|
|
|
MIRA INFORM REPORT
|
Report No. : |
501910 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAAZA INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 29, HACP Colony, Kharkhana Road, Secunderabad – 500009, Telangana |
|
Tel. No.: |
91-40-27840333 |
|
|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.02.2001 |
|
|
|
|
Com. Reg. No.: |
36-072561 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 72.581 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L51109TG2001PLC072561 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Trading
of building material, bio pesticides and bio fertilizers and pulses. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2001 and it is engaged as trader and dealer of FMCG products, bio pesticides, bio fertilizer and pulses as well as trader of building material. For the financial year 2017, the company has reported a sharp decline in its revenue as compared to its previous year and has incurred losses during the year. The company possesses moderate financial risk profile marked by modest net worth base and average debt protection metrics. Rating gets constrained on account of loss incurred during the year due to highly fragmented and competitive retail consumer industry. As per 3rd quarter results of December 2017, the company has not earned any income from its operations and has incurred a loss of INR 3.594 million. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealing with some caution. |
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 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
Management Non-Cooperative (91-40-27840333 / 9393877777)
91-40-30228228 – Not Working
LOCATIONS
|
Registered Office : |
Plot No. 29, HACP Colony, Kharkhana Road, Secunderabad – 500009, Telangana, India |
|
Tel. No.: |
91-40-27840333 |
|
Fax No.: |
91-40-30229229 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ravinder Rao Polsani |
|
Designation : |
Chairman
and Managing Director |
|
Address : |
H. No: 8-7-177/23, Plot No.2, Satyam Status
Enclave Swarnadhama Nagar, Old Bowenpally, Hyderabad – 500011, Telangana,
India |
|
Date of Appointment : |
14.08.2008 |
|
DIN No.: |
01445527 |
|
|
|
|
Name : |
Mr. Ganesh Vithal Kamath |
|
Designation : |
Independent
Director |
|
Address : |
6/B, RX-4, Maruti Darshan, Sudarshan Nagar,
M.I.D.C. Residential Zone, Dombivli – 421203, Maharashtra, India |
|
Date of Appointment : |
18.02.2009 |
|
DIN No.: |
00333643 |
|
|
|
|
Name : |
Mr. Satish Kumar Yerneni |
|
Designation : |
Independent
Director |
|
Address : |
Flat No.305, Uday Sai Mansion,
H.No.1-10-227/A, Ashok Nager Hyderabad – 500020, Telangana, India |
|
Date of Appointment : |
25.08.2014 |
|
DIN No.: |
01310502 |
|
|
|
|
Name : |
Mr. Kakarlapudi Appala Narasimha Raju |
|
Designation : |
Executive
Director cum Chief Financial Officer |
|
Address : |
50-1-53, ASR Nagar, Seethammadhara,
Visakhapatnam – 530013, Andhra Pradesh, India |
|
Date of Appointment : |
14.11.2015 |
|
DIN No.: |
02383452 |
|
|
|
|
Name : |
Mr. Namburu Venugopal |
|
Designation : |
Non-Executive
Director |
|
Address : |
Near Sagar Guest House, Madhira Khammam
District Madhira – 507203, Andhra Pradesh, India |
|
Date of Birth/Age : |
08.03.1976 |
|
Date of Appointment : |
14.08.2012 |
|
DIN No.: |
05271638 |
|
|
|
|
Name : |
Mrs. Vanaja Kumari Dokiparthi |
|
Designation : |
Independent
Director |
