|
|
|
MIRA INFORM REPORT
|
Report No. : |
502381 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
EMC LIMITED (w.e.f. 08.09.2011) |
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|
|
|
Formerly Known
As : |
ELECTRICAL MANUFACTURING COMPANY LIMITED |
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Registered
Office : |
Constantia Office Complex, (South Block), 8th
Floor, 11, Dr. U. N. Brahmachari Street, Kolkata – 700017, West Bengal |
|
Tel. No.: |
91-33-22893122-24 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
18.05.1953 |
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|
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Com. Reg. No.: |
21-021044 |
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Capital
Investment / Paid-up Capital : |
INR 483.350 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31901WB1953PLC021044 |
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|
|
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IEC No.: [Import-Export Code No.] |
0288034074 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
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PAN No.: [Permanent Account No.] |
AAACE7582J |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in erection, procurement and construction of transmission lines packages which it bags the contract from PGCIL, APTRANSCO, TSTRANSCO, etc. (Registered activity) |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1953 and is engaged in offering
turnkey solutions for power transmission, distribution systems and associated
and associated sub-systems. For the financial year 2017, the company has achieved revenue growth
of 12.11% as compared to the previous year along with an average profit
margin of 3.87%. The sound financial risk profile of the company marked by adequate net
worth base along with comfortable debt coverage indicators due to low debt
balance sheet profile. Rating takes into consideration the subject’s healthy Earnings per
Share of INR 35.28 against the Face Value of INR 10. Rating also takes into account the subjects long established track
record of business operations along with extensive experience of its promoters.
Payment seems to be regular. In view of strong financial profile, 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 |
INDIA RATING |
|
Rating |
Long Term Borrowing (Withdrawn) = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
25.01.2018 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short Term Borrowing (Withdrawn) = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
25.01.2018 |
Reason for Suspension: No object certificate
received.
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 06.04.2018
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. Yogesh Kumar Kothari |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9007784719 |
|
Date : |
06.04.20018 |
LOCATIONS
|
Registered Office : |
Constantia Office Complex, (South Block), 8th
Floor, 11, Dr. U. N. Brahmachari Street, Kolkata – 700017, West Bengal, India
|
|
Tel. No.: |
91-33-22893122-24 |
|
Mobile No.: |
91-9007784719 (Mr. Yogesh Kumar Kothari) |
|
Fax No.: |
91-33-22893121 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Tower Works: |
51, Canal East Road, Kolkata – 700085, West Bengal, India |
|
Tel. No. : |
91-33-40158938 |
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Fax No. : |
91-33-23701221 |
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|
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Agarpara Works: |
139-B, B.T. Road, P.O. Kamarhati, Kolkata – 700058, West Bengal,
India |
|
Tel. No. : |
91-33-25231535 |
|
Fax No. : |
91-33-25231536 |
|
|
|
|
Naini Works: |
Mirzapur Road, P.O. TSL, Naini, Allahabad – 211010, Uttar Pradesh,
India |
|
Tel. No. : |
91-532-2687340 |
|
|
|
|
Mumbai Office: |
001, Satelite Gazebo, B-Wing, Ground Floor, Andheri – Ghatkopar Link Road, Chakala, Andheri (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No. : |
91-22-45051600 |
|
Fax No.: |
91-22-45051639 |
|
Email: |
|
|
|
|
|
Hyderabad Office: |
H.No.6-3-668/10/27, Ground Floor Durga Nagar Colony, Punjagutta, Hyderabad-500082, Telangana, India |
|
Tel. No. : |
91-040-40164959 |
|
Fax No. : |
91-040-40164959 |
|
Email: |
|
|
|
|
|
New Delhi Office: |
B-2, 2nd Floor, Greater Kailash Enclave, Part - 2, New Delhi – 110048, India |
|
Tel. No. : |
91-11-40548491-92 |
|
Fax No. : |
91-11-40548493 |
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Email: |
|
|
|
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Chennai Office : |
S.k. Enclave, 3rd Floor, 4/47, Nowroji Road, Chetput, Chennai – 600031, Tamilnadu, India |
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Bangalore Office: |
#756, 4th Block, 80 Feet Road, Koramangala, Bangalore – 560034, Karnataka, India |
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|
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Overseas Offices: |
Located At:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Manoj Toshniwal |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
