|
|
|
MIRA INFORM REPORT
|
Report No. : |
503957 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CALDERYS INDIA REFRACTORIES LIMITED (w.e.f. 02.04.2012) |
|
|
|
|
Formerly Known
As : |
ACE CALDERYS LIMITED (w.e.f. 30.04.2008) ACE REFRACTORIES LIMITED |
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|
|
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Registered
Office : |
Katni Refractories Works, PO Katni, Katni – 483504, Madhya Pradesh |
|
Tel. No.: |
91-712-2528506 / 2530885 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.08.2005 |
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|
|
|
Com. Reg. No.: |
10-017865 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 349.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02692MP2005PLC017865 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1105003949 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAFCA3610G |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and trader of ceramic refractory
products. [Registered
Activity] |
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|
|
|
No. of Employees
: |
Information denied 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 |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject
is a subsidiary of “Imerus Asia Pacific Pte Limited” based in Singapore and
it was incorporated in the year 2005. It is a manufacturer
and trader of ceramic refractory products. As per
the financials of March 2017, the company has registered a marginal growth in
its revenue and has reported good profit margin. Rating
takes into consideration the company’s established track record of business
operations marked by healthy financial risk profile along with debt free
balance sheet and good liquidity position. Rating
also takes into account the strong financial and managerial support received
from its holding company and well experienced management team. Further,
the company has reported a good earnings per share of INR 16.24 against its
face value of INR 10. Payments
terms seems to be regular. In view of aforesaid, the subject can be considered good 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 Rating= AA |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
18.12.2017 |
|
Rating Agency Name |
India Rating |
|
Rating |
Short Term Rating= A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
18.12.2017 |
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 17.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-712-2528506)
91-712-2530885 / 2536228 – Continuously Ringing.
LOCATIONS
|
Registered Office/ Katni
Plant : |
Katni Refractories Works, PO Katni, Katni – 483504, Madhya Pradesh,
India |
|
Tel. No.: |
91-712-2528506 / 2530885/ 2536228 |
|
Fax No.: |
91-712-2530885 |
|
E-Mail : |
|
|
Website : |
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|
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|
|
Corporate Office : |
6th Floor, Fidvi Tower, Mount Road, Opposite Saraf Chamber
Sadar, Nagpur – 440001, Maharashtra, India |
|
Tel. No.: |
91-712-2536228 |
|
Fax No.: |
91-712-2530885 |
|
|
|
|
Wankaner Plant : |
Wankaner Refractory Works, Survey No-156, NH-8A, Village Bhayati Jambudiya, Wankaner, District Morbi – 363621, Gujarat, India |
|
E-Mail : |
|
|
|
|
|
Butibori Plant : |
Plot No. (A-1/1&A-1/P)/2, Butibori Ind. Area, Village: Ruikhairi, MIDC, District – Nagpur – 441122, Maharashtra, India |
|
|
|
|
Regional Marketing Offices
: |
Located at: · Ahmedabad · Mumbai · New Delhi · Nagpur · Chennai · Kolkata |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Hakimuddin Ali |
||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||
|
Address : |
107, Hakimi Villa, Fakhri Hills, Lulla Nagar, Kondhwa, Pune – 411048,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
18.05.1969 |
||||||||||||||||||||
|
Qualification: |
B.E. (Mechanical), MBA |
||||||||||||||||||||
|
Date of Appointment : |
01.11.2017 |
||||||||||||||||||||
|
DIN No.: |
03383031 |
||||||||||||||||||||
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PAN No.: |
ACPPA7245N |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Ms. Jyoti Ishwar Chandra Narang |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
301, President House, Colaba, Mumbai – 400005, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.02.1958 |
||||||||||||||||||||
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Qualification: |
B.A. (Eco), MBA |
||||||||||||||||||||
|
Date of Appointment : |
31.03.2015 |
||||||||||||||||||||
|
DIN No.: |
00351187 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Potluri Venkateswara Rao |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
179 Ushodaya Enclave, Hig, Phase-II, Road No.1, Kanaka Miyapur,
Hyderabad – 500049, Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1959 |
||||||||||||||||||||
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Qualification: |
B.E. (Civil) |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||
|
DIN No.: |
03157581 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Ish Mohan Garg |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