|
Address : |
8-3-976/48, III Floor, Shalivahana Nagar Colony,
Srinagar Colony, Hyderabad – 500073, Telangana,
India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07151205 |
KEY EXECUTIVES
|
Name : |
Mrs. Chittars Bhandhavi |
|
Designation : |
Company Secretary and Compliance Officer |
|
|
|
|
Audit
Committee : |
· Mr. G V Kamath - Chairman · Mr. D Vanaja Kumari - Member · Mr. Y Satish Kumar - Member |
|
|
|
|
Nomination
and Remuneration Committee : |
· Mr. Y Satish Kumar - Chairman · Mr. G V Kamath - Member · Mr. N Venugopal - Member |
|
|
|
|
Stakeholders
Relationship Committee : |
· Mr. G V Kamath - Chairman · Mr. N Venugopal - Member · Mr. Y Satish Kumar - Member |
|
|
|
|
Independent
Directors Committee : |
· Mr. G V Kamath - Member · Mr. Y Satish Kumar - Chairman · Mrs. D Vanaja Kumari - Member |
|
|
|
|
Risk
Management Committee : |
· Mr. G V kamath - Member · Mr. Y Satish Kumar - Chairman · Mr. N Venugopal - Member |
SHAREHOLDING PATTERN
AS ON December 2017
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
2618272 |
36.07 |
|
(B) Public |
4639838 |
63.93 |
|
Grand Total |
7258110 |
100.00 |
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
Individuals/Hindu
undivided Family |
2618272 |
36.07 |
|
Anuradha
Gottumukkala |
63620 |
0.88 |
|
Chandrasekhar
Nadimpalli |
94267 |
1.30 |
|
Deepti Vishal
Nadimpalli |
121000 |
1.67 |
|
N Subhadra Devi |
160000 |
2.20 |
|
N. Vishal |
50000 |
0.69 |
|
Polsani Ravinder
Rao |
1673835 |
23.06 |
|
Satyanarayana
Prasad Gottumukkala |
95130 |
1.31 |
|
Venugopal Namburu |
360420 |
4.97 |
|
Sub Total A1 |
2618272 |
36.07 |
|
A=A1+A2 |
2618272 |
36.07 |
Statement showing shareholding pattern of the Public
shareholder
|
Category of
Shareholder |
No. of
Shares |
Percentage
of Holding |
|
Individual share
capital upto INR 0.200 million |
603411 |
8.31 |
|
Individual share
capital in excess of INR 0.200 million |
3872655 |
53.36 |
|
E Sandeep Rao |
100000 |
1.38 |
|
Janak Harilal
Jhaveri |
92000 |
1.27 |
|
Naveen Kumar
Chennamaneni |
193021 |
2.66 |
|
P B N Murthy |
109251 |
1.51 |
|
P Srinivasarao |
365543 |
5.04 |
|
P V Ravi Kumar |
1233975 |
17.00 |
|
Pabbathi Praveen
Kumar |
132438 |
1.82 |
|
Rajul Premal
Doshi |
161111 |
2.22 |
|
Satyanarayana
Pabbathi |
106712 |
1.47 |
|
Srinivas
Yalamarthy |
100000 |
1.38 |
|
V B Narayanamma
Gollapudi |
481758 |
6.64 |
|
Venkat Naresh
Majeti |
352003 |
4.85 |
|
Vinod Ramesh
Halpati |
100000 |
1.38 |
|
Any Other
(Specify) |
163772 |
2.26 |
|
Bodies Corporate |
105531 |
1.45 |
|
Sai Deepa Rock
Drills Private Limited |
78548 |
1.08 |
|
NRI – Repat |
1600 |
0.02 |
|
Clearing Members |
56641 |
0.78 |
|
Sub Total B3 |
4639838 |
63.93 |
|
B=B1+B2+B3 |
4639838 |
63.93 |
BUSINESS DETAILS
|
Line of Business : |
Trading
of building material, bio pesticides and bio fertilizers and pulses. [Registered Activity] |
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Products / Services
: |
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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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||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
HDFC Bank Limited, Pet Basheerabad, Hyderabad, Telangana, India ·
State Bank of India, Tellapu Branch, Hyderabad,
Telangana, India ·
HSBC, Begumpet, Hyderabad, Telangana, India |
||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
M.M.
