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|
MIRA INFORM REPORT
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Report No. : |
502796 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
GOYAL ENERGY AND STEEL PRIVATE LIMITED |
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Registered
Office : |
Ring Road No. 2, Tatibandh, Raipur - 492001, Chhattisgarh |
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Tel. No.: |
91-771-4066640 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.12.2004 |
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Com. Reg. No.: |
33-017211 |
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Capital
Investment / Paid-up Capital : |
INR 249.661 Million |
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CIN No.: [Company Identification
No.] |
U04010CT2004PTC017211 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
22AACCG2758E1ZZ |
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TIN No.: |
22101506240 |
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PAN No.: [Permanent Account No.] |
AACCG2758E |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged in the business of Manufacturing activity of Iron and Steel. [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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004 and it is having good track. It is engaged in manufacturing of billets and structural steel products (i.e. angles, strips, channels) and trading of steel products For the financial year 2017, the company has increased in its revenue from operations as compared to previous year but maintained minimal profit margin of 0.31%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet. Further, rating also derives strength from its experienced of promoters, high capacity utilisation, strategic location of the plant and approved vendor for reputed clients. However, rating strengths are partially offset by low profitability margin due to intense competition, profitability susceptible to volatility in raw material prices, working capital nature of operation and cyclical nature of the industry. Trade relations are reported as fair. Business is active. Payments are 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
05.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 13.04.2018.
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 [Tel. No.: 91-771-4066640 / 4073000]
Tel. No.: 91-771-2573942 Not Working
91-9584963606 Not
Reachable
LOCATIONS
|
Registered Office/ Factory : |
Ring Road No. 2, Tatibandh, Raipur - 492001, Chhattisgarh, India |
|
Tel. No.: |
91-771-4066640/ 4091047/ 4073000 |
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Fax No.: |
91-771-4011101 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Deepak Kumar Agrawal |
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Designation : |
Director |
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Address : |
Ward Kramank 08, Goyal Enterprises Opp. Chandra Complex, Gudhiyari, Raipur-492001, Chhattisgarh, India |
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Date of Birth/Age : |
07.05.1972 |
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Qualification : |
Graduation |
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Date of Appointment : |
29.12.2004 |
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PAN No.: |
ACJPA4646F |
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DIN No.: |
00285673 |
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Name : |
Mr. Ritesh Agrawal |
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Designation : |
Director |
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Address : |
Goyal Enterprises, Opposite Chandra Complex, Gudhiyari,
Raipur-492001, Chhattisgarh, India |
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Date of Birth/Age : |
24.04.1975 |
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Qualification : |
Graduation |
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Date of Appointment : |
21.06.2007 |
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PAN No.: |
ACJPA4647E |
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DIN No.: |
01586450 |
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KEY EXECUTIVES
|
Name : |
Mrs. Swati Agrawal |
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Designation : |
Company Secretary |
|
Address : |
D/O Suresh Agrawal, Kailash Nagar Ward 11, Kumhari Durg-490042, Chhattisgarh, India |
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Date of Appointment : |
01.01.2017 |
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PAN No.: |
BMHPA0587N |
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|
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|
Name : |
Mr. Rao |
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Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
4.11 |
|
Promoter - Bodies
corporate |
46.33 |
|
Public - Bodies corporate |
49.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Manufacturing activity of Iron and Steel. [Registered Activity] |
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Products : |
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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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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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Agarwal Bilthare and Associates Chartered Accountants |
|
Address : |
E – 5, Sector 1, Devendra Nahar, Raipur – 492001, Chhattisgarh, India |
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PAN No.: |
AALFA5280B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Goyal Infraventures Private Limited U45200CT2010PTC021682 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24966050 |
Equity Shares |
INR 10/- each |
INR 249.661
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
249.660 |
221.379 |
151.595 |
|
(b) Reserves and Surplus |
646.155 |
572.018 |
338.948 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.900 |
|
Total
Shareholders’ Funds (1) + (2) |
895.815 |
793.397 |
491.443 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
288.792 |
430.579 |
55.096 |
|
