|
|
|
MIRA INFORM REPORT
|
Report No. : |
501928 |
|
Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJHANS METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No 3, Shiley Industrial Estate, Udyog Nagar, Goregaon (West),
Mumbai - 400062, Maharashtra |
|
Tel. No.: |
91-288-2560111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.04.1987 |
|
|
|
|
Com. Reg. No.: |
11-043138 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 30.619 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910MH1987PTC043138 |
|
|
|
|
IEC No.: |
2409011080 |
|
|
|
|
GST No.: |
27AAACR5424Q1ZY |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR5424Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Trading of Brass Scrap and Products. [Registered
Activity] · Manufacturer and Exporter of Brass and Copper Alloy Extruded Rods and Extruded Section. [From indirect Sources] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 666800 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject
was incorporated in the year 1987 and it is a manufacturer and exporter of
brass and copper alloy extruded rods and extruded section. As per
financials of March 2017, the company has registered a growth of 4.72% in its
revenue as compared to its previous year’s revenue and has reported minimal
profit margin of 0.72%. Rating
takes into consideration the company’s established track record of business
operations marked by sound net worth base along with average debt coverage
indicators and decent liquidity position. Rating
also takes into account the vast experience and resourcefulness of company’s
promoter and its widespread sales and distribution network across India. Further,
the company has reported Earnings per share of INR 70.14 against its face
value of INR 100. However,
rating strength is partially offset by susceptibility of company’s
profitability to volatile raw material, foreign currency rate fluctuation on
its imports, high working capital intensity of its operations and presence in
highly competitive and fragmented brass and copper alloy extrusion industry. Payments
are reported to be slow but 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 |
CARE |
|
Rating |
Long Term Rating =BB |
|
Rating Explanation |
Moderate Risk of default |
|
Date |
22.11.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating= A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
22.11.2017 |
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 04.04.2018.
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 DECLINED BY
|
Name : |
Mr. Dharmarajan |
|
Designation : |
Manager |
|
Contact No.: |
91-22-28751713 |
LOCATIONS
|
Registered Office : |
Gala No 3, Shiley Industrial Estate, Udyog Nagar, Goregaon (West),
Mumbai - 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28751713 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
21/3, G.I.D.C., Shanker Tekri, Udyognagar, Jamnagar – 361004, Gujarat,
India |
|
Tel. No.: |
91-288-2560111 |
|
Fax No.: |
91-288-2560114 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Milan Chandulal Dodhia |
|||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||
|
Address : |
Milan, Opposite Jolly Bungalow, Summair Club Road, Jamnagar – 361005, India |
|||||||||||||||
|
Date of Birth/Age : |
12.08.1961 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
03.04.2007 |
|||||||||||||||
|
PAN No.: |
AAXPD4459M |
|||||||||||||||
|
DIN No.: |
00158730 |
|||||||||||||||
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|
|
|||||||||||||||
|
Name : |
Mrs. Jasmin Jayendra Dodhia |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
“Jasmin”, Opposite Jolly Bungalow, Summair Club Road, Jamnagar-361005, Gujarat |
|||||||||||||||
|
Date of Birth/Age : |
06.05.1972 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
01.04.1994 |
|||||||||||||||
|
PAN No.: |
AFHPS5523C |