Reddy and Company Chartered Accountants |
|
Address : |
Hyderabad, Telangana, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company’s : |
· Taaza International PTE Limited · Taaza General Trading FZC, UAE |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7258110 |
Equity Shares |
INR 10/- each |
INR 72.581 Million |
|
|
|
|
|
Reconciliation
of shares outstanding at the beginning and at the end of the reporting period
|
Equity Shares |
Number
of Shares |
|
Equity Shares outstanding at the beginning of the year |
7258110 |
|
Add: Additional shares issued during the year |
-- |
|
Equity Shares outstanding at the closing of the year |
7258110 |
Names of shareholders
holding more than 5 % shares
|
Name of
Shareholder |
Number
of Shares |
% of Share holding |
|
G. V. B. Narayanamma |
481758 |
6.64 |
|
P. Ravinder Rao |
1673835 |
23.06 |
|
P.V. Ravi Kumar |
1232304 |
16.98 |
|
P Srinivasaa Rao |
365543 |
5.04 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
72.581 |
72.581 |
72.581 |
|
(b) Reserves & Surplus |
38.899 |
50.874 |
48.162 |
|
(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) |
111.480 |
123.455 |
120.743 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.112 |
1.384 |
2.940 |
|
(b) Deferred tax liabilities (Net) |
1.213 |
1.274 |
1.334 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.780 |
0.780 |
0.780 |
|
Total Non-current
Liabilities (3) |
2.105 |
3.438 |
5.054 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
12.555 |
18.252 |
15.072 |
|
(b) Trade
payables |
297.545 |
279.272 |
171.910 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
12.735 |
14.114 |
17.245 |
|
Total Current
Liabilities (4) |
322.835 |
311.638 |
204.227 |
|
|
|
|
|
|
TOTAL |
436.420 |
438.531 |
330.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22.390 |
23.757 |
31.415 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.667 |
28.668 |
28.668 |
|
(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 |
4.754 |
1.918 |
0.587 |
|
Total Non-Current
Assets |
35.811 |
54.343 |
60.670 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
31.762 |
30.960 |
67.090 |
|
(c) Trade
receivables |
337.008 |
323.074 |
142.380 |
|
(d) Cash
and cash equivalents |
3.599 |
14.537 |
44.720 |
|
(e) Short-term
loans and advances |
21.835 |
15.425 |
15.137 |
|
(f) Other
current assets |
6.405 |
0.192 |
0.027 |
|
Total
Current Assets |
400.609 |
384.188 |
269.354 |
|
|
|
|
|
|
TOTAL |
436.420 |
438.531 |
330.024 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1183.003 |
2584.923 |
3829.566 |
|
|
|
Other Income |
0.050 |
1.232 |
2.780 |
|
|
|
TOTAL |
1183.053 |
2586.155 |
3832.346 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
1091.086 |
2411.157 |
3648.199 |
|
|
|
Increase/Decrease of stock in trade |
(0.802) |
36.130 |
(48.448) |
|
|
|
Personal Cost |
3.558 |
8.677 |
9.228 |
|
|
|
Administration expenses |
85.066 |
122.618 |
197.314 |
|
|
|
Exceptional items |
13.600 |
0.000 |
0.000 |
|
|
|
TOTAL |
1192.508 |
2578.582 |
3806.293 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(9.455) |
7.573 |
26.053 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(9.455) |
7.573 |
26.053 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION |
1.377 |
1.955 |
1.906 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(10.832) |
5.618 |
24.147 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.892 |
2.906 |
8.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(11.724) |
2.712 |
16.016 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
EXPENSES |
0.249 |
0.000 |
4.020 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
45.030 |
42.318 |
30.322 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
33.056 |
45.030 |
42.318 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
(1.62) |
0.37 |
2.21 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current maturities of long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow/(used) from operating activities |
44.271 |
54.413 |
179.927 |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net sales |
259.430 |
NA |
NA |
|
Total Expenditure |
255.760 |
3.580 |
2.160 |
|
PBIDT (Excluding Other Income) |
3.670 |
(3.580) |
(2.160) |
|
Other income |
NA |
0.690 |
NA |
|
Operating Profit |
3.670 |
(2.890) |
(2.160) |
|
Interest |
2.740 |
NA |
1.270 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
0.930 |
(2.890) |
(3.430) |
|
Depreciation |
0.240 |
0.150 |
0.140 |
|
Profit Before Tax |
0.690 |
(3.040) |
(3.570) |
|
Tax |
0.250 |
NA |
0.020 |
|
Provisions and contingencies |
NA |
NA |
NA |
|
Profit after tax |
0.440 |
(3.040) |
(3.590) |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
0.440 |
(3.040) |
(3.590) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
103.98 |
45.62 |
13.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.51 |
8.00 |
26.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
99.54 |
42.28 |
17.20 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.30) |
0.24 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.42) |
0.32 |
0.83 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.71 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.11 |
0.16 |
0.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.90 |
