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|
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
504572 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KIRBY BUILDING SYSTEMS INDIA (UTTARANCHAL) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.2, Sector 11, Integrated Industrial Estates, Sidcul, Haridwar – 249403, Uttarakhand |
|
Tel. No.: |
91-1334-235317 / 235318 / 235319 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2016 |
|
|
|
|
Date of
Incorporation : |
02.02.2005 |
|
|
|
|
Com. Reg. No.: |
20-029472 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 187.299 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200UR2005PTC029472 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
05AACCK5926G1ZN |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK5926G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The
company is engaged in the business of manufacture and construction of
Pre-Engineered Buildings/ Steel Structurals. Also, the company provides designing,
drafting and engineering services for construction of Pre-Engineered
Buildings/ Steel Structurals. And Importer of Machinery, Raw Material and
Spare Parts. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
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 : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Alghanim Industries
(Mauritius) Limited, Mauritius”. The company was incorporated in the year 2005. The subject’s customer includes, Coca Cola, Tata Consulting, Toshiba
and Mahindra etc. It is a manufacturer and construction of pre-engineered buildings/ steel structurals. The company also provides designing, drafting and engineering services for construction of pre-engineered buildings/ steel structurals. And importer of machinery, raw material and spare parts. For the financial year 2016, the company has achieved 28.33% growth in
its revenue as compared to previous year revenue and has maintained decent
profitability margin of 7.14% during the year under review. The sound financial profile of the company marked by healthy networth
base along with strong debt coverage indicators due to debt free balance
sheet profile. The rating takes into consideration strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit Limits= A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
28.09.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limits= A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
25.08.2017 |
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
31-03-2016.
INFORMATION PARTED BY
|
Name : |
Mr. Satyanarayan Gupta |
|
Designation : |
Deputy Manager Credit |
|
Contact No.: |
91-8393883898 |
|
Date : |
19.04.2018 |
LOCATIONS
|
Registered Office /
Factory 1 : |
Plot No.2, Sector 11, Integrated Industrial Estates, Sidcul, Haridwar – 249403, Uttarakhand, India |
|
Tel. No.: |
91-1334-235317 / 235318 / 235319 |
|
Mobile No.: |
91-9760375980 (Mr. Faiyaz Qureshi) 91-8393883898 (Mr. Satyanarayan Gupta) 91-9878017176 (Mr. Vishal) |
|
Fax No.: |
91-1334-235314 / 235397 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
25 Acres |
|
Location : |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Factory 2: |
Plot No. 8 to 15, IDA, Phase III, District: Medak – 502307, Andhra Pradesh, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Swinder Pal Singh |
|
Designation : |
Director |
|
Address : |
Plot No. 2, Sector 11, Sidcul, Haridwar – 249403, Uttarakhand, India |
|
Date of Birth/Age : |
12.11.1968 |
|
Qualification : |
B.E. (Mechanical) |
|
Experiences : |
23 Years |
|
Date of Appointment : |
16.01.2011 |
|
PAN No.: |
AFQPS9597F |
|
DIN No.: |
03372287 |
|
|
|
|
Name : |
Mr. Venkata Mohan Pagadala |
|
Designation : |
Director |
|
Address : |
H. No. 8-3-224 / 9 / 7 / B, H. 46, Madhura Nagar Pratibha High School,
Hyderabad – 500038, Telangana, India |
|
Date of Birth/Age : |
27.05.1966 |
|
Qualification : |
B.E. (Production); MBA; PGDMM |
|
Experiences : |
26 Years |
|
Date of Appointment : |
12.07.2012 |
|
Pan No.: |
AFLPP1184Q |
|
DIN No.: |
05286767 |
|
|
|
|
Name : |
Mr. Kokku Swarnamegha Shyam |
|
Designation : |
Director |
|
Address : |
No. 102, Usha Kiran Apartments, 25, Haudin Road Ulsoor, Bangalore –
560042, Karnataka, India |
|
Date of Birth/Age : |
01.06.1961 |
|
Date of Appointment : |
12.07.2012 |
|
DIN No.: |
05309334 |
|
|
|
|
Name : |
Mr. Mohammad Fahhad Fajri Khalaf Alduwaihees |
|
Designation : |
Director |
|
Address : |
Building No. 17, Hamad Yusuf Bin Hussein Al-Romi Street,
Plot No. 5, Surra Kuwait 45405, Kuwait |
|
Date of Appointment : |
04.04.2017 |
|
DIN No.: |
07714689 |
KEY EXECUTIVES
|
Name : |
Mr. Naveen Bansal |
|
Designation : |
Company Secretary |
|
Address : |
T 43, 1st Floor, Shivalik Nagar, Haridwar – 249403, Uttarakhand,