|||||||||||||||
|
DIN No.: |
00158746 |
|||||||||||||||
|
Other Directorship :
|
||||||||||||||||
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|
|
|||||||||||||||
|
Name : |
Mr. Mohanlal Nemchand Savla |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
B 16, Hindmata Cutpiece Merchants Coop Housing Society , Ambedkar Road, Tata Mill Compound, Dadar (East), Mumbai-400014, Maharashtra, India |
|||||||||||||||
|
Date of Birth/Age : |
31.01.1939 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
01.10.1998 |
|||||||||||||||
|
PAN No.: |
AAOPS5379Q |
|||||||||||||||
|
DIN No.: |
00158758 |
|||||||||||||||
|
|
|
|||||||||||||||
|
Name : |
Shrenik Chandulal Dodhia |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
Milan, Opposite Jolly Bungalow, Summair Club Road, Jamnagar – 361005, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
13.10.1970 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
15.07.2016 |
|||||||||||||||
|
PAN No.: |
AFHPS5525E |
|||||||||||||||
|
DIN No.: |
00158780 |
|||||||||||||||
|
Other Directorship :
|
||||||||||||||||
|
|
|
|||||||||||||||
|
Name : |
Mr. Sonilkumar Ramniklal Shah |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
Sonil, Summair Club Road, Jamnagar – 361005, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
09.12.1968 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
01.10.2012 |
|||||||||||||||
|
PAN No.: |
ABOPS5301D |
|||||||||||||||
|
DIN No.: |
00182987 |
|||||||||||||||
|
Other Directorship :
|
||||||||||||||||
|
|
|
|||||||||||||||
|
Name : |
Mr. Kailashchandra Laxminarayan Mandawewala |
|||||||||||||||
|
Designation : |
Director |
|||||||||||||||
|
Address : |
Flat No.402, Ashutosh Appartment, Nirban Road, Opposite Guruduttatreya Temple, Jamnagar-361008, Gujarat, India |
|||||||||||||||
|
Date of Birth/Age : |
04.08.1943 |
|||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||
|
Date of Appointment : |
01.10.1998 |
|||||||||||||||
|
PAN No.: |
AAAPM8385N |
|||||||||||||||
|
DIN No.: |
00660684 |
|||||||||||||||
|
Other Directorship :
|
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Dharmarajan |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING AND ALLOTTEES FILE DETAILS ATTACHED
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Trading of Brass Scrap and Products. [Registered
Activity] · Manufacturer and Exporter of Brass and Copper Alloy Extruded Rods and Extruded Section. [From indirect Sources] |
||||
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|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
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|
||||
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Agencies Held : |
Not Available |
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|
||||
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Exports : |
Not Divulged |
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|
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|
||||
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Imports : |
Not Divulged |
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|
|
||||
|
Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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|
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|
Customers : |
|
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India Near Digvijay Plot Police Station Gate Besides Oswal Hospital, Digvijay Plot, Jamnagar – 361005, Gujarat, India · State Bank of Saurashtra Digvijay Plot Branch, Jamnagar - 361005, Gujarat,
India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Rajnikant Vallabhbhai Pragada Chartered Accountants |
|
Address : |
102, Riddhi Siddhi, Opposite Axis Bank, Park Colony Main Road,
Jamnagar – 361008, Gujarat, India |
|
PAN No.: |
ANTPP0162A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Rajlaxmi Metals Private Limited, India [U28910MH1981PTC023746] · Rajhans Enterprise |