2.52 |
1.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.20 |
0.19 |
0.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
(0.99) |
0.10 |
0.42 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.69) |
0.62 |
4.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(10.52) |
2.20 |
13.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.24 |
1.23 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.14 |
1.13 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.28 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.17 |
0.27 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.24 |
1.23 |
1.32 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
Market Value |
INR 8.70/- |
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 |
72.581 |
72.581 |
72.581 |
|
Reserves & Surplus |
48.162 |
50.874 |
38.899 |
|
Net
worth |
120.743 |
123.455 |
111.480 |
|
|
|
|
|
|
Long-Term Borrowings |
2.940 |
1.384 |
0.112 |
|
Short Term Borrowings |
15.072 |
18.252 |
12.555 |
|
Total
borrowings |
18.012 |
19.636 |
12.667 |
|
Debt/Equity
ratio |
0.149 |
0.159 |
0.114 |
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 |
3829.566 |
2584.923 |
1183.002 |
|
|
|
(32.501) |
(54.235) |
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
|
3829.566 |
2584.923 |
1183.002 |
|
Profit/(Loss) |
16.016 |
2.712 |
(11.725) |
|
|
0.42% |
0.10% |
(0.99%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
72.581 |
72.581 |
|
(b) Reserves &
Surplus |
|
82.136 |
92.934 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
5.781 |
5.650 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
160.498 |
171.165 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.112 |
1.384 |
|
(b) Deferred tax
liabilities (Net) |
|
1.213 |
1.274 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.780 |
0.780 |
|
Total Non-current
Liabilities (3) |
|
2.105 |
3.438 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
12.555 |
18.252 |
|
(b) Trade payables |
|
349.320 |
347.468 |
|
(c) Other current
liabilities |
|
17.203 |
14.115 |
|
(d) Short-term provisions |
|
3.232 |
2.407 |
|
Total Current Liabilities
(4) |
|
382.310 |
382.242 |
|
|
|
|
|
|
TOTAL |
|
544.913 |
556.845 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
22.390 |
23.757 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
20.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
4.754 |
1.918 |
|
Total Non-Current Assets |
|
27.144 |
45.675 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
31.762 |
30.960 |
|
(c) Trade receivables |
|
437.943 |
440.019 |
|
(d) Cash and cash
equivalents |
|
4.979 |
15.302 |
|
(e) Short-term loans and
advances |
|
36.680 |
24.696 |
|
(f) Other current assets |
|
6.405 |
0.193 |
|
Total Current Assets |
|
517.769 |
511.170 |
|
|
|
|
|
|
TOTAL |
|
544.913 |
556.845 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1518.428 |
3253.462 |
|
|
Other Income |
|
13.942 |
1.232 |
|
|
TOTAL |
|
1532.370 |
3254.694 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
1421.179 |
3053.008 |
|
|
Increase/Decrease of
stock in trade |
|
(0.802) |
36.130 |
|
|
Personal Cost |
|
7.447 |
9.386 |
|
|
Administration expenses |
|
98.341 |
128.641 |
|
|
Exceptional items |
|
13.600 |
0.000 |
|
|
TOTAL |
|
1539.765 |
3227.165 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
(7.395) |
27.529 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(7.395) |
27.529 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
1.377 |
1.955 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(8.772) |
25.574 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.892 |
2.906 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(9.664) |
22.668 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
|
86.069 |
65.600 |
|
|
|
|
|
|
|
Less |
PRIOR PERIOD EXPENSES |
|
0.249 |
0.000 |
|
|
|
|
|
|
|
Less |
SHARE OF PROFIT TRANSFERRED TO MINORITY INTEREST |
|
0.206 |
2.199 |
|
|
|
|
|
|
|
|
PROFIT AVAILABLE FOR APPROPRIATION |
|
0.455 |
2.199 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
|
75.950 |
86.069 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(1.36) |
2.82 |
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 |
No |
|
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 |
MANAGEMENT’S
DISCUSSION & ANALYSIS REPORT
Industry Structure, Development and Outlook
The company's major sources of revenues are from Trading of Building Material, Bio Pesticides and Bio Fertilizers and pulses. These generate revenues and cash primarily by trading of Building material and Bio-pesticides & Bio fertilizers through distribution division. The company has geographic area of Telangana and adjacent states. A key element showcasing India’s economic rise is the considerable changes in the country’s building and construction industry. The building materials sector in India is a key constituent of the country’s construction industry. Driven by recent growth in the infrastructure and the construction industry, the building material sector has recorded considerable growth over the last few years. Furthermore, India’s economic performance and rapid increase in per capita income signal excellent growth prospects for this sector.
OUTLOOK:
Presently the outlook is very promising.
