |
90138283 |
STATE BANK OF HYDERABAD |
12/05/2001 |
- |
12/07/2011 |
4500000.0 |
SSIBALANAGAR BRANCHHYDERABADAP500037IN |
|
20 |
B16208050 |
90137802 |
STATE BANK OF HYDERABAD |
06/12/1995 |
31/03/1998 |
12/07/2011 |
1250000.0 |
BALANAGAR BRANCHHYDERABADAPIN |
|
21 |
B16208787 |
90137782 |
STATE BANK OF HYDERABAD |
29/09/1995 |
06/12/1995 |
12/07/2011 |
750000.0 |
BALANAGAR BRANCHBALANAGARHYDERABADAPIN |
|
22 |
B16197253 |
90136881 |
STATE BANK OF HYDERABAD |
04/03/2004 |
05/02/2004 |
12/07/2011 |
16500000.0 |
BALANAGAR BRANCHHYDERABADAPIN |
|
23 |
B16204893 |
90137839 |
STATE BANK OF HYDERABAD |
21/03/1996 |
11/06/1996 |
12/07/2011 |
1850000.0 |
BALANAGAR BRANCHHYDERABADAPIN |
|
24 |
B16203259 |
90136835 |
STATE BANK OF HYDERABAD |
14/03/2001 |
31/01/2002 |
12/07/2011 |
5850000.0 |
BALANAGAR BRANCHHYDERABADAPIN |
|
25 |
Y10229609 |
90136804 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
14/12/1998 |
- |
17/03/2003 |
2965000.0 |
CHIRAG ALI LANEHYDERABADAP500001IN |
|
26 |
Y10229630 |
90136825 |
ANDHRA PRADESH STATE FINANCIAL CORPORATION |
15/05/2000 |
- |
17/03/2003 |
1250000.0 |
CHIRAG ALI LANEHYDERABADAP500001IN |
FIXED ASSETS
- Land
- Building
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.