C/O, Flat No 6 I, Tower 2 , City High Apartment 85, Prince Anwar Shah
Road, Near Navina Cienema, Kolkata – 700033, West Bengal, India |
||||||||||||||||||||
|
Date of Appointment : |
01.11.2017 |
||||||||||||||||||||
|
DIN No.: |
07757149 |
||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Dauve Christian Andre |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
52, Blandford Drive Singapore 559845, Singapore |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2017 |
||||||||||||||||||||
|
DIN No.: |
07895655 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Manoj Kakani |
|
Designation : |
Company Secretary |
|
Address : |
D5, Sanchayani Building, Swalambi Nagar, Nagpur – 440022, Maharashtra, India |
|
Date of Birth/Age : |
18.04.1976 |
|
Date of Appointment : |
29.01.2009 |
|
PAN No.: |
AFXPK1128F |
|
|
|
|
Name : |
Mr. Pushpendra Nath Bagchi |
|
Designation : |
Chief Financial Officer |
|
Address : |
Plot No. 4, Flat No. 401, Matrukrupa Apartment, Process Surveyor Society, Swalambi Nagar, Ranaprata, Nagpur – 440022, Maharashtra, India |
|
Date of Appointment : |
01.06.2017 |
|
PAN No.: |
AFCPB3816N |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Imerys Asia Pacific Pte. Limited, Singapore |
34952308 |
|
Tapan Kumar Biswas |
1 |
|
Ramkumar Dubey |
1 |
|
A K Vishwakarma |
1 |
|
Shyamal Bhattacharjee |
1 |
|
N. P. Singh |
1 |
|
Ashish Kumar Sanyal |
1 |
|
Naveen S. |
162 |
|
|
|
|
Total |
34952476 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and trader of ceramic refractory
products. [Registered
Activity] |
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|
Products / Services
: |
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||||||
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|
||||||
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Brand Names : |
Not Available |
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|
||||||
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Agencies Held : |
Not Available |
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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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|
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Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
706, B Wing, 7th Floor, ICC Trade Tower, International Convention Centre, Senapati Bapat Road, Pune – 411016, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding Company : |
· Imerys Limited, France |
|
|
|
|
Holding Company : |
·
Imerys Asia Pacific Pte Limited, France |
|
|
|
|
Fellow Subsidiary
company : |
· Calderys Deutschland GmbH & Co. OHG, Germany · Calderys France SAS, France ·
Imerys SAS, France |
|
|
|
|
Others : |
· Calderys Italia S.r., Italy · Calderys Nordic AB, Sweden · Calderys South Africa (PTY) Limited, South Africa · Calderys The Netherlands BV, Oman · Calderys Jiansgsu Co. Limited, China · Calderys Taiwan Co. Limited, Taiwan, Province of China · Calderys UK Limited, United Kingdom · Calderys Korea, Korea, Republic of · Calderys Australia Pty Limited, Australia · Calderys Iberica Refractories, Spain · Imerys Performance and · Filtration Minerals Private Limited, India · Calderys Refrakter San.Ve Tie. A.S, Turkey · Calderys Magyarorszag K.F.T, Hungary · Pt. Bina Surindah Cemerlang, Indonesia · Calderys USA Inc, United States · Imerys AL Zayani Fused Minerals, Bahrain · Imerys Refractory Minerals Glomel, France · Imerys Refractory Minerals USA, United States · Pt. Indoporlen, Indonesia · Imerys Minerals (India) Private Limited, India · Calderys Australia Pty Limited, Australia · Imerys Ceramics (India) Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000000 |
Equity Shares |
INR 10/- each |
INR 510.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34952476 |
Equity Shares |
INR 10/- each |
INR 349.525 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
349.500 |
349.500 |
349.500 |
|
(b) Reserves & Surplus |
4215.500 |
3648.000 |
3135.500 |
|
(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) |
4565.000 |
3997.500 |
3485.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
23.200 |
17.100 |
0.200 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
91.000 |
85.600 |
104.300 |
|
Total Non-current
Liabilities (3) |
114.200 |
102.700 |
104.500 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1508.800 |
1184.000 |
1232.800 |
|
(c) Other
current liabilities |
84.200 |
92.300 |
84.700 |
|
(d) Short-term
provisions |
40.400 |
35.900 |
37.900 |
|
Total Current
Liabilities (4) |
1633.400 |
1312.200 |
1355.400 |
|
|
|
|
|
|
TOTAL |
6312.600 |
5412.400 |
4944.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1369.300 |
1285.000 |
1052.000 |
|
(ii)
Intangible Assets |
176.900 |
176.900 |
188.800 |
|
(iii)
Capital work-in-progress |
3.100 |
98.100 |
87.900 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
67.200 |
67.200 |
53.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
132.500 |
106.900 |
104.500 |
|
(e) Other
Non-current assets |
0.000 |
17.500 |
2.000 |
|
Total Non-Current
Assets |
1749.000 |
1751.600 |
1488.800 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2291.700 |
