|
|
|
MIRA INFORM REPORT
|
Report No. : |
504044 |
|
Report Date : |
16.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIKSIT ENGINEERING LIMITED |
|
|
|
|
Registered
Office : |
Room No- 1-2, Kapadia Chambers, 51 Bharuch Street, Masjid, Bunder (East) Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-22-66150223 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
13.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.02.1983 |
|
|
|
|
Com. Reg. No.: |
11-029321 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.490 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1983PLC029321 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACV1796P1ZL |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1796P |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Wholesale Trading of Hot Roll Plate, Hot Roll Steel Coils and Hot Roll Sheet. [Registered Activity] |
|
|
|
|
No. of Employees
: |
3 (Approximately) |
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1983 having satisfactory track
record. It is engaged as trader of HR coils, steel products. For the financial year 2017, the revenue of the company has been
sharply declined as compared to its previous year and has registered thin
profit margin during the year. The company possesses acceptable financial risk profile marked by
sufficient net worth base and comfortable debt protection metrics. Rating continue to derive strength from its long and established track
record of its business operation backed by its well-experienced management
team. However, these rating strength gets partially offset by vulnerability
of its operating margins to volatility in raw material prices and intense
competition from other organized players in the steel industry. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealing 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
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 16.04.2018
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. Deepesh Kumar Nagar |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-731-4048640 |
|
Date : |
13.04.2018 |
LOCATIONS
|
Registered Office : |
Room No- 1-2, Kapadia Chambers, 51 Bharuch Street, Masjid, Bunder (East) Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-66150223 |
|
Mobile No.: |
91-9826938855 (Mr. Anuj Nema) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Admin Office: |
20, Johari Palace, MG Road, Indore – 452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4017409 |
|
|
|
|
Branch Office: |
Specialized Corporate Branch, Upper Ground Floor, Caption, C S Naidu
Arcade, 10/2, Old Palasia, Indore – 452001, 452001, Madhya Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Raghunandan Khandelwal |
|
Designation : |
Managing Director |
|
Address : |
28 / 195, Mansa Devi Raja Mandi, Agra-282002, Uttar Pradesh, India |
|
Date of Appointment : |
12.02.2015 |
|
DIN No.: |
00401113 |
|
|
|
|
Name : |
Mr. Gyan Chand Sharma |
|
Designation : |
Director |
|
Address : |
85, Chankya Puri Sudama Nagar, Indore-452009, Madhya Pradesh, India |
|
Date of Appointment : |
30.03.2016 |
|
DIN No.: |
03554350 |
|
|
|
|
Name : |
Mrs. Deepika Babulal Soni |
|
Designation : |
Director |
|
Address : |
H/No. 1075, Scheme No. 71, Sector B Indore – 452001, Madhya Pradesh, India |
|
Date of Appointment : |
30.05.2015 |
|
DIN No.: |
07152467 |
|
|
|
|
Name : |
Mr. Shambhunath Prasad |
|
Designation : |
Director |
|
Address : |
289 B Silicon City Near, Emroled Hights Rau, Rangwasa, Indore -453331, Madhya Pradesh, India |
|
Date of Appointment : |
30.03.2016 |
|
DIN No.: |
07291881 |
KEY EXECUTIVES
|
Name : |
Mr. Deepesh Kumar Nagar |
|
Designation : |
Chief Finance Officer |
|
Address : |
23, Patel Nagar, Mohta Bagh, Aerodrome Road, Indore-452005, Madhya Pradesh, India |
|
Date of Appointment : |
30.05.2014 |
|
PAN: |
AGFPN1779E |
|
|
|
|
Name : |
Sumit Shivhare |
|
Designation : |
Company Secretary |
|
Address : |
B -182, MIG Colony, Near CHL Hospital, Indore -452001,
Madhya Pradesh, India |
|
Date of Appointment : |
01.12.2016 |
|
PAN No.: |
CHCPS0482F |
SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category of Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
500 |
0.20 |
|
(B) Public |
248500 |
99.80 |
|
Grand Total |
249000 |
100.00 |
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
A1) Indian |
|
0.00 |
|
Individuals/Hindu
undivided Family |
500 |
0.20 |
|
DINESH KUMAR
