|
|
|
MIRA INFORM REPORT
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Report No. : |
503275 |
|
Report Date : |
11.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DURA-LINE INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BHARAT DURA-LINE PRIVATE LIMITED (w.e.f. 24.08.2001) BHARAT DURA-LINE LIMITED (w.e.f. 08.08.1997) BHARAT DURA-LINE PRIVATE LIMITED |
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Registered
Office : |
A-10, Sanskrit Bhawan, Aruna Asaf Qutab Institutional Area, Delhi - 110067 |
|
Tel. No.: |
91-11-43123400 |
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Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
19.08.1996 |
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Com. Reg. No.: |
55-081248 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 75.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U25209DL1996PTC081248 |
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|
|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
07940255259 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AABCD4024B |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
07AABCD4024B2ZD |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject engaged in HDPE ducts and pipe manufacturing and solutions used primarily in Telecom, Gas and infrastructure sectors. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 6600000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1996 and is a subsidiary of Dura-Line International Inc. USA It is engaged in HDPE ducts and pipe manufacturing and solutions used primarily in Telecom, Gas and infrastructure sectors. Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources. For the financial year ended 2016, the company has achieved 27% growth in its sales as compared to the previous year. It has reported profit margin of 5.87% The company has favourable Earnings Per Share (EPS) of INR 54.58 against its Face Value (FV) of INR 10. The company possesses healthy financial profile marked by adequate networth base, zero debt balance sheet profile and satisfactory liquidity position. Rating takes into consideration the strength that the company derives from its holding company and its experienced management team. Rating is constrained on account of absence of latest financial of the company. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
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 11.04.2018
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. Nirav Sharma |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-8805020808 |
|
Date : |
10.04.2018 |
(Given Tel No.: 91-11-41733606 – Incorrect number)
LOCATIONS
|
Registered Office : |
A-10, Sanskrit Bhawan, Aruna Asaf Qutab Institutional Area, Delhi – 110067, India |
|
Tel. No.: |
91-11-43123400 |
|
Mobile No.: |
91-9868788906 (Mr. Dinesh) 91-8805020808 (Mr. Nirav Sharma) |
|
Fax No.: |
91-11-41716816 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Abraham George |
|
Designation : |
Managing Director |
|
Address : |
Avabae, 14 Fernscity, Outer Ring Road, Marthahalli, Bangalore - 560037, Karnataka, India |
|
Date of Birth/Age : |
24.11.1959 |
|
Date of Appointment : |
15.01.2013 |
|
DIN No.: |
01644481 |
|
|
|
|
Name : |
Mr. Paresh Chari |
|
Designation : |
Director |
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Address : |
1012, Gettysvue, Drive, Knox Ville TN - 37922, United States of America |
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Date of Birth/Age : |
24.10.1950 |
|
Date of Appointment : |
09.11.2005 |
|
DIN No.: |
01383589 |
|
|
|
|
Name : |
Mr. Wesley Andrew Tomaszek |
|
Designation : |
Director |
|
Address : |
125 Pier View Street Unit 408, Daniel Island - 29492, United States of America |
|
Date of Birth/Age : |
14.10.1960 |
|
Date of Appointment : |
05.03.2014 |
|
DIN No.: |
06846884 |
|
|
|
|
Name : |
Aldous Kuriachan |
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Designation : |
Additional Director |
|
Address : |
B-32, Magnolia Tata Sherwood Apartment Masavanagar, Bangalore North Bangalore 560037, Karnataka, India |
|
Date of Appointment : |
23.11.2017 |
|
PAN No.: |
AWNPK2396Q |
|
DIN No.: |
08000008 |
KEY
EXECUTIVE
|
Name : |
Aldous Kuriachan |
|
Designation : |
Company Secretary |
|
Address : |
B-32, Magnolia Tata Sherwood Apartment Masavanagar, Bangalore North
Bangalore 560037, Karnataka, India |
|
Date of Appointment : |
20.11.2017 |
|
PAN No.: |