|
|
|
|
Others Related
Party : |
Inac Brass Private Limited |
CAPITAL STRUCTURE
AFTER: 30.09.2017
Authorised Capital : INR
100.000 Million
Issued, Subscribed & Paid-up Capital : INR 90.542 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
770000 |
Equity Shares |
INR 100/- each |
INR 77.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
306188 |
Equity Shares |
INR 100/- each |
INR 30.619
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 |
30.619 |
30.619 |
27.000 |
|
(b) Reserves & Surplus |
162.772 |
141.295 |
113.618 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
40.000 |
0.000 |
23.271 |
|
Total
Shareholders’ Funds (1) + (2) |
233.391 |
171.914 |
163.889 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
516.348 |
433.388 |
441.229 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
516.348 |
433.388 |
441.229 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
604.221 |
538.363 |
594.803 |
|
(b)
Trade payables |
227.725 |
120.146 |
70.141 |
|
(c)
Other current liabilities |
42.427 |
32.008 |
30.659 |
|
(d)
Short-term provisions |
12.128 |
3.752 |
5.443 |
|
Total
Current Liabilities (4) |
886.501 |
694.269 |
701.046 |
|
|
|
|
|
|
TOTAL |
1636.240 |
1299.571 |
1306.164 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
185.282 |
197.994 |
225.031 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.673 |
2.020 |
5.608 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
31.052 |
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
49.139 |
58.578 |
63.232 |
|
(d) Long-term Loan
and Advances |
4.461 |
4.200 |
4.199 |
|
(e)
Other Non-current assets |
2.353 |
2.362 |
2.361 |
|
Total
Non-Current Assets |
276.960 |
265.155 |
300.432 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
712.298 |
523.472 |
468.991 |
|
(c)
Trade receivables |
514.420 |
376.569 |
388.560 |
|
(d)
Cash and cash equivalents |
2.805 |
22.455 |
24.894 |
|
(e)
Short-term loans and advances |
129.757 |
111.920 |
123.287 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1359.280 |
1034.416 |
1005.732 |
|
|
|
|
|
|
TOTAL |
1636.240 |
1299.571 |
1306.164 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2990.952 |
2856.062 |
2998.488 |
|
|
|
Other Income |
20.688 |
19.226 |
19.227 |
|
|
|
TOTAL |
3011.640 |
2875.288 |
3017.715 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2430.324 |
2331.897 |
2440.090 |
|
|
|
Purchases of Stock-in-Trade |
180.861 |
174.461 |
261.381 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(61.999) |
(62.924) |
(41.568) |
|
|
|
Employees benefits expense |
58.778 |
35.935 |
30.257 |
|
|
|
Other expenses |
203.689 |
208.240 |
188.609 |
|
|
|
TOTAL |
2811.653 |
2687.609 |
2878.769 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
199.987 |
187.679 |
138.946 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
135.178 |
136.659 |
140.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
64.809 |
51.020 |
(1.921) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
33.893 |
38.328 |
47.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
30.916 |
12.692 |
(49.534) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.439 |
4.654 |
(17.416) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.477 |
8.038 |
(32.118) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings (FOB basis) |
356.643 |
343.019 |
428.730 |
|
|
TOTAL EARNINGS |
356.643 |
343.019 |
428.730 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2304.927 |
2300.027 |
2598.299 |
|
|
TOTAL IMPORTS |
2304.927 |
2300.027 |
2598.299 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic
|
70.14 |
29.76 |
(118.90) |
|
|
|
Diluted |
70.14 |
29.76 |
(104.90) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
22.434 |
18.350 |
17.989 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(15.830) |
205.006 |
