|
|
|
MIRA INFORM REPORT
|
Report No. : |
502285 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAM RATNNA WIRES LIMITED |
|
|
|
|
Registered
Office : |
Ram Ratna House Victoria Mill Compound, Pandurang Budha Karm Marg/ Worli, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-24924144 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.07.1992 |
|
|
|
|
Com. Reg. No.: |
11-067802 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31300MH1992PLC067802 |
|
|
|
|
IEC No.: |
0394010337 |
|
|
|
|
GSTIN : |
26AAACR2638C1ZR |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR2638C |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
556 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Ram Ratna Wires Limited incorporated in the year 1992. It is engaged in the business of manufacturing engineering goods such as Enamelled Copper Wire & Strips, Enamelled Aluminium Wire, Submersible Winding Wire, Fibre Glass Covered Copper Wire & Strips, Paper Covered Copper Wire & Strips.
|
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 |
CRISIL |
|
Rating |
Long Term borrowing = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
14.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
28.10.2016 |
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
31-03-2018.
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 05.04.2018.
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 BY
|
Name : |
Mr. Madan Vaishnawa |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-9327382322 |
|
Date : |
05.04.2018 |
Tel. No.: 91-22-24924144 not working
91-260-2633224 continuously
ringing
LOCATIONS
|
Registered Office : |
Ram Ratna House Victoria Mill Compound, Pandurang Budha Karm Marg/ Worli, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24924144 |
|
Mobile No.: |
91-9374022880 [Mr. Rajeev] |
|
Fax No.: |
91-22-24910819 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office: |
305/A, Windsor Plaza, R.C. Dutt Road, Alkapuri, Vadodara - 390007, Gujarat, India |
|
Tel. No.: |
91-265-2321891 |
|
Fax No.: |
91-265-2321894 |
|
|
|
|
Factory 1: |
Survey No. 212/2, Near Dadra Check Post, Village : Dadra, Silvassa - 396193 U.T. of Dadra and Nagar Haveli, India |
|
|
|
|
Factory 2: |
Survey No. 142/2, Madhuban Dam Road, Village : Rakholi, Silvassa - 396240, U.T. of Dadra and Nagar Haveli, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rameshwarlal Jagannath Kabra |
|
Designation : |
Chairman |
|
Address: |
Building 1948, Kasa Grande Shri Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
|
Date of Appointment : |
31.10.1992 |
|
DIN No.: |
00150875 |
|
|
|
|
Name : |
Mr. Tribhuvanprasad Rameshwarla Kabra |
|
Designation : |
Managing Director |
|
Address: |
Uma Sadan, 178, Vinayak Society, Opposite Sndt College and Sanskrit Building, Behind Akota Stadium, Vadodara – 390020, Gujarat, India |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
00091375 |
|
|
|
|
Name : |
Mr. Mahendrakumar Rameshwarla Kabra |
|
Designation : |
Joint Managing Director |
|
Address: |
Building 1948, Kasa Grande Shri Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
|
Date of Appointment : |
21.07.1992 |
|
DIN No.: |
00473310 |
|
|
|
|
Name : |
Mr. Satyanarayan Loya |
|
Designation : |
Director |
|
Address: |
1502, Krishna Heritage, New Link Road, Opposite Don Bosco School, Borivali (West), Mumbai – 400091, Maharashtra, India |