STANDALONE
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST
DECEMBER 2017
(INR In Million)
|
Particulars |
Quarter ended |
Nine Months ended |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
||
|
INCOME FROM OPERATIONS |
|
|
|
|
Net Sales |
0.000 |
0.000 |
259.434 |
|
Other Operating Income |
0.000 |
0.000 |
0.000 |
|
Total
Income from Operations |
0.000 |
0.000 |
0.000 |
|
EXPENSES |
|
|
|
|
Purchase of Stock in Trade |
0.000 |
0.000 |
252.624 |
|
Employee benefits expense |
1.505 |
0.929 |
3.626 |
|
Finance Costs |
1.275 |
(0.685) |
3.326 |
|
Depreciation and Amortization expenses |
0.147 |
0.153 |
0.543 |
|
Other Expenditure |
0.647 |
2.641 |
5.237 |
|
Total
Expenses |
3.574 |
3.038 |
265.356 |
|
Profit/(Loss) from Operations before Other Income, Finance
Costs, & Exceptional items |
(3.574) |
(3.038) |
(5.922) |
|
Other Income |
0.000 |
0.000 |
0.000 |
|
Profit / (Loss) from ordinary activities before
Exceptional items |
(3.574) |
(3.038) |
(5.922) |
|
Exceptional items |
0.000 |
0.000 |
0.000 |
|
Profit / (Loss) before Tax |
(3.574) |
(3.038) |
(5.922) |
|
Tax Expense |
0.020 |
0.003 |
0.043 |
|
Profit / (Loss) after Tax |
(3.594) |
(3.041) |
(5.965) |
|
Less: Minority interest |
0.000 |
0.000 |
0.000 |
|
Profit / (Loss) for
the period after Minority interest |
(3.594) |
(3.041) |
(5.965) |
|
Earnings per Share (EPS) - INR |
(0.50) |
(0.42) |
(0.82) |
NOTES:
1. The above results were reviewed by the Audit Committee of Directors and taken on record by the Board of Directors of the Company at their meeting held on 13/02/2017.
2. The company adopted the Indian Accounting standards (Ind AS) from 01.04.2017 and accordingly these results.
3. The Company is engaged in Trading of Building Material operating hence there are no separate reportable segments.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B37672318 |
10346878 |
Bank of Maharashtra |
14/03/2012 |
23/04/2012 |
- |
50000000.0 |
No.1, Minerva Complex, Sarojini Devi Road, Secunderabad 500003, Telangana, India |
|
2 |
Y10356320 |
90248683 |
UTI Bank Limited |
30/11/2004 |
- |
- |
155000000.0 |
6-3-879/B; Greeenlands Road Begumpeth Hyderabad 500016, Telangana, India |
|
3 |
C53685525 |
10441581 |
Chinatrust Commercial Bank |
17/07/2013 |
- |
19/05/2015 |
150000000.0 |
42 (Old No.105), Chennai Bangalore Highways NH4 Sriperumbudur, Kancheepuram District, Tamilnadu 602105, India |
FIXED ASSETS:
· Land
· Computers and Peripherals
· Furniture and Fixture
· Vehicles
· Store Equipment
· Generator set
· Electrical Installation
· Office Equipment
PRESS RELEASE:
SEBI IMPOSES INR
0.500 MILLION FINE ON 8 INDIVIDUALS
Markets regulator Sebi imposed a total penalty of INR 0.500 million on eight individuals for violating capital market norms in a matter relating to Taaza International.
In an order, the Securities and Exchange Board of India (Sebi) said that the individuals "have violated" the provisions of Securities Contracts (Regulation) Act (SCRA).
The eight individuals are Ramana Bharati, Ramana Boina Shankar, Polsani Ravinder Rao, Sreeram V Mangalapalli, N Venugopal, ARS Rajan, Lakshmi Rajan and Pabbathi Venkata Ravi Kumar. Polsani Ravinder Rao is one of the current promoters of the firm.
The regulator had conducted an investigation into irregular trading in the scrip of Taaza International Limited, formerly known as Arunjyoti Enterprise Limited.
The probe revealed that the individuals had signed Memorandum of Understanding (MoU) among themselves wherein consideration for shares transferred was deferred beyond a day of the contract and the scrips would be unconditionally returned to the seller in case of default in payment and violated the provisions of SCRA.
The regulator said that the shares of the firm were sold and purchased by the individuals in off-market deal on October 12, 2011 and the payments were made much earlier on August 11, 2011 or much later on November 18, 2011, which is not in conformity with the provisions of SCRA.
"The noticees (eight individuals) have violated the provisions... of SCRA," Sebi said. PTI VRN ABM.
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 65.02 |
|
|
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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.