Cl-280, Salt Lake, Sector-II, Kolkata - 700091, West Bengal, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
30.12.1967 |
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Qualification : |
Commerce Graduate |
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Date of Appointment : |
24.07.2007 |
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PAN No.: |
ABLPT0229L |
||||||||||||||||||||||||
|
DIN No.: |
00022787 |
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|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Biplab Shankar Bose |
||||||||||||||||||||||||
|
Designation : |
Whole time Director |
||||||||||||||||||||||||
|
Address : |
FE 85, Salt Lake Sector-3, Kolkata-700091, West Bengal, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
01.07.1950 |
||||||||||||||||||||||||
|
Qualification : |
B.TECH, MBA |
||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2016 |
||||||||||||||||||||||||
|
PAN No.: |
ACZPB3611R |
||||||||||||||||||||||||
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DIN No.: |
01737400 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Bijan Roy |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
12C, Garfa 4th Lane P.O. Santoshpur / Jadavpur, Kolkata-700075, West Bengal, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
13.05.1947 |
||||||||||||||||||||||||
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Qualification : |
B.COM, FCA and CAIIB |
||||||||||||||||||||||||
|
Date of Appointment : |
18.09.2017 |
||||||||||||||||||||||||
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PAN No.: |
ACIPR4154Q |
||||||||||||||||||||||||
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DIN No.: |
02668395 |
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Other Directorship:
|
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||||||||||||||||||||||||
|
Name : |
Ms. Arundhuti Dhar |
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Designation : |
Director |
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Address : |
W2A (R), 15/5, Phase IVB Golf Green, Kolkata-700095, West Bengal, India |
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Date of Birth/Age : |
21.06.1973 |
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Qualification : |
Graduate in Political Science |
||||||||||||||||||||||||
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Date of Appointment : |
28.09.2015 |
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PAN No.: |
ACNPD9707E |
||||||||||||||||||||||||
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DIN No.: |
03197285 |
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Kumar Kothari |
|
Designation : |
Account Manager |
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|
|
|
Name : |
Mr. Arun Kumar Kedia |
|
Designation : |
Chief Finance Officer (KMP) |
|
Address : |
11F, Selimpur Bye Lane, Kolkata-700031, West Bengal, India |
|
Date of Birth/Age : |
21.06.1973 |
|
Date of Appointment : |
03.09.2014 |
|
PAN No.: |
AFGPK6398N |
|
|
|
|
Name : |
Mr. Amit Kumar Surana |
|
Designation : |
Company Secratary |
|
Address : |
B-7, Cluster-13, Bidhannagar (M), North 24, Parganas Purbachal, Kolkata - 700097, West Bengal, India |
|
Date of Appointment : |
01.01.2018 |
|
PAN No.: |
AZLPS0583Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
LIST OF SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 18.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
26.39 |
|
Promoter - Bodies
corporate |
63.09 |
|
Public – (Individual/ Hindu Undivided
Family – Indian |
0.16 |
|
Public - Bodies corporate |
10.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in erection, procurement and construction of transmission lines packages which it bags the contract from PGCIL, APTRANSCO, TSTRANSCO, etc. (Registered activity) |
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Products : |
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||||
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||||
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Brand Names : |
Not Divulged |
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||||
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Agencies Held : |
Not Divulged |
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||||
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Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
||||
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|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
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Bankers : |
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||||||||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institutions : |
LIC Housing Finance Limited, South Area Office, Andhra Insurance
Building, 3rd Floor, 12, Chowringhee Square, Kolkata – 700001, West Bengal,
India |
|
|
|
|
Auditors : |
|
|
Name : |
SRB and Associates Chartered Accountants |
|
Address : |
5th Floor, IDCO Tower, Janapath, Bhubaneswar – 751022, Odisha, India |
|
Tel. No.: |
91-674-2541043, 2545880 |
|