|
Date of Appointment : |
29.09.1993 |
|
DIN No.: |
00091323 |
|
|
|
|
Name : |
Ms. Kirtidevi Kabra Shreegopal |
|
Designation : |
Director |
|
Address: |
547, Ishan Building, 9th-10th Floor Jamejamshedji Road, Matunga (East), Mumbai – 400019, Maharashtra, India |
|
Date of Appointment : |
29.07.2014 |
|
DIN No.: |
00150796 |
|
|
|
|
Name : |
Mr. Mukund Manohar Chital |
|
Designation : |
Director |
|
Address: |
4/46, Vishnuprasad Society Shahaji Raje Marg, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Date of Appointment : |
28.12.2005 |
|
DIN No.: |
00101004 |
|
|
|
|
Name : |
Dr. Ajai Rama Shankar Singh |
|
Designation : |
Director |
|
Address: |
D-401, The Great Eastern Links, Ram Mandir Road Goregaon (West), Mumbai – 400104, Maharashtra, India |
|
Date of Appointment : |
06.02.2016 |
|
DIN No.: |
00281743 |
|
|
|
|
Name : |
Mr. Sandeep Jhanwar |
|
Designation : |
Director |
|
Address: |
A-7, Nu Lite Colony, Tonk Road, Jaipur – 302015, Rajasthan, India |
|
Date of Appointment : |
13.08.2010 |
|
DIN No.: |
00124901 |
|
|
|
|
Name : |
Mr. Ramamirtham Kannan |
|
Designation : |
Director |
|
Address: |
Karachi Citizens CHS 205-B, New Link Road D.N. Nagar, Andheri (West,) Mumbai – 400053, Maharashtra, India |
|
Date of Appointment : |
28.05.2011 |
|
DIN No.: |
00227980 |
|
|
|
|
Name : |
Mr. Prashant Vithalrao Deshpande |
|
Designation : |
Director |
|
Address: |
4, Akar, H.K.M. Road, Model Colony, Pune – 411016, Maharashtra, India |
|
Date of Appointment : |
06.11.2012 |
|
DIN No.: |
00087591 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Mahendrakumar Kabra |
|
Designation : |
Chief Financial Officer |
|
Address : |
B/1908, Casa Grande, Senapati Bapat Marg, Lower Parel, Mumbai – 40001, Maharashtra, India |
|
Date of Appointment : |
12.05.2014 |
|
PAN No.: |
AADPK4991M |
|
|
|
|
Name : |
Mr. Madan Bajarang Lal Vaishnawa |
|
Designation : |
Company Secretary |
|
Address : |
22 Srishti Sec Iii Ashlesha, Bldg B 1 302, Srishti, Mira Road (East), Mumbai – 401107, Maharashtra, Indi |
|
Date of Appointment : |
01.07.2016 |
|
PAN No.: |
AAAPV4112A |
|
|
|
|
Name : |
Mr. Saurabh Gupta |
|
Designation : |
Assistant Manager – Accountant |
MAJOR SHAREHOLDERS
AS ON 31.12.2017
|
Category
of shareholder |
Total nos.
shares held |
Shareholding as
a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter & Promoter Group |
1,60,59,354 |
73.00 |
|
|
(B) Public |
59,40,646 |
27.00 |
|
|
Grand
Total |
2,20,00,000 |
100.00 |
|
Statement showing shareholding
pattern of the Promoter and Promoter Group
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated
as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
Individuals/Hindu undivided Family |
85,71,800 |
38.96 |
|
|
Rameshwarlal Kabra HUF |
12,41,000 |
5.64 |
|
|
Asha Muchhal |
96,800 |
0.44 |
|
|
Rajesh Kabra |
5,31,000 |
2.41 |
|
|
Mahesh Kabra |
6,02,800 |
2.74 |
|
|
Tribhuvanprasad Rameshwarlal Kabra |
4,35,466 |
1.98 |
|
|
Mahendrakumar Kabra |
18,67,966 |
8.49 |
|
|
Shreegopal Rameshwarlal Kabra |
7,03,268 |
3.20 |
|
|
Hemant Kabra |
1,29,600 |
0.59 |
|
|
Rameshwarlal Kabra |
1,05,200 |
0.48 |
|
|
Ratnidevi Kabra |
65,800 |
0.30 |
|
|
Kirti Shreegopal Kabra |
9,82,200 |
4.46 |
|
|
Umadevi Tribhuvanprasad Kabra |
10,95,000 |
4.98 |
|
|
Sumeet Kabra |
3,70,700 |
1.69 |
|
|
Vidhi Kabra |
3,05,000 |
1.39 |
|
|
Priti Saboo |