(216.907) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(22.668) |
201.200 |
(229.739) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
62.78 |
48.12 |
47.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.81 |
7.58 |
7.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
31.83 |
17.50 |
9.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.36 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.05 |
0.94 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.88 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.90 |
5.76 |
6.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.80 |
4.04 |
4.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.81 |
1.16 |
1.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.48 |
1.37 |
0.99 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.72 |
0.28 |
(1.07) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.31 |
0.62 |
(2.46) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.20 |
4.68 |
(19.60) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.53 |
1.49 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.73 |
0.74 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.14 |
0.13 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
37.33 |
32.34 |
39.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.53 |
1.49 |
1.43 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
27.000 |
30.619 |
30.619 |
|
Reserves & Surplus |
113.618 |
141.295 |
162.772 |
|
Share Application money
pending allotment |
23.271 |
0.000 |
40.000 |
|
Net
worth |
163.889 |
171.914 |
233.391 |
|
|
|
|
|
|
long-term borrowings |
441.229 |
433.388 |
516.348 |
|
Short term borrowings |
594.803 |
538.363 |
604.221 |
|
Current Maturities of Long
term debt |
17.989 |
18.350 |
22.434 |
|
Total
borrowings |
1054.021 |
990.101 |
1143.003 |
|
Debt/Equity
ratio |
6.431 |
5.759 |
4.897 |
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 |
2998.488 |
2856.062 |
2990.952 |
|
|
|
(4.750) |
4.723 |
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 |
2998.488 |
2856.062 |
2990.952 |
|
Profit/ (Loss) |
-32.118 |
8.038 |
21.477 |
|
|
-1.07% |
0.28% |
0.72% |
LEGAL CASES
HIGH COURT
|
RAJKOT COMMISSIONER CENTRAL EXCISE &C USTOMS VS RAJHANS METALS PVT. LTD. |
|
high court-Guj |
|
Case no:39. TAXAP/187/2008 |
|
Case status:Pending |
|
Judge:REGISTRAR (JUDICIAL) |
|
Date:2015-06-02T00:00:00Z |
HIGH COURT
|
THE COMMISSIONER OF INCOM E TAX 9 MUMBAI VS RAJHANS METALS PVT LT D. |
|
high court-Mumbai |
|
Case no:NMA/3097/2009 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE F.I. REBELLO |
|
Date:2010-11-06T00:00:00Z |
HIGH COURT
|
JINESH F. SHAH AND THREE ORS. VS RAJHANS METALS PVT. L TD. AND ORS. |
|
high court-Mumbai |
|
Case no:73. COAPP/5/2009 |
|
Case status:Pending |
|
Judge:TAXING OFFICER |
|
Date:2009-06-03T00:00:00Z |
HIGH COURT
|
JINESH F. SHAH AND ORS. VS RAJHANS METALS PRIVAT E LTD. AND ORS. |
|
high court-Mumbai |
|
Case no:73. CA/154/2009 |
|
Case status:Pending |
|
Judge:TAXING OFFICER |
|
Date:2009-06-03T00:00:00Z |
HIGH COURT
|
SHRI JINESH F. SHAH AND T HREE ORS. VS RAJHANS METALS PRIVAT E LIMITED AND ORS. |
|
high court-Mumbai |
|
Case no:CNPCP/7/2010 |
|
Case status:Pending |
|
Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER |
|
Date:2010-10-29T00:00:00Z |
HIGH COURT
|
JINESH F. SHAH AND THREE ORS. VS RAJHANS METALS PVT. TD. AND ORS. |
|
high court-Mumbai |
|
Case no:33. COAPP/5/2009 |
|
Case status:Pending |
|
Judge:IST ASSTT. MASTER |
|
Date:2009-12-02T00:00:00Z |
HIGH COURT
|
THE COMMISSIONER OF INCO ME TAX 9 MUMBAI VS MS RAJHANS METALS VT. LTD. |
|
high court-Mumbai |
|
Case no:77. ITXAL/1285/2008 |
|
Case status:Pending |
|
Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Date:2009-06-22T00:00:00Z |
HIGH COURT
|
THE COMMISSIONER OF INCO ME TAX 9 MUMBAI VS MS RAJHANS METALS VT. LTD. |
|
high court-Mumbai |
|