Fax No.: |
91-674-2546414 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAXFS6281Q |
|
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Secretarial Audit
Report: |
|
|
Name : |
B. Nair and Company |
|
|
|
|
|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
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|
Subsidiary Company
: |
U74900KA2012PLC064625
U40108WB2010PLC149583
U40102WB2011PLC162101
U60230WB2010PLC150647
U24299WB1982PLC183166
U40102WB2010PLC149843
U40107WB2010PLC149842
U80221WB2010PLC151754
|
|
|
|
|
Joint Venture: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
INR 10/- each |
INR 750.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48335000 |
Equity Shares |
INR 10/- each |
INR 48.335
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
483.350 |
470.000 |
370.000 |
|
(b) Reserves & Surplus |
9454.774 |
7152.403 |
4900.828 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
1250.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9938.124 |
7622.403 |
6520.828 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2335.839 |
3266.347 |
3724.420 |
|
(b) Deferred tax liabilities
(Net) |
1892.736 |
1123.338 |
146.662 |
|
(c) Other long term
liabilities |
2632.470 |
2776.846 |
577.251 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
6861.045 |
7166.531 |
4448.333 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7700.153 |
7690.090 |
6685.176 |
|
(b) Trade payables |
12811.228 |
12168.466 |
12137.353 |
|
(c) Other current liabilities |
2973.730 |
2720.411 |
733.948 |
|
(d) Short-term provisions |
19.510 |
16.923 |
689.386 |
|
Total
Current Liabilities (4) |
23504.621 |
22595.890 |
20245.863 |
|
|
|
|
|
|
TOTAL |
40303.790 |
37384.824 |
31215.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2616.437 |
1673.622 |
1822.972 |
|
(ii) Intangible Assets |
5.903 |
5.131 |
4.462 |
|
(iii) Capital work-in-progress |
0.000 |
2.200 |
6.282 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1390.527 |
1845.654 |
711.903 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
96.882 |
|
(e) Other Non-current assets |
675.729 |
560.926 |
317.922 |
|
Total
Non-Current Assets |
4688.596 |
4087.533 |
2960.423 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1103.294 |
1348.849 |
1384.990 |
|
(c) Trade receivables |
19210.599 |
17016.312 |
15418.453 |
|
(d) Cash and cash equivalents |
49.799 |
89.288 |
1009.550 |
|
(e) Short-term loans and advances |
0.000 |
0.000 |
10159.649 |
|
(f) Other current assets |
15251.502 |
14842.842 |
281.959 |
|
Total
Current Assets |
35615.194 |
33297.291 |
28254.601 |
|
|
|
|
|
|
TOTAL |
40303.790 |
37384.824 |
31215.024 |
PROFIT
& LOSS ACCOUNT - STANDALONE
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
46316.193 |
41312.665 |
35826.766 |
|
|
Other Income |
140.231 |
142.781 |
137.681 |
|
|
TOTAL
|
46456.424 |
41455.446 |
35964.447 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
34888.449 |
30858.820 |
28143.563 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
271.536 |
84.098 |
(261.849) |
|
|
Employees benefits expense |
826.531 |
767.273 |
766.772 |
|
|
Other expenses |
5634.853 |
5417.810 |
3885.564 |
|
|
TOTAL |
41621.369 |
37128.001 |
32534.050 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4835.055 |
4327.445 |
3430.397 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2131.950 |
1856.519 |
1196.447 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2703.105 |
2470.926 |
2233.950 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
173.083 |
175.551 |
168.556 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2530.022 |
2295.375 |
2065.394 |
|
|
|
|
|
|
|
Less |
TAX |
872.043 |
790.066 |
783.184 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1657.979 |
1505.309 |
1282.210 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1674.683 |
220.276 |
2284.377 |
|
|
TOTAL
EARNINGS |
1674.683 |
220.276 |
2284.377 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
35.28 |
33.09 |
34.65 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1128.716 |
822.071 |
510.192 |
|
Net cash flows from (used in) operations |
615.432 |
(991.139) |
(3624.048) |
|
Net cash flows from (used in) operating activities |
3029.402 |
1007.806 |
(3230.051) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
151.39 |
150.34 |
157.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.41 |
2.43 |
2.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
134.03 |
143.93 |
157.41 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
4.38 |
3.21 |
2.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.84 |
2.57 |
1.87 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.71 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.12 |
1.55 |
1.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.37 |
2.96 |
3.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.26 |
0.22 |
0.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.27 |
2.33 |
2.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.58 |
3.64 |
3.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.11 |
4.03 |