40,000 |
0.18 |
|
|
Any Other (specify) |
60,87,554 |
27.67 |
|
|
Ram Ratna Infrastructure Private Limited |
99,100 |
0.45 |
|
|
Jag-Bid Finvest Private Limited |
7,37,686 |
3.35 |
|
|
Ram Ratna Electricals Limited |
5,00,000 |
2.27 |
|
|
Ram Ratna Research And Holdings Private Limited |
34,00,000 |
15.45 |
|
|
Mew Electricals Limited |
4,00,000 |
1.82 |
|
|
R R Kabel Limited |
9,10,768 |
4.14 |
|
|
Kabel Buildcon Solutions Private Limited |
40,000 |
0.18 |
|
|
Sub Total A1 |
1,46,59,354 |
66.63 |
|
|
A2) Foreign |
0.00 |
|
|
|
Any Other (specify) |
14,00,000 |
6.36 |
|
|
TMG Global Fzco |
14,00,000 |
6.36 |
|
|
Sub Total A2 |
14,00,000 |
6.36 |
|
|
A=A1+A2 |
1,60,59,354 |
73.00 |
|
Statement
showing shareholding pattern of the Public shareholder
|
Category &
Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a
% of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
|
|
|
Foreign Portfolio Investors |
55,249 |
0.25 |
|
|
Sub Total B1 |
55,249 |
0.25 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
|
|
|
B3) Non-Institutions |
0.00 |
|
|
|
Individual share capital upto INR 0.200 Million |
37,61,265 |
17.10 |
|
|
Individual share capital in excess of INR 0.200 Million |
18,22,892 |
8.29 |
|
|
Lata Shyam Parwaney |
6,38,635 |
2.90 |
|
|
Any Other (specify) |
3,01,240 |
1.37 |
|
|
Bodies Corporate |
1,74,531 |
0.79 |
|
|
Clearing Members |
63,638 |
0.29 |
|
|
NRI – Non- Repat |
6,359 |
0.03 |
|
|
NRI |
47,512 |
0.22 |
|
|
NRI – Repat |
9,200 |
0.04 |
|
|
Sub Total B3 |
58,85,397 |
26.75 |
|
|
B=B1+B2+B3 |
59,40,646 |
27.00 |
|
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|||||
|
Products : |
Raw Materials |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
Advance Payment |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
556 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(INR In Million)
|
||||||||||||||||||||||||||||||||||||
|
Auditors : |
|
|
Name : |
V.C. Darak and Associates Chartered Accountants |
|
Tel. No.: |
91-91-22-26161646 |
|
Fax No.: |
91-91-22-26161650 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entities over which
Key Management and their relatives are able to exercise significant influence
: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 5/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
INR 5/- each |
INR 110.000 Million |
|
|
|
|
|
Reconciliation of
number of Equity Shares outstanding at the beginning & at the end of the
year
|
Particulars |
31.03.2017 |
|
|
No. of Shares |
INR In Million |
|
|
As at the beginning of the year |
2200000 |
110.000 |
|
Add/(Less) during the year |
-- |
-- |
|
As at the end of
the year |
2200000 |
110.000 |
Details of Shareholders holding more than 5% Equity Shares#
|
Particulars |
31.03.2017 |
|
|
No. of Shares |
% of holdings |
|
|
Ram Ratna Research & Holdings Private Limited |
3400000 |
15.45 |
|
Mahendrakumar Kabra |
1867966 |
8.49 |
|
TMG Global FZCO |
1400000 |
6.36 |
|
Rameshwarlal Kabra - As Karta of Rameshwarlal Kabra(HUF) |
1241000 |
5.64 |
|
|
|
|
# As per the of the Company
Terms/ rights
attached to Equity Shares
The Company has only one class of shares referred to as equity shares having face value of INR 5/- per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to approval of the Shareholders in the ensuring Annual General Meeting, except in the case of interim dividend.