Case no:27. ITXA/2012/2009 |
|
Case status:Pending |
|
Judge:MASTER & ASSTT. PROTHONOTARY(JUDL) |
|
Date:2010-06-25T00:00:00Z |
HIGH COURT
|
SHRI JINESH F. SHAH AND T HREE ORS. VS RAJHANS METALS PRIVAT E LIMITED AND ORS. FOR HEARING |
|
high court-Mumbai |
|
Case no:31. CNPCP/7/2010 |
|
Case status:Pending |
|
Judge:COMPANY REGISTRAR |
|
Date:2011-12-01T00:00:00Z |
HIGH COURT
|
SHRI JINESH F. SHAH AND T HREE ORS. VS RAJHANS METALS PRIVAT E LIMITED AND ORS. FOR HEARING |
|
high court-Mumbai |
|
Case no:30. CNPCP/7/2010 |
|
Case status:Pending |
|
Judge:REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Date:2011-01-19T00:00:00Z |
HIGH COURT
|
SHRI JINESH F. SHAH AND T HREE ORS. VS RAJHANS METALS PRIVAT E LIMITED AND ORS. PETITION FOR COMMITTED WILLFULLY FAILING ANDOR 19062009 AND AS WELL 08052008 AND 21052008. 29102010. SHOW CAUSE NOTICE AS PER ORDER DATED 29TH JUSTICE R.Y. GANOO SHOW CAUSE NOTICE DULY SERVED AND SHOW CAUSE NOTICE SHOW CAUSE NOTICE 8. SERVICE REPORT 85 FILED BY REGISTRAR O.S.PROTHONOTARY AFFIDAVIT ON BEHALF NO. 86 TO 280 FILED ON 281 TO 282 FILED ON 19012011. ON 19012011. |
|
high court-Mumbai |
|
Case no:32. CNPCP/7/2010 |
|
Case status:Pending |
|
Judge:ADDL.REGISTRAR(OS)/ADDL. PROTHO. & SR. MASTER |
|
Date:2011-04-03T00:00:00Z |
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 |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G43764570 |
90221502 |
State Bank of
India |
10/08/1988 |
19/04/2017 |
- |
667000000.0 |
Digvijay Plot
BranchDigvijay Police GateJamnagarGJ361005IN |
|
2 |
G33713397 |
10273756 |
State Bank of
India |
11/03/2011 |
05/05/2015 |
02/01/2017 |
288900000.0 |
NEAR DIGVIJAY
PLOT POLICE STATION GATEBESIDES OSWAL HOSPITAL, DIGVIJAY PLOTJAMNAGARGJ361005IN |
|
3 |
G33709718 |
90226739 |
STATE BANK OF
SAURASHTRA |
10/05/2001 |
16/10/2002 |
02/01/2017 |
2000000.0 |
DIGVIJAY PLOT
BRANCHJAMNAGARGJIN |
|
4 |
G33711912 |
90223247 |
STATE BANK OF
SAURASHTRA |
10/05/2001 |
10/05/2001 |
02/01/2017 |
3200000.0 |
DIGVIJAY
PLOTJAMNAGARGJIN |
|
5 |
G33710989 |
90226610 |
STATE BANK OF
INDIA |
21/03/1989 |
06/07/2010 |
02/01/2017 |
258200000.0 |
DIGVIJAY PLOT
POLICE GATEDIGVIJAY PLOTJAMNAGARGJ361005IN |
|
6 |
G33713967 |
90243806 |
STATE BANK OF
SAURASHTRA |
28/02/2005 |
- |
02/01/2017 |
3600000.0 |
DIGVIJAY PLOT
BRANCHJAMNAGARGJIN |
|
7 |
G33714205 |
90222924 |
STATE BANK OF
SAURASHTRA |
10/08/1998 |
10/05/2001 |
02/01/2017 |
2400000.0 |
DIGVIJAY
PLOTJAMNAGARGJIN |
|
8 |
G33712399 |
90225621 |
STATE BANK
OFINDIA |
10/08/1988 |
27/01/2009 |
02/01/2017 |
70000000.0 |
DIGVIJAY
PLOTJAMNAGARGJ361005IN |
|
9 |
G33712803 |
10273755 |
State Bank of
India |
26/02/2011 |
26/03/2015 |
02/01/2017 |
288900000.0 |
NEAR DIGVIJAY PLOT
POLICE STATION GATEBESIDES OSWAL HOSPITAL, DIGVIJAY PLOTJAMNAGARGJ361005IN |
|
10 |
Y10325396 |
90222605 |
GUJRAT
INDUSTRIAL INVESTMENT CORPORATION |
01/03/1996 |
26/03/1996 |
16/09/1998 |
20400000.0 |
CHUNNIBHAI
CHAMBERSASHRAM ROADAHMEDABADGJ380009IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from others |
122.863 |
87.282 |
|
Loans and advances from others |
384.652 |
331.325 |
|
|
|
|
|
Total |
507.515 |
418.607 |
STATE OF COMPANY’S AFFAIRS/BRIEF
DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR :
The company has registered 4.72% increase in turnover during the year as compared to previous year. Apart from that, the company has registered 143.59% increase in Profit Before Tax. The company has been continuously implementing best possible operation and management practices to improve the Profit and increase operating efficiency.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 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 65.02 |
|
UK Pound |
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
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 |
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.