GUPTA |
100 |
0.04 |
|
ARUN TATIA |
100 |
0.04 |
|
DEVENDRA
KHANDELWAL |
100 |
0.04 |
|
ASHA KHANDELWAL |
100 |
0.04 |
|
RAGHUNANDAN
KHANDELWAL |
100 |
0.04 |
|
Sub Total A1 |
500 |
0.20 |
|
A2) Foreign |
|
0.00 |
|
A=A1+A2 |
500 |
0.20 |
Statement showing shareholding pattern of the Public
shareholder
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
B1) Institutions |
|
0.00 |
|
B2) Central Government/ State
Government(s)/ President of India |
|
0.00 |
|
B3) Non-Institutions |
|
0.00 |
|
Individual share capital upto INR 0.200
Million |
10300 |
4.14 |
|
Any Other (specify) |
238200 |
95.66 |
|
Maan Cement Private Limited |
12400 |
4.98 |
|
Shramik Multritrade Private Limited |
12300 |
4.94 |
|
Keynote Industries Private Limited |
12000 |
4.82 |
|
Sarthi Trading Private Limited |
12000 |
4.82 |
|
Amrapali Trading Private Limited |
12000 |
4.82 |
|
Avirat Urja Private Limited |
12000 |
4.82 |
|
Urvashi Worldwide Private Limited |
11900 |
4.78 |
|
Parametric Trading Private Limited |
11800 |
4.74 |
|
Glorishine Impex Private Limited |
11500 |
4.62 |
|
Marshal Multitrade Private Limited |
11500 |
4.62 |
|
Divine Infracreation & Trading Private
Limited |
11000 |
4.42 |
|
Rohini Forex Private Limited |
11000 |
4.42 |
|
Toptrade Mercantiles Private Limited |
11000 |
4.42 |
|
Bhagyashree Infrastructure Private Limited |
11000 |
4.42 |
|
Shubhamangal Traders Private Limited |
10000 |
4.02 |
|
Samidha Foods Private Limited |
10000 |
4.02 |
|
Ruchi Agro Tech Private Limited |
10000 |
4.02 |
|
Maxworth Leafin & Investment Private
Limited |
10000 |
4.02 |
|
Yaksha Infrastructure Company Private
Limited |
10000 |
4.02 |
|
Itisha Developers Private Limited |
10000 |
4.02 |
|
Abhikaran Trading Private Limited |
4800 |
1.93 |
|
Bodies Corporate |
228200 |
91.65 |
|
Trusts |
10000 |
4.02 |
|
Adidev Foundation |
10000 |
4.02 |
|
Sub Total B3 |
248500 |
99.80 |
|
B=B1+B2+B3 |
248500 |
99.80 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale Trading of Hot Roll Plate, Hot Roll Steel Coils and Hot Roll Sheet. [Registered Activity] |
||||
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Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
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|
||||
|
Agencies Held : |
Not Divulged |
||||
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|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
3 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Statutory Auditors: |
|
|
Name : |
Gupta Saharia and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Secretarial
auditor: |
|
|
Name : |
Ms. Priya Gupta Company Secretary in Practice |
|
Address : |
Delhi, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249000 |
Equity Shares |
INR 10/- each |
INR 2.490 Million |
|
|
|
|
|
Reconciliation of the number of shares outstanding at the beginning and
the end of the reporting period:
|
|
31.03.2017 |
|
|
|
No. of Shares
held |
INR in Million |
|
Equity Shares of INR 10 At the beginning of the period |
249000 |
2.490 |
|
Issued during the period |
- |
- |
|
|
|
|
|
Outstanding at the end of the period |
249000 |
2.490 |
The details of shareholders holding more than 5% shares
There are no shareholders holding more than 5% shares in the company
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.490 |
2.490 |
2.490 |
|
(b) Reserves &
Surplus |
123.977 |
123.433 |
69.807 |
|
(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) |
126.467 |
125.923 |
72.297 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
130.482 |
71.796 |
175.771 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
130.482 |
71.796 |
175.771 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
3.047 |
44.723 |
0.127 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
3.047 |
44.723 |
0.127 |
|
|
|
|
|
|
TOTAL |
259.996 |
242.442 |
248.195 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.985 |
2.409 |
13.951 |
|
(ii) Intangible Assets |
0.003 |
0.003 |
0.003 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
27.878 |
17.848 |
36.890 |
|
(c) Deferred tax assets
(net) |
0.010 |
0.026 |
0.050 |
|
(d) Long-term Loan and Advances |
147.396 |
107.582 |
172.368 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
178.272 |
127.868 |
223.262 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.990 |
|
(c) Trade receivables |
53.141 |
100.173 |
14.443 |
|
(d) Cash and cash
equivalents |
25.905 |
11.723 |