As per the Companies Act, 2013 the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. The distribution will be in proportion to the number of equity shares held by the Shareholders.
FINANCIAL DATA
[all figures are
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 |
110.000 |
110.000 |
110.000 |
|
(b) Reserves &
Surplus |
843.700 |
627.869 |
554.255 |
|
(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) |
953.700 |
737.869 |
664.255 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
292.899 |
116.125 |
128.561 |
|
(b) Deferred tax
liabilities (Net) |
32.145 |
30.209 |
34.188 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.214 |
6.279 |
5.279 |
|
Total Non-current
Liabilities (3) |
332.258 |
152.613 |
168.028 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1185.394 |
1024.030 |
963.966 |
|
(b) Trade payables |
397.225 |
45.229 |
145.425 |
|
(c) Other current
liabilities |
121.800 |
110.962 |
110.103 |
|
(d) Short-term provisions |
8.709 |
25.553 |
46.369 |
|
Total Current Liabilities
(4) |
1713.128 |
1205.774 |
1265.863 |
|
|
|
|
|
|
TOTAL |
2999.086 |
2096.256 |
2098.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
714.041 |
503.358 |
458.471 |
|
(ii) Intangible Assets |
0.272 |
0.444 |
0.557 |
|
(iii) Capital
work-in-progress |
4.681 |
16.571 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
28.429 |
28.429 |
28.442 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
96.328 |
64.357 |
72.990 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
843.751 |
613.159 |
560.460 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
396.727 |
190.216 |
149.661 |
|
(c) Trade receivables |
1475.963 |
1133.311 |
1160.872 |
|
(d) Cash and cash
equivalents |
138.197 |
29.864 |
41.895 |
|
(e) Short-term loans and
advances |
126.864 |
111.389 |
160.751 |
|
(f) Other current assets |
17.584 |
18.317 |
24.507 |
|
Total Current Assets |
2155.335 |
1483.097 |
1537.686 |
|
|
|
|
|
|
TOTAL |
2999.086 |
2096.256 |
2098.146 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
8009.748 |
7190.481 |
7409.118 |
|
|
|
|
Other Income |
16.134 |
17.024 |
23.053 |
|
|
|
|
TOTAL |
8025.882 |
7207.505 |
7432.171 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
6959.091 |
6420.063 |
6699.182 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(14.511) |
(25.960) |
(50.251) |
|
|
|
|
Employee Benefits Expenses |
202.321 |
166.131 |
140.580 |
|
|
|
|
Other Expenses |
355.095 |
291.904 |
278.450 |
|
|
|
|
TOTAL |
7501.996 |
6852.138 |
7067.961 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
523.886 |
355.367 |
364.210 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
109.490 |
136.929 |
148.291 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
414.396 |
218.438 |
215.919 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
83.310 |
73.706 |
65.081 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
331.086 |
144.732 |
150.838 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
115.255 |
51.259 |
52.618 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
215.831 |
93.473 |
98.220 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B. Value of Exports |
442.723 |
476.561 |
582.866 |
|
|
|
TOTAL EARNINGS |
442.723 |
476.561 |
582.866 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
2418.873 |
2007.175 |
2636.471 |
|
|
|
|
Stores & Spares |
11.179 |
6.242 |
4.950 |
|
|
|
|
Capital Goods |
41.601 |
82.656 |
38.958 |
|
|
|
TOTAL IMPORTS |
2471.653 |
2096.073 |
2680.379 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
9.81 |
4.25 |
4.46 |
||
Expected Sales (2017-2018): INR 9000.000 Million
The above information has been parted by Mr. Saurabh Gupta (Assiatant
Manager – Accounts)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.697 |
22.411 |
25.076 |
|
Cash generated from operations |
337.164 |
299.148 |
269.008 |
|
Net cash flows from (used in) operations |
205.503 |
245.552 |
223.986 |
QUARTERLY
RESULTS
|
Particulars |
|
|
30.06.2017 (Unaudited) |
|
|
|
|
|
|
Net sales |
|
|
2492.650 |
|
Total Expenditure |
|
|
2369.690 |