4.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.68 |
19.75 |
19.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.52 |
1.47 |
1.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.47 |
1.41 |
1.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.25 |
0.20 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
23.10 |
25.06 |
29.51 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.52 |
1.47 |
1.40 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
370.000 |
470.000 |
483.350 |
|
Reserves & Surplus |
4900.828 |
7152.403 |
9454.774 |
|
Share Application money pending allotment |
1250.000 |
0.000 |
0.000 |
|
Net
worth |
6520.828 |
7622.403 |
9938.124 |
|
|
|
|
|
|
Long Term borrowings |
3724.420 |
3266.347 |
2335.839 |
|
Short Term borrowings |
6685.176 |
7690.090 |
7700.153 |
|
Current Maturities of Long term debt |
510.192 |
822.071 |
1128.716 |
|
Total
borrowings |
10919.788 |
11778.508 |
11164.708 |
|
Debt/Equity
ratio |
1.675 |
1.545 |
1.123 |
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
|
35826.766 |
41312.665 |
46316.193 |
|
|
|
15.312 |
12.111 |
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
|
35826.766 |
41312.665 |
46316.193 |
|
Profit |
1282.210 |
1505.309 |
1657.979 |
|
|
3.58% |
3.64% |
3.58% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
483.350 |
470.000 |
|
(b) Reserves & Surplus |
|
10154.188 |
7983.945 |
|
(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) |
|
10637.538 |
8453.945 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3191.802 |
3991.121 |
|
(b) Deferred tax liabilities
(Net) |
|
1929.419 |
1141.738 |
|
(c) Other long term
liabilities |
|
3059.759 |
2796.589 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
8180.980 |
7929.448 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
7744.916 |
7867.608 |
|
(b) Trade payables |
|
16166.444 |
18163.071 |
|
(c) Other current liabilities |
|
3780.463 |
3110.293 |
|
(d) Short-term provisions |
|
19.511 |
16.923 |
|
Total
Current Liabilities (4) |
|
27711.334 |
29157.895 |
|
|
|
|
|
|
TOTAL |
|
46529.852 |
45541.288 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3515.494 |
2533.208 |
|
(ii) Intangible Assets |
|
51.396 |
534.394 |
|
(iii) Capital work-in-progress |
|
22.691 |
55.300 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
789.856 |
1148.054 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
857.509 |
1122.718 |
|
Total
Non-Current Assets |
|
5236.946 |
5393.674 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1396.500 |
1771.424 |
|
(c) Trade receivables |
|
23467.173 |
23137.716 |
|
(d) Cash and cash equivalents |
|
582.848 |
458.663 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
15846.385 |
14779.811 |
|
Total
Current Assets |
|
41292.906 |
40147.614 |
|
|
|
|
|
|
TOTAL |
|
46529.852 |
45541.288 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
53568.661 |
51626.346 |
|
|
Other Income |
|
269.416 |
369.384 |
|
|
TOTAL
|
|
53838.077 |
51995.730 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
40720.950 |
39285.394 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
271.536 |
42.197 |
|
|
Employees benefits expense |
|
1345.167 |
1466.552 |
|
|
Exceptional Items |
|
13.598 |
-22.422 |
|
|
Other expenses |
|
6425.785 |
6436.456 |
|
|
TOTAL |
|
48777.036 |
47208.177 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
5061.041 |
4787.553 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
2181.080 |
1896.339 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
2879.961 |
2891.214 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
260.052 |
281.464 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
2619.909 |
2609.750 |
|
|
|
|
|
|
|
Less |
TAX |
|
904.418 |
846.199 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
1715.491 |
1763.551 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
36.5 |
38.77 |
LEGAL
CASES
HIGH COURT
|
SAM BUSINESS CONTINUITY SERVICES Vs. EMC LIMITED |
|
High Court-Delhi |
|
Case No: ARB.P. 128/2016 |
|
Case Status: Pending |
|
Judge: HON BLE MR. JUSTICE MANMOHAN SINGH |
|
Date:16/06/02 |
|
SPECTRUM LIFE MEDICAL DEVICE PVT.LTD EMC SUPER CM1368CII2017 |
|
High Court-Punjab |
|
Case No:CR-518-2017 (IO) |
|
Case Status: Pending |
|
Judge: HON'BLE MR. JUSTICE B.S. WALIA |
|
Date: 2017-12-18 |
|
SPECTRUM LIFE MEDICAL DEVICE PVT.LTD EMC SUPER SPECIALTY HOSPITAL PVT. CM1368CII2017 EXEMPTIONCC |
|
High Court-Punjab |
|
Case No:CR-518-2017 (IO) |
|
Case Status: Pending |
|
Judge: HON'BLE MR. JUSTICE B.S. WALIA |
|
Date:2017-12-18 |
|
SAM BUSINESS CONTINUITY SERVICES ADVOCATE KNM AND PARTNERSLAW OFFICES Vs. EMC LIMITED |
|
High Court-Delhi |
|
Case No: ARB.P. 128 2016 |
|
Case Status: Pending |
|
Judge: |
|
Date:2016-02-25 00:00:00.to_s |
|
SPECTRUM LIFE MEDICAL DEVICE PVT.LTD EMC SUPER |
|
High Court-Punjab |
|
Case No:CR-518-2017 (IO) |
|
Case Status: Pending |
|
Judge: HON'BLE MRS. JUSTICE SNEH PRASHAR |
|
Date:2017-01-25 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 139-B, B. T Road, P O Kamarhati, Kolkata-700058, West Bengal,
India to the present address w.e.f.