6.822 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
2.678 |
2.678 |
2.678 |
|
Total Current Assets |
81.724 |
114.574 |
24.933 |
|
|
|
|
|
|
TOTAL |
259.996 |
242.442 |
248.195 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
932.001 |
2357.365 |
55.134 |
|
|
Other Income |
0.604 |
69.992 |
2.428 |
|
|
TOTAL |
932.605 |
2427.357 |
57.562 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
928.612 |
2353.540 |
48.232 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.990 |
8.786 |
|
|
Employees benefits
expense |
1.118 |
1.007 |
0.727 |
|
|
Other expenses |
0.692 |
1.103 |
1.324 |
|
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
930.422 |
2356.640 |
59.069 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2.183 |
70.717 |
(1.507) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.009 |
0.005 |
0.004 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.174 |
70.712 |
(1.511) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.456 |
0.252 |
0.190 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.718 |
70.460 |
(1.701) |
|
|
|
|
|
|
|
Less |
TAX |
1.174 |
16.835 |
0.064 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.544 |
53.625 |
(1.765) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.19 |
215.36 |
(7.09) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
7.525 |
(8.811) |
4.512 |
|
|
|
|
|
|
Net Cash flows from operating activities |
3.510 |
(25.621) |
4.512 |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
|
|
|
|
|
Net sales |
806.700 |
1514.790 |
1731.430 |
|
Total Expenditure |
803.980 |
1513.470 |
1729.720 |
|
PBIDT (Excluding Other Income) |
2.720 |
1.320 |
1.710 |
|
Other income |
(2.470) |
4.520 |
7.360 |
|
Operating Profit |
0.250 |
5.840 |
9.070 |
|
Interest |
NA |
NA |
NA |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
0.250 |
5.840 |
9.070 |
|
Depreciation |
0.110 |
0.110 |
0.110 |
|
Profit Before Tax |
0.140 |
5.730 |
8.960 |
|
Tax |
(0.820) |
1.790 |
3.550 |
|
Provisions and
contingencies |
NA |
NA |
NA |
|
Profit after tax |
0.960 |
3.950 |
5.410 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
0.960 |
3.950 |
5.410 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
20.81 |
15.51 |
95.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
17.54 |
23.53 |
3.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
(1.52) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.73 |
29.32 |
(0.11) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.01 |
0.18 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.02 |
0.36 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.02 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
242.56 |
14143.40 |
(376.75) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.06 |
2.27 |
(3.20) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.21 |
22.12 |
(0.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.43 |
42.59 |
(2.44) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
26.82 |
2.56 |
196.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
26.82 |
2.56 |
188.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.49 |
0.52 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
26.82 |
2.56 |
196.32 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
Market Value |
-- |
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 |
2.490 |
2.490 |
2.490 |
|
Reserves & Surplus |
69.807 |
123.433 |
123.977 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
72.297 |
125.923 |
126.467 |
|
|
|
|
|
|
Long-Term Borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term Borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
55.134 |
2357.365 |
932.001 |
|
|
|
4,175.701 |
(60.464) |
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
|
55.134 |
2357.365 |
932.001 |
|
Profit |
-1.765 |
53.625 |
0.544 |
|
|
-3.20% |
2.27% |
0.06% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE: CHARGES EXISTS FOR COMPANY
FINANCIAL PERFORMANCE
The Company’s turnover during the period was INR 932.001 Million as compared to INR 2357.365 Million for the previous financial year. The Profit before tax for the period was INR 1.718 Million as against profit of INR 70.460 Million for the previous financial year. The Profit after tax was INR 0.544 Million as against the profit of INR 53.625 Million for the previous financial year.
The Directors are confident to again improve the performance in the current financial year.