|
PBIDT (Excluding Other Income) |
|
|
122.960 |
|
Other income |
|
|
2.820 |
|
Operating Profit |
|
|
125.780 |
|
Interest |
|
|
30.510 |
|
Exceptional Items |
|
|
NA |
|
PBDT |
|
|
95.270 |
|
Depreciation |
|
|
22.770 |
|
Profit Before Tax |
|
|
72.500 |
|
Tax |
|
|
25.030 |
|
Provisions and
contingencies |
|
|
NA |
|
Profit after tax |
|
|
47.470 |
|
Extraordinary Items |
|
|
NA |
|
Prior Period Expenses |
|
|
NA |
|
Other Adjustments |
|
|
NA |
|
Net Profit |
|
|
47.470 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
67.26 |
57.53 |
57.19 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.43 |
6.34 |
6.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
20.83 |
2.57 |
7.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.32 |
1.87 |
2.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.73 |
0.68 |
0.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.67 |
0.63 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.55 |
1.55 |
1.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.80 |
1.63 |
1.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.75 |
0.71 |
0.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.78 |
2.60 |
2.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.69 |
1.30 |
1.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.20 |
4.46 |
4.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.63 |
12.67 |
14.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.26 |
1.23 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
1.07 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.35 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.44 |
10.37 |
9.93 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.26 |
1.23 |
1.21 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 5.00/- |
|
Market Value |
INR 182.00/- |
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 |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
554.255 |
627.869 |
843.700 |
|
Net worth |
664.255 |
737.869 |
953.700 |
|
|
|
|
|
|
long-term borrowings |
128.561 |
116.125 |
292.899 |
|
Short term borrowings |
963.966 |
1024.030 |
1185.394 |
|
Current Maturities of
Long term debt |
25.076 |
22.411 |
1.697 |
|
Total borrowings |
1117.603 |
1162.566 |
1479.990 |
|
Debt/Equity ratio |
1.682 |
1.576 |
1.552 |
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 |
7409.118 |
7190.481 |
8009.748 |
|
|
|
(2.951) |
11.394 |
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 |
7409.118 |
7190.481 |
8009.748 |
|
Profit |
98.220 |
93.473 |
215.831 |
|
|
1.33% |
1.30% |
2.69% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
110.000 |
110.000 |
|
(b) Reserves &
Surplus |
|
848.472 |
632.893 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
958.472 |
742.893 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
302.381 |
124.388 |
|
(b) Deferred tax
liabilities (Net) |
|
35.117 |
30.209 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
7.214 |
6.279 |
|
Total Non-current
Liabilities (3) |
|
344.712 |
160.876 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1201.401 |
1033.758 |
|
(b) Trade payables |
|
434.667 |
54.719 |
|
(c) Other current
liabilities |
|
127.335 |
115.403 |
|
(d) Short-term provisions |
|
8.709 |
25.553 |
|
Total Current Liabilities
(4) |
|
1772.112 |
1229.433 |
|
|
|
|
|
|
TOTAL |
|
3075.296 |
2133.202 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
734.658 |
519.794 |
|
(ii) Intangible Assets |
|
0.285 |
0.446 |
|
(iii) Capital
work-in-progress |
|
4.740 |
18.463 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
4.000 |
4.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
101.841 |
70.951 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
845.524 |
613.654 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
416.256 |
199.481 |
|
(c) Trade receivables |
|
1513.404 |
1155.637 |
|
(d) Cash and cash
equivalents |
|
152.113 |
33.273 |
|
(e) Short-term loans and
advances |
|
130.383 |
112.840 |
|
(f) Other current assets |
|
17.616 |
18.317 |
|
Total Current Assets |
|
2229.772 |
1519.548 |
|
|
|
|
|
|