AWNPK2396Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Dura-Line International Inc., United States of America |
|
7499998 |
|
Mahendra Gambhir (As nominee shareholder of Dura-Line International
Inc. United States of America) |
|
1 |
|
Total |
|
7499999 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
0.00001333 |
|
Promoters (Body corporate) |
99.99998667 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in HDPE ducts and pipe manufacturing and solutions used primarily in Telecom, Gas and infrastructure sectors. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sons Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase - II, Gurugram – 122002, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFD2095B |
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|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Holding Company (As
on 31.03.2016): |
· Dura-Line International Inc., United States of America · Dura-Line Corporation |
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Subsidiary Company
(As on 31.03.2016): |
· Dura-Line Middle East LLC, Oman |
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|
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Fellow Subsidiaries
(As on 31.03.2016): |
· Nextube (Proprietory) Limited, South Africa · Dura-Line Mexico S.A de S.V., Mexico · Dura-Line CT S.R.O. |
CAPITAL STRUCTURE
As on 30.09.2016
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 |
|
|
|
|
|
|
7499999 |
Equity Shares |
INR 10/- each |
INR 75.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
75.000 |
75.000 |
75.000 |
|
(b) Reserves & Surplus |
2234.959 |
1825.628 |
1634.300 |
|
(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) |
2309.959 |
1900.628 |
1709.300 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
7.544 |
8.610 |
35.600 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
45.436 |
29.690 |
9.300 |
|
Total
Non-current Liabilities (3) |
52.980 |
38.300 |
44.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
623.231 |
777.167 |
703.100 |
|
(b) Trade payables |
603.517 |
601.596 |
271.000 |
|
(c) Other current liabilities |
173.820 |
99.372 |
233.300 |
|
(d) Short-term provisions |
30.609 |
8.085 |
20.500 |
|
Total
Current Liabilities (4) |
1431.177 |
1486.220 |
1227.900 |
|
|
|
|
|
|
TOTAL |
3794.116 |
3425.148 |
2982.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
566.214 |
430.380 |
517.200 |
|
(ii) Intangible Assets |
4.832 |
4.490 |
2.000 |
|
(iii) Capital work-in-progress |
47.938 |
34.074 |
6.300 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
142.320 |
113.590 |
113.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
79.766 |
94.890 |
32.900 |
|
(e) Other Non-current assets |
0.530 |
0.600 |
0.000 |
|
Total
Non-Current Assets |
841.600 |
678.024 |
672.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1016.682 |
878.972 |
762.200 |
|
(c) Trade receivables |
1527.124 |
1532.564 |
1201.400 |
|
(d) Cash and cash equivalents |
64.169 |
13.124 |
4.100 |
|
(e) Short-term loans and
advances |
277.816 |
219.818 |
299.500 |
|
(f) Other current assets |
66.725 |
102.646 |
42.900 |
|
Total
Current Assets |
2952.516 |
2747.124 |
2310.100 |
|
|
|
|
|
|
TOTAL |
3794.116 |
3425.148 |
2982.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
6969.129 |
5486.113 |
4874.400 |
|
|
Other Income |
97.805 |
203.226 |
54.800 |
|
|
TOTAL
|
7066.934 |
5689.339 |
4929.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
4853.967 |
4124.038 |
3611.000 |
|
|
Purchases of Stock-in-Trade |
141.046 |
205.282 |
92.900 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(42.062) |
(78.257) |
(57.400) |
|
|
Employees benefits expense |
401.811 |
273.145 |
188.400 |
|
|
CSR Expenditure |
4.351 |
2.742 |
0.000 |
|
|
Other expenses |
824.619 |
680.319 |
762.700 |
|
|
TOTAL
|
6183.732 |
5207.269 |
4597.600 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
883.202 |
482.070 |
331.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
156.367 |
84.467 |
30.300 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
726.835 |
397.603 |
301.300 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
90.614 |
96.286 |
60.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
636.221 |
301.317 |
240.600 |
|
|
|
|
|
|
|
Less |
TAX |
226.890 |
105.080 |
77.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
409.331 |
196.237 |
163.200 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
54.58 |
26.16 |