STATEMENT OF
UN-AUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2017
(INR in million)
|
Particulars |
Quarter
Ended |
Nine months ended |
|||||
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|||||
|
Unaudited |
Unaudited |
Unaudited |
|||||
|
|
Income from
Operations |
|
|
|
|||
|
|
Net Sales/Income from Operations (net of excise duty) |
1731.425 |
1514.794 |
4052.919 |
|||
|
|
Other Income |
7.361 |
4.521 |
9.415 |
|||
|
|
Total Income from
Operations (Net) |
1738.786 |
1519.315 |
4062.334 |
|||
|
|
Expenses |
|
|
|
|||
|
|
|
Cost of Materials consumed |
0.000 |
0.000 |
0.000 |
||
|
|
|
Purchase of stock in-trade |
1729.235 |
1513.163 |
4045.690 |
||
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
0.000 |
0.000 |
0.000 |
||
|
|
|
Employee benefit expenses |
0.346 |
0.256 |
0.858 |
||
|
|
|
Finance Costs |
0.000 |
0.000 |
0.000 |
||
|
|
|
Depreciation and amortization expense |
0.114 |
0.114 |
0.342 |
||
|
|
|
Other expenses |
0.137 |
0.048 |
0.613 |
||
|
|
Total Expenses |
1729.832 |
1513.581 |
4047.503 |
|||
|
|
|
Profit /(Loss)
before exceptional items and tax |
8.954 |
5.734 |
14.831 |
||
|
|
Exceptional items |
0.000 |
0.000 |
0.000 |
|||
|
|
|
Profit /(Loss)
before tax |
8.954 |
5.734 |
14.831 |
||
|
|
Tax Expense |
|
|
|
|||
|
|
Current tax (net of MAT Credit) |
1.320 |
0.390 |
1.710 |
|||
|
|
Deferred Tax |
2.226 |
1.397 |
2.804 |
|||
|
|
Total Tax Expense |
3.546 |
1.787 |
4.514 |
|||
|
|
|
Profit /(Loss) after tax |
5.408 |
3.947 |
10.317 |
||
|
|
Other Comprehensive
Income |
-- |
-- |
-- |
|||
|
|
Total Other Comprehensive Income for the year |
5.408 |
3.947 |
10.317 |
|||
|
|
Paid-up equity share capital (Face value INR 10/- per share) |
2.490 |
2.490 |
2.490 |
|||
|
|
Reserve excluding Revaluation Reserves as per balance sheet of
Previous accounting year |
-- |
-- |
-- |
|||
|
|
Earnings per share (EPS)
(INR)(before extraordinary items) |
|
|
|
|||
|
|
Basic |
21.72 |
15.85 |
41.43 |
|||
|
|
Diluted |
21.72 |
15.85 |
41.43 |
|||
NOTES:
1 The Company has adopted Indian Accounting Standard ("Ind AS") from 1st April, 2017 and accordingly these results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. Further results for all the periods presented have been prepared in accordance with the recognition and measurement.
2 Results for the quarter and nine months ended 31st December, 2017 are in
compliance with Indian Accounting Standards (Ind AS) notified by the Ministry
of Corporate Affairs. Consequently, results for the quarter and nine months
ended 31st December, 2016 have been restated to comply with Ind AS to make them
comparable.
3 As required by the Circular No. CIR/CFD/FAC/62/2016 dated 5th July, 2016
issued by the Securities and Exchange Board of India, the Financial results for
the quarter and nine months ended 31st December, 2016 under Ind AS have not
been subjected to Limited review by the Statutory Auditors of the Company.
However, the management has exercised necessary due diligence to ensure that
the financial result provide true and fair view of the company's affairs.
4 Statement of reconciliation of Net PAT under Ind AS and Net PAT reported
under previous Indian GAAP (IGAAP) for the quarter and nine months ended 31st
December, 2016:
(INR in
million)
|
Particulars |
Quarter
Ended |
Nine months ended |
|
|
31.12.2016 |
31.12.2016 |
||
|
Unaudited |
Unaudited |
||
|
|
|
|
|
|
|
Net Profit after Tax as per Previous IGAAP |
(0.273) |
0.712 |
|
|
Gain/(loss) on fair valuation of Investments |
(1.517) |
(2.726) |
|
|
Deferred Tax on above adjustments |
0.469 |
0.842 |
|
|
Net Profit before Other Comprehensive Income as per Ind AS |
(1.321) |
(1.172) |
|
|
Add: Other Comprehensive Income (After Tax) |
0.000 |
0.000 |
|
|
Total Comprehensive Income ( After Tax). |
(1.321) |
(1.172) |
5 The above results have been reviewed by the Audit Committee and approved by
the Board of Directors of the Company in their meeting held on 13th February,
2018. The Statutory Auditors have carried out a limited review of results for
the quarter and nine months ended 31st December, 2017
6 The figures have been regrouped and / or rearranged wherever considered
necessary.
FIXED ASSETS:
Intangible Assets
- Building
- Truck
- Vehicle Car
- Office Equipment
- Furniture and Fixtures
Intangible Assets
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.