TOTAL |
|
3075.296 |
2133.202 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
Income |
|
8135.486 |
7283.582 |
|
|
Other Income |
|
16.175 |
17.045 |
|
|
TOTAL |
|
8151.661 |
7300.627 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
7063.305 |
6492.375 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(20.787) |
(24.217) |
|
|
Employees benefits expense |
|
209.965 |
171.158 |
|
|
Other expenses |
|
365.069 |
299.098 |
|
|
TOTAL |
|
7617.552 |
6938.414 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
534.109 |
362.213 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
111.619 |
138.242 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
422.490 |
223.971 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
86.286 |
76.275 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
336.204 |
147.696 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
115.911 |
51.542 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
220.293 |
96.154 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
10.01 |
4.37 |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loan from Directors |
16.662 |
16.152 |
|
Loan from Promoters and relatives |
91.811 |
91.811 |
|
Inter Corporate loans |
6.000 |
6.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
From Bank – Foreign Currency loans |
54.082 |
96.495 |
|
From Bank – Rupee loans – Short Term |
208.302 |
243.809 |
|
From Financial Institution – Rupee Loan |
17.507 |
47.630 |
|
|
|
|
|
Total |
394.364 |
501.897 |
RAM
RATNA WIRES LIMITED
COMPANY OVERVIEW
Subejct is engaged in the business of manufacturing engineering goods such as Enamelled Copper Wire & Strips, Enamelled Alluminium Wire, Submersible Winding Wire, Fibre Glass Covered Copper Wire & Strips, Paper Covered Copper Wire & Strips
FINANCIAL HIGHLIGHTS
As a result of these initiatives, the Company achieved a turnover of INR 8009.748 Million as compared to INR 7190.481 Million in the previous year thereby registering a growth of 11.40% over previous year. Profit before Tax were INR 331.086 Million as against INR 144.732 Million in the previous year. The Profit after Tax stood at INR 215.831 Million as compared to the profit of INR 93.473 Million in the previous year.
The operations and financial results of the Company are elaborated in the Management Discussion and Analysis Report.
MANAGEMENT DISCUSSION
AND ANALYSIS
INDUSTRY STRUCTURE
AND DEVELOPMENTS
Ram Ratna Wires Limited (hereinafter "the Company") is a leading Indian manufacturer and supplier of Winding Wires in organized market. The Company is known for its unique product range with its portfolio of all gauges backed by a widespread distribution network. The Company has strong brand equity and a robust business model that has continuously steered its growth over the years. It is one of the most trusted brands providing winding wire solutions to both retail and industrial customers spread across the country.
The Company is into manufacturing of winding wires, mainly enamelled copper wires. Based on market demand company's products have been diversified into enamelled copper strips, enamelled aluminum wires, submersible winding wires, paper covered round wires and strips, fiber glass covered strips and enamelled fiberglass covered and varnished strips. The company manufactures the range of super fine enamelled copper wire from 47 swg i.e. 51 microns down to thinner size 52 Swg i.e. upto 20 microns.
ECONOMIC REVIEW
World Economy:
Global economic activity is picking up pace with a long awaited cyclical recovery in investment, manufacturing, and trade. Economic activity gained some momentum in the second half of 2016, especially in advanced economies. Growth picked up in the United States as firms grew more confident about future demand, and inventories started contributing positively to growth after five quarters of a drag. Growth also remained solid in the United Kingdom, where spending proved resilient in the aftermath of the June 2016 referendum in favor of leaving the European Union (Brexit).