21.76 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
756.149 |
202.109 |
(71.459) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
79.98 |
101.96 |
89.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.56 |
3.58 |
4.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.10 |
50.72 |
26.71 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.87 |
0.55 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.43 |
1.03 |
0.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.38 |
0.43 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.27 |
0.41 |
0.41 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.62 |
0.78 |
0.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.27 |
0.25 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.65 |
5.71 |
10.94 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
5.87 |
3.58 |
3.35 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.79 |
5.73 |
5.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.72 |
10.32 |
9.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.06 |
1.85 |
1.88 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.35 |
1.26 |
1.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.61 |
0.55 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.31 |
10.36 |
9.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.06 |
1.85 |
1.88 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
75.000 |
75.000 |
75.000 |
|
Reserves & Surplus |
1634.300 |
1825.628 |
2234.959 |
|
Net
worth |
1709.300 |
1900.628 |
2309.959 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
703.100 |
777.167 |
623.231 |
|
Total
borrowings |
703.100 |
777.167 |
623.231 |
|
Debt/Equity
ratio |
0.411 |
0.409 |
0.270 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
4874.400 |
5486.113 |
6969.129 |
|
|
|
12.550 |
27.032 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
4874.400 |
5486.113 |
6969.129 |
|
Profit |
163.200 |
196.237 |
409.331 |
|
|
3.35% |
3.58% |
5.87% |
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 |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
No |
|
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 |
GENERAL INFORMATION (As
on 31.03.2016)
The company is a wholly owned subsidiary of the Dura-Line International Inc. USA and was incorporated in 1996 and is engaged in HDPE ducts and pipe manufacturing and solutions used primarily in Telecom, Gas and infrastructure sectors.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
Borrowings |
|
|
|
Working capital loans from banks |
623.231 |
777.167 |
|
Total |
623.231 |
777.167 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G38916490 |
10508351 |
YES BANK LIMITED |
21/05/2014 |
29/09/2016 |
- |
790000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA DR. ANNIE BESANT ROAD, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
2 |
G37090248 |
90055359 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
02/07/2004 |
10/05/2010 |
01/03/2017 |
300000000.0 |
16/10,1ST,FLOOR MAIN ARYA
SAMAJ ROAD, KAROL BAGH, |
|
3 |
G35422450 |
80027421 |
CORPORATION BANK INDUSTRIAL FINANCE BRANCH |
10/08/2004 |
10/05/2010 |
20/01/2017 |
600000000.0 |
16/10,1ST,FLOOR MAIN ARYA
SAMAJ ROAD, KAROL BAGH, |
|
4 |
C16074387 |
10205645 |
Bank of India |
24/02/2010 |
30/01/2013 |
31/07/2014 |
860000000.0 |
NEW DELHI MID CORPORATE BRANCH37, SAHEED BHAGAT SINGH MARG, CONNAUGHT PLACE NEW DELHI 110001 INDIA |
|
5 |
A86447760 |
90053164 |
ORIENTAL BANK OF COMMERCE |
16/09/1997 |
18/08/1999 |
10/05/2010 |
45000000.0 |
IFB H-15 CANNAUGHT CIRCUSNEW DELHIDL110001IN |
|
6 |
A86446887 |
90053679 |
ORIENTAL BANK OF COMMERCE |
18/08/1999 |
- |
10/05/2010 |
10000000.0 |
IFB H-15 CANNAUGHT CIRCUS NEW DELHI 110001 INDIA |
|
7 |
A86450889 |
90053485 |
OBC I.F.B. |
30/12/1998 |
11/01/2000 |
10/05/2010 |
43000000.0 |
NEW DELHI 110001 INDIA |
|
8 |
A86448677 |
90056645 |
ORIENTAL BANK OF COMMERCE |
30/12/1996 |
18/08/1999 |
10/05/2010 |
10000000.0 |
IFB H-15 CANNAUGHT CIRCUS NEW DELHI 110001 INDIA |
|
9 |
A86489622 |
90053800 |
O.B.C. |
11/01/2000 |
- |
10/05/2010 |
32000000.0 |
I.F.B.; NEW DELHI 110001 INDIA |
|
10 |
A86450202 |
90053771 |
O.B.C. |
10/12/1999 |
- |
10/05/2010 |
18000000.0 |
I.F.B.; NEW DELHI 110001 INDIA |
FIXED ASSETS
- Buildings
- Plant and equipment
- Vehicles
- Furniture and fixtures
- Motor vehicles
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 64.94 |
|
UK Pound |
1 |
INR 91.75 |
|
Euro |
1 |
INR 79.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.