14.05.2011.
BACKGROUND
Subject with over five decades of experience is one of India’s fastest growing Engineering, Procurement and Constructions (EPC) companies and a world-class provider of end-to-end power systems solutions across the world. Since 1953 EMC Limited has built critical power and infrastructure assets for our country and clients globally. Today EMC Limited is a global company with a world wide presence in Power Transmission, Power Distribution, Balance of Plant and Railways.
AMALGAMATION OF THE
COMPANY
The management in view of the recent changes in the business dynamics and financial markets decided not to go ahead with the Scheme of Amalgamation of EMC Limited, McNally Bharat Engineering Company Limited and McNally Sayaji Engineering Limited with Kilburn Engineering Limited and hence resolved to withdraw the proposed Scheme on 3rd December, 2016.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
166.400 |
333.200 |
|
Rupee term loans from others |
466.667 |
2472.464 |
|
Total |
633.067 |
2805.664 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75055467 |
100150088 |
Indian Bank |
26/12/2017 |
- |
- |
2000000000.0 |
Strand Road Branch3A Hare StreetKolkataWB700001IN |
|
2 |
G55619001 |
100126470 |
Vijaya Bank |
11/09/2017 |
- |
- |
490000000.0 |
Corporate Banking Branch-18,N.S.RoadKolkataWB700001IN |
|
3 |
G50273929 |
100115521 |
LAKSHMI VILAS BANK LIMITED |
06/07/2017 |
- |
- |
750000000.0 |
3 Red Cross PlaceKolkataWB700001IN |
|
4 |
G81519530 |
100164652 |
LIC HOUSING FINANCE LTD |
29/06/2017 |
- |
- |
100000000.0 |
South Area Office, Andhra Insurance Building3rd Floor, 12, Chowringhee SquareKOLKATAWB700001IN |
|
5 |
G48552517 |
100110143 |
ORIENTAL BANK OF COMMERCE |
22/06/2017 |
- |
- |
2250000000.0 |
Large Corporate Branch,6th Floor, Om Towers, 32, J. L. Nehru RoadKolkataWB700071IN |
|
6 |
G45876760 |
100102745 |
UCO Bank |
19/05/2017 |
- |
- |
2875000000.0 |
FCC-IEP BRANCH2, INDIA EXCHANGE PLACEKOLKATAWB700001IN |
|
7 |
G48315105 |
100109461 |
Syndicate Bank |
18/05/2017 |
- |
- |
1900000000.0 |
6 NS Road BranchKOLKATAWB700001IN |
|
8 |
G46291639 |
100103878 |
United Bank of India |
06/05/2017 |
- |
- |
1000000000.0 |
11, HEMANTA BASU SARANIKOLKATAWB700001IN |
|
9 |
G40844342 |
100089375 |
IFCI LIMITED |
06/03/2017 |
- |
- |
2000000000.0 |
IFCI Tower, 61 Nehru Place,New Delhi |
|
10 |
G22174213 |
100060406 |
IL&FS FINANCIAL SERVICES LIMITED |
05/10/2016 |
- |
- |
600000000.0 |
II & FS FINANCIAL CENTREPLOT NO C-22 G BLOCKBANDRA KURLA COMPLEX BANDRA EMUMBAIMa400051IN |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
Intangible assets
- Brands and trade marks
- Trade marks
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 64.98 |
|
|
1 |
INR 90.95 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVD |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.