World growth is projected to increase to 3.5% in CY 2017 and 3.6% in CY 2018. Together with a modest change in the forecast for the overall global growth rate, projections of the strength of economic activity across country groups have also shifted. Economic activity in advanced economies is forecasted to grow by 2% in CY 2017 and at the same rate in CY 2018. The stronger outlook in advanced economies reflects a projected cyclical recovery in global manufacturing.
Economic performance across emerging market and developing economies has remained mixed. China's growth remained strong, reflecting continued policy support, whereas, India witnessed a slowdown in activities owing to the impact of the currency exchange initiative. Emerging market and developing economies is forecast to grow by about 4.5% and 4.8%, respectively, in 2017 and 2018. This reflects a stabilisation or recovery in a number of commodity exporters, some of which underwent painful adjustments following the drop in commodity prices, and strengthening growth in India, partially offset by a gradual slowdown of the Chinese economy.
Stronger activity and expectations of more robust global demand, coupled with agreed restrictions on oil supply, have helped commodity prices recover from their troughs in early 2016. Oil prices increased by almost 20% between August 2016 and February 2017, in part due to the agreement by the OPEC and other producers to cut oil production.
Indian Economy:
By passing the risk of slowdown due to demonetisation, the Indian economy is estimated to have grown at 7.1% in FY17 according to the CSO. However, this growth rate would still be lower compared with the impressive 7.9% growth recorded in FY16. The GDP growth of FY17 is expected to be supported by the agricultural sector growth of 4.4% vis-à-vis 0.8% growth recorded in FY16 and a subdued growth recorded for industry (5.8% as against 8.2% in FY16) and service (7.9% compared to 9.8% growth in FY16) verticals.
In the fiscal year FY17, the Gross Fixed Capital Formation (GFCF) recorded a decline to 26.9% of GDP as against 29.2% of GDP recorded in FY16. Lower private sector spending led to low capacity utilisation which in turn hampered the overall investment in the economy. Also private sector investment in infra has not yet picked up.
Inflation displayed a mixed picture in FY17. While CPI inflation moderated during the course of the year, from 5.4% in April 2016 to 3.8% in March 2017, aided by lower food prices, the WPI inflation increased continuously during the year from 0.8% in April 2016 to end the year at 5.7% in March 2017 with an increase in fuel and manufactured goods prices. In FY18, there is an upside risk to the inflation due to a possible increase in global crude oil prices and firming up of commodities.
The Indian economy is expected to embark on a higher economic growth trajectory in FY18 owing to many proactive measures taken by the Government, complimented by favourable economic conditions expected to prevail during the course of the year. The economy is expected to grow at 7.5% in FY18 on the back of increased agricultural production, owing to prediction of near normal monsoons this fiscal, increased Government spending in infrastructure, expected surge in consumer spending with pent up demand being satiated and implementation of the Goods and Services Tax (GST).