(b) Deferred tax liabilities (Net) |
45.256 |
31.232 |
0.451 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
334.048 |
461.811 |
55.547 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
817.112 |
594.100 |
390.400 |
|
(b) Trade
payables |
488.114 |
569.830 |
433.477 |
|
(c) Other
current liabilities |
554.852 |
531.341 |
90.741 |
|
(d) Short-term
provisions |
7.555 |
25.164 |
7.063 |
|
Total Current
Liabilities (4) |
1867.633 |
1720.435 |
921.681 |
|
|
|
|
|
|
TOTAL |
3097.496 |
2975.643 |
1468.671 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
607.872 |
672.235 |
118.389 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
46.922 |
0.000 |
38.166 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.972 |
2.780 |
2.529 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
119.864 |
118.589 |
66.421 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
777.630 |
793.604 |
225.505 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1373.833 |
1104.631 |
868.586 |
|
(c) Trade
receivables |
499.450 |
555.842 |
256.064 |
|
(d) Cash and
bank balances |
25.985 |
7.670 |
17.282 |
|
(e)
Short-term loans and advances |
76.289 |
175.894 |
90.624 |
|
(f) Other
current assets |
344.309 |
338.002 |
10.610 |
|
Total
Current Assets |
2319.866 |
2182.039 |
1243.166 |
|
|
|
|
|
|
TOTAL |
3097.496 |
2975.643 |
1468.671 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3834.636 |
2770.066 |
2075.385 |
|
|
Other Income |
5.617 |
3.300 |
8.308 |
|
|
TOTAL |
3840.253 |
2773.366 |
2083.693 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2660.276 |
2042.995 |
1700.907 |
|
|
Purchases of
Stock-in-Trade |
12.090 |
39.748 |
116.882 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
90.910 |
193.125 |
(116.848) |
|
|
Employee benefit expense |
18.580 |
8.817 |
8.410 |
|
|
CSR expenditure |
0.700 |
0.000 |
0.000 |
|
|
Other expenses |
773.284 |
388.615 |
272.005 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.000 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
0.000 |
|
|
Extraordinary items before tax |
0.000 |
(101.200) |
0.000 |
|
|
TOTAL |
3555.840 |
2572.100 |
1981.356 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
284.413 |
201.266 |
102.337 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
151.396 |
61.943 |
62.254 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
133.017 |
139.323 |
40.083 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
107.075 |
28.999 |
21.506 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.942 |
110.324 |
18.577 |
|
|
|
|
|
|
|
Less |
TAX |
14.024 |
30.781 |
6.677 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
11.918 |
79.543 |
11.900 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.477 |
3.593 |
0.538 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
59.962 |
58.002 |
11.716 |
|
Net cash flows from (used in) operations |
84.941 |
(74.798) |
70.381 |
|
Net cash flows from (used in) operating activities |
84.941 |
(74.798) |
63.850 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
47.54 |
73.24 |
45.03 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
7.68 |
4.98 |
8.10 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
66.67 |
99.86 |
87.04 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.21 |
0.18 |
0.12 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.43 |
0.30 |
0.65 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.72 |
0.74 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.30 |
1.36 |
0.93 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
2.08 |
2.17 |
1.88 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.73 |
0.85 |
0.32 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.88 |
3.25 |
1.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.31 |
2.87 |
0.57 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.38 |
2.67 |
0.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
1.33 |
10.03 |
2.42 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.24 |
1.27 |
1.35 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.51 |
0.63 |
0.41 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.29 |
0.27 |
0.33 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
4.67 |
4.89 |
3.02 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.24 |
1.27 |
1.35 |
Total Liability = Short-term
Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
151.595 |
221.379 |
249.660 |
|
Reserves & Surplus |
338.948 |
572.018 |
646.155 |
|
Share Application money
pending allotment |
0.900 |
0.000 |
0.000 |
|
Net
worth |
491.443 |
793.397 |
895.815 |
|
|
|
|
|
|
Long-term borrowings |
55.096 |
430.579 |
288.792 |
|
Short term borrowings |
390.400 |
594.100 |
817.112 |
|
Current maturities of
long-term debts |
11.716 |
58.002 |
59.962 |
|
Total
borrowings |
457.212 |
1082.681 |
1165.866 |
|
Debt/Equity
ratio |
0.930 |
1.365 |
1.301 |
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 |
2075.385 |
2770.066 |
3834.636 |
|
|
0.000 |
33.472 |
38.431 |
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 |
2075.385 |
2770.066 |
3834.636 |
|
Profit/ (Loss) |
11.900 |
79.543 |
11.918 |
|
|
0.57
% |
2.87
% |
0.31
% |
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
25.741 |
16.219 |
|
Loans and advances from directors |
87.454 |
194.569 |
|
Term loans from banks |
2.096 |
3.276 |
|
|
115.291 |
214.064 |
|
Total |
115.291 |
214.064 |
GENERAL INFORMATION
Goyal Energy and Steel Private Limited is a private limited company incorporated under the Company Act , 1956 on 29-12-2004 having Factory office at Goyal Energy & Steel Private Limited, Tatibhand Raipur. Company is Presently engaged in the business of Manufacturing activity of Iron & Steel.
STATE OF COMPANY
AFFAIRS AND FUTURE OUTLOOK:
During the Year, the company has recorded a turnover of INR 3834.636 Million and Net Profit After Tax of INR 11.918 Million. The Board of Directors of your Company is optimistic about the future prospects of the Company. In view of Good market condition and sustain growth in production, The directors are positive about better financial performance and expecting higher turnover in the subsequent financial years. The financial result as reflected in the Statement of Profit & Loss of the Company is self-explanatory.