1116.400 |
815.900 |
|
(b)
Inventories |
750.700 |
634.400 |
650.200 |
|
(c) Trade
receivables |
1253.000 |
1175.700 |
1095.100 |
|
(d) Cash
and cash equivalents |
106.400 |
538.600 |
650.800 |
|
(e)
Short-term loans and advances |
158.300 |
174.900 |
218.100 |
|
(f) Other
current assets |
3.500 |
20.800 |
26.000 |
|
Total
Current Assets |
4563.600 |
3660.800 |
3456.100 |
|
|
|
|
|
|
TOTAL |
6312.600 |
5412.400 |
4944.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5631.100 |
5479.200 |
5831.100 |
|
|
Other Income |
164.000 |
109.100 |
112.800 |
|
|
TOTAL |
5795.100 |
5588.300 |
5943.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2779.100 |
2637.600 |
2803.900 |
|
|
Purchases of
Stock-in-Trade |
602.600 |
667.600 |
855.800 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.400 |
27.100 |
(41.600) |
|
|
Employee benefit expense |
447.800 |
404.100 |
378.600 |
|
|
CSR expenditure |
17.000 |
4.400 |
0.000 |
|
|
Other expenses |
995.000 |
952.700 |
923.200 |
|
|
TOTAL |
4844.900 |
4693.500 |
4919.900 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
950.200 |
894.800 |
1024.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.800 |
8.000 |
5.900 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
940.400 |
886.800 |
1018.100 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
94.100 |
101.900 |
111.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
846.300 |
784.900 |
906.700 |
|
|
|
|
|
|
|
Less |
TAX |
278.800 |
272.400 |
298.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
567.500 |
512.500 |
608.700 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
298.700 |
320.800 |
375.200 |
|
|
TOTAL EARNINGS |
298.700 |
320.800 |
375.200 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
686.800 |
748.500 |
497.800 |
|
|
Components and spare
parts |
1.600 |
0.000 |
1.900 |
|
|
Capital Goods |
25.200 |
37.000 |
1.600 |
|
|
TOTAL IMPORTS |
713.600 |
785.500 |
501.300 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.24 |
14.66 |
17.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1082.900 |
663.900 |
934.100 |
|
Net cash flows from (used in) operating activities |
817.300 |
393.800 |
620.300 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
81.22 |
78.32 |
68.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.49 |
4.66 |
5.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
162.85 |
130.75 |
122.95 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.27 |
1.41 |
1.57 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.61 |
0.57 |
0.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.26 |
0.24 |
0.27 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.36 |
0.33 |
0.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.34 |
0.39 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
96.96 |
111.85 |
173.56 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
10.08 |
9.35 |
10.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.99 |
9.47 |
12.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.43 |
12.82 |
17.47 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.79 |
2.79 |
2.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.33 |
2.31 |
2.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.72 |
0.74 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.79 |
2.79 |
2.55 |
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 |
349.500 |
349.500 |
349.500 |
|
Reserves & Surplus |
3135.500 |
3648.000 |
4215.500 |
|
Net
worth |
3485.000 |
3997.500 |
4565.000 |
|
|
|
|
|
|
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 |
5831.100 |
5479.200 |
5631.100 |
|
|
|
(6.035) |
2.772 |
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 |
5831.100 |
5479.200 |
5631.100 |
|
Profit/ (Loss) |
608.700 |
512.500 |
567.500 |
|
|
10.44
% |
9.35
% |
10.08
% |
LEGAL CASES
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 |
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 |
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 |
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 |
OPERATIONS:
During the financial year ended March 31, 2017, Calderys India delivered revenue of INR 5795.100 million which is increased by 3.71% as compared to its previous revenue. The earnings after tax for the year under review increased by 10.77%. The Company has performed better as compared to previous year.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Z00016510 |
80006007 |
UNION BANK OF INDIA |
31/03/2006 |
12/06/2006 |
- |
200000000.0 |
239, VIDHAN BHAVAN MARG NARIMAN POINT MUMBAI MH400021IN |
|
2 |
A16546764 |
80006254 |
ICICI BANK LIMITED |
31/03/2006 |
01/06/2007 |
- |
350000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
3 |
B62601372 |
80006006 |
STATE BANK OF INDIA |
27/09/2005 |
25/10/2012 |
- |
400000000.0 |
INDUSTRIAL FINANCE BRANCH 5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, NAGPUR MH440033IN |
|
4 |
A24928756 |
10026110 |
UNION BANK OF INDIA |
28/09/2006 |
01/06/2007 |
12/10/2007 |
200000000.0 |
239, VIDHAN BHAVAN MARG NARIMAN POINT MUMBAI MH400021IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.