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C00614594 |
10485232 |
IDBI TRUSTEESHIP SERVICES LIMITED |
03/03/2014 |
- |
- |
1328300000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
2 |
C00604124 |
10485195 |
IDBI TRUSTEESHIP SERVICES LIMITED |
28/02/2014 |
- |
- |
1328300000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
3 |
C63068118 |
80002392 |
STATE BANK OF INDIA LEAD BANK |
04/07/2003 |
12/01/2013 |
10/08/2015 |
1045200000.0 |
MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCHMARBLE ARCH, RACE COURSE CIRCLE,VADODARAGJ390007IN |
|
4 |
C63067326 |
10279719 |
State Bank of India |
30/03/2011 |
08/11/2011 |
10/08/2015 |
1022600000.0 |
MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCHMARBLE ARCH, RACE COURSE CIRCLE,VADODARAGJ390007IN |
|
5 |
B71720049 |
80002397 |
STATE BANK OF INDIA |
29/03/2003 |
29/08/2009 |
22/03/2013 |
211000000.0 |
MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCH,MARBLE ARCH, RACE COURCE,VADODARAGJ390007IN |
|
6 |
B71725444 |
80002400 |
STATE BANK OF INDIA LEAD BANK |
27/03/2004 |
05/07/2007 |
22/03/2013 |
581500000.0 |
INDUSTRIAL FINANCE BRANCH, MARBLE ARCHRACE COURSE CIRCLEVADODARAGJ390007IN |
CONTINGENT
LIABILITIES AND COMMITMENTS
|
Contingent
Liabilities |
31.03.2017 |
31.03.2016 |
|
i)Guarantees |
|
|
|
Bank Guarantees (Suppliers) |
44.070 |
45.320 |
|
Corporate Guarantees to Bank (Channel Financing for Dealers) |
211.023 |
157.657 |
|
ii)Bill Discounting |
8.866 |
14.782 |
|
iii)Claims against the Company not acknowledged as debts |
|
|
|
Income Tax Demands |
-- |
-- |
|
Excise & Service Tax Demands |
76.343 |
71.278 |
|
Bonus F.Y. 2014-15 |
4.200 |
4.200 |
|
|
|
|
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 31ST DECEMBER 2017
(INR In Million)
|
Particulars |
Quarter Ended |
Quarter Ended |
Nine Months Ended |
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
|
|
|
|
|
Income from Operations |
|
|
|
|
a) Revenue from Operation |
2616.110 |
2346.664 |
7455.420 |
|
b) Other Income |
8.398 |
14.841 |
26.055 |
|
Total Income from Operations
(net) |
2624.508 |
2361.505 |
7481.475 |
|
Expenditure |
|
|
|
|
a) Cost of materials
consumed |
2186.963 |
2105.265 |
6381.958 |
|
b) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
139.794 |
(37.636) |
(20.066) |
|
c) Excise Duty |
-- |
-- |
256.224 |
|
d) Employee benefits
expense |
58.182 |
56.978 |
169.609 |
|
e) Finance Cost |
34.621 |
36.508 |
101.642 |
|
f) Depreciation and
amortisation expense |
24.237 |
22.992 |
70.001 |
|
g) Other expenses |
87.130 |
71.112 |
249.743 |
|
Total Expenses |
2530.927 |
2255.219 |
7209.111 |
|
Profit /(Loss) before tax |
93.581 |
106.286 |
272.364 |
|
Tax
expenses - Previous year’s Tax - Current year’s Tax - Deferred Tax |
(1.098) 35.226 1.682 |
0.000 34.052 1.908 |
(1.098) 100.788 (2.893) |
|
Net
Profit / (Loss) after tax |
57.771 |
70.326 |
175.567 |
|
Other
Comprehensive Income |
|
|
|
|
i)
Item that will not reclassified to profit or loss ii)
Income tax relating to items that will not be
reclassified to profit or loss |
156.905 (36.833) |
55.286 (12.750) |
216.320 (50.536) |
|
iii)
Items that will be reclassified to profit or loss iv)
Income tax relating to items that will be
reclassified to profit or loss |
1.402 (1.014) |
(2.930) 1.013 |
(1.530) -- |
|
Total
Other Comprehensive Income tax for the period |
120.460 |
40.619 |
164.254 |
|
Total
Comprehensive Income for the period |
178.231 |
110.945 |
339.821 |
|
Paid-up equity share
capital (Face Value of Rs. 10 per share) |
110.000 |
110.000 |
110.000 |
|
Other Equity |
|
|
|
|
Basic
Earning Per Share |
2.63 |
3.20 |
7.98 |
|
Diluted
Earning Per Share |
2.63 |
3.20 |
7.98 |
FIXED ASSETS:
- Land
- Factory
Building
- Residential
Building
- Plant and
Machinery
- Electric
Installation
- Furniture and
Fixtures
- Office and other
Equipment
- Vehicles
- Computers
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 records 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 91.49 |
|
Euro |
1 |
INR 79.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--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.