The Company has maintained it’s all round encouraging performance during the financial year. For the year under review, our Rolling Mill plant has worked satisfactorily; the production was streamlined and was around 71% of the installed capacity of the plant. Moreover, Furnace Plant production was around 83% of the installed capacity of the plant. We are able to establish the quality of our product in the market, which is a major achievement for our Company. The Company`s current installed capacity is 61000 MT (in Rolling mill Division) & 60000 MT (in Induction furnace Division) per annum. Although the Company has installed new plant in borjhara, Raipur of capacity of 60000 MT (in Rolling Mill Division) & 90000 MT (in Induction Furnace Division).
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G69266096 |
100138431 |
AXIS BANK LIMITED |
01/11/2017 |
- |
- |
16166250.0 |
2ND FLOOR, CHAWLA CHAMBERS,OPP. NEW BUS STAND, JEEVAN BIMA MARG, PANDRIRAIPURCT492004IN |
|
2 |
G07397755 |
100038161 |
HDFC BANK LIMITED |
24/06/2016 |
- |
- |
1830000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G01168277 |
100018384 |
HDFC BANK LIMITED |
04/04/2016 |
- |
- |
15000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C59387993 |
10581192 |
Axis Bank Limited |
24/06/2015 |
- |
- |
2664000.0 |
Axis Bank Limited, 2nd Floor, Chawla Chambers,Opp. New Bus Stand, Jeevan Bima Marg, PandriRaipurCT492001IN |
|
5 |
C50903830 |
10563474 |
PUNJAB NATIONAL BANK |
24/03/2015 |
- |
- |
745000000.0 |
STATION ROADRAIPURRAIPURCT492001IN |
|
6 |
C50904283 |
10563470 |
PUNJAB NATIONAL BANK |
24/03/2015 |
- |
- |
220000000.0 |
PUNJAB NATIONAL BANKSTATION ROADRAIPURCT492001IN |
|
7 |
A01318005 |
10004945 |
HDFC BANK LIMITED |
22/05/2006 |
- |
- |
670000.0 |
CHAWAL COMPLEX, NEAR VANIJYA BHAWAN,SAI NAGAR, DEVENDRA NAGAR ROADRAIPURCT492007IN |
|
8 |
G80367725 |
100154442 |
PUNJAB NATIONAL BANK |
07/12/2017 |
- |
05/03/2018 |
49000000.0 |
BO STATION ROADRAIPURCT492001IN |
|
9 |
G47205760 |
10494205 |
Axis Bank Limited |
13/02/2014 |
- |
21/06/2017 |
2080000.0 |
2ND FLOOR, CHAWLA CHAMBERSOPP. NEW BUS STAND, JEEVAN BIMA MARG, PANDRIRAIPURCT492001IN |
|
10 |
G08771453 |
10459155 |
Axis Bank Limited |
16/09/2013 |
- |
16/07/2016 |
5600000.0 |
2ND FLOOR, CHAWLA CHAMBERSOPP NEW BUS STAND, JEEVAN BEEMA MARG, PANDRIRAIPURCT492001IN |
|
11 |
G06239107 |
10453663 |
HDFC BANK LIMITED |
16/09/2013 |
- |
13/06/2016 |
5580000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
12 |
C54825021 |
10212420 |
PUNJAB NATIONAL BANK |
04/03/2010 |
14/07/2011 |
25/05/2015 |
40000000.0 |
STATION ROADRAIPURCT492001IN |
|
13 |
C54824065 |
10088181 |
PUNJAB NATIONAL BANK |
31/12/2007 |
14/07/2011 |
25/05/2015 |
20000000.0 |
STATION ROADRAIPURCT492001IN |
|
14 |
C54825955 |
10088183 |
PUNJAB NATIONAL BANK |
31/12/2007 |
14/12/2011 |
25/05/2015 |
415000000.0 |
STATION ROADRAIPURCT492001IN |
|
15 |
B04943684 |
10212330 |
Punjab National Bank |
04/03/2010 |
08/03/2010 |
10/01/2011 |
45000000.0 |
Station RoadRaipurCT492001IN |
|
16 |
A32735748 |
80040322 |
DENA BANK |
22/07/2005 |
- |
18/01/2008 |
9000000.0 |
GUDHIYARI BRANCHGUDHIYARIRAIPURCT492001IN |
|
17 |
A32735383 |
80029761 |
DENA BANK |
22/07/2005 |
29/03/2007 |
18/01/2008 |
18000000.0 |
GUDIYARI BRANCHGUDIYARIRAIPURCT492001IN |
FIXED ASSETS
- Land
- Office building
- Factory equipment
- Furniture and fixtures
- Motor vehicles
- Office equipment
- Computer equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.94 |
|
|
1 |
INR 91.75 |
|
Euro |
1 |
INR 79.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.