India |
|
Date of Appointment : |
23.11.2017 |
|
PAN No.: |
AGMPB8350N |
|
|
|
|
Name : |
Mr. Faiyaz Qureshi |
|
Designation : |
Deputy General Manager in Finance/ Accounts |
|
|
|
|
Name : |
Mr. Satyanarayan Gupta |
|
Designation : |
Deputy Manager Credit |
MAJOR SHAREHOLDERS
AS ON 31.12.2016
|
Names of Shareholders |
No. of Shares |
|
Alghanim Industries (Mauritius) Limited, Mauritius |
18729780 |
|
Alamana
Industries Co. SAK (Holding shares as beneficial ownership of Alghanim
Industries (Mauritius) Limited, Kuwait |
100 |
|
|
|
|
Total |
18729880 |
Equity Share Break up (Percentage of Total Equity)
AS ON 17.06.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in the business of manufacture and construction of
Pre-Engineered Buildings/ Steel Structurals. Also, the company provides
designing, drafting and engineering services for construction of
Pre-Engineered Buildings/ Steel Structurals. And Importer of Machinery, Raw
Material and Spare Parts. [Registered activity and also confirmed by
management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
· Machinery · Spare Parts · Raw Material |
||||
|
Countries : |
· Korea · China · USA · Italy · Israel |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Advance Payment, Cheque and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C, Advance Payment, Cheque and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
Wholesaler, End Users
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
· The Hongkong and Shanghai Banking Corporation Limited, 6-3-1107 and 1108, Raj Bhavan Road, Somaji Guda, Hyderabad – 500082, Telangana, India · Axis Bank Limited, Corporate Banking Branch, No.6-3-879/BG. Pullareddy Building, Greenland, Begumpet, Hyderabad – 500016, Telangana, India · State Bank of India, Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad – 500095, Telangana, India · ICICI Bank Limited, Haridwar, Uttarakhand, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Oval Office 18, Ilabs Centre Hitech City, Madhapur, Hyderabad, Telangana, India |
|
PAN No.: |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
· Alghanim Industries, Mauritius |
|
|
|
|
Associates : |
· Kirby Building Systems-Kuwait S.A.K (Closed) · Yusuf A. Alganim and Sons W.L.L · Kirby South East Asia |
|
|
|
|
Fellow Subsidiary companies : |
· Kirby international company W.L.L · Rockwool India Private Limited ·
Kirby Building Systems India Private Limited |
CAPITAL STRUCTURE
AS ON 17.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18729880 |
Equity Shares |
INR 10/- each |
INR 187.299 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
187.299 |
187.299 |
187.299 |
|
(b) Reserves and Surplus |
2369.997 |
1992.690 |
1611.605 |
|
(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) |
2557.296 |
2179.989 |
1798.904 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
13.500 |
40.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
29.308 |
55.679 |
21.521 |
|
(d) long-term
provisions |
81.017 |
0.000 |
2.933 |
|
Total Non-current
Liabilities (3) |
110.325 |
69.179 |
64.954 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1837.911 |
1399.804 |
1547.730 |
|
(c) Other
current liabilities |
920.743 |
761.341 |
695.372 |
|
(d) Short-term
provisions |
139.805 |
100.418 |
67.230 |
|
Total Current
Liabilities (4) |
2898.459 |
2261.563 |
2310.332 |
|
|
|
|
|
|
TOTAL |
5566.080 |
4510.731 |
4174.190 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
365.329 |
604.222 |
672.017 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
1.258 |
13.422 |
13.289 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
145.451 |
73.118 |
60.970 |
|
(d)
Long-term
loans and advances |
14.755 |
13.915 |
83.532 |
|
(e) Other
Non-current assets |
2.897 |
13.209 |
13.854 |
|
Total Non-Current
Assets |
529.690 |
717.886 |
843.662 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
738.032 |
632.751 |
903.872 |
|
(c) Trade
receivables |
1168.106 |
421.677 |
569.567 |
|
(d) Cash and bank
balances |
2659.155 |
1990.664 |
873.020 |
|
(e)
Short-term loans and advances |
194.625 |
348.166 |
417.462 |
|
(f) Other
current assets |
276.472 |
399.587 |
566.607 |
|
Total
Current Assets |
5036.390 |
3792.845 |
3330.528 |
|
|
|
|
|
|
TOTAL |
5566.080 |
4510.731 |
4174.190 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7177.131 |
5592.671 |
5802.611 |
|
|
Other Income |
172.664 |
128.904 |
117.431 |
|
|
TOTAL |
7349.795 |
5721.575 |
5920.042 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5151.748 |
3706.594 |
4367.911 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(46.523) |
49.291 |
(37.198) |
|
|
Employee benefit expense |
434.304 |
395.416 |
355.107 |
|
|
CSR expenditure |
8.110 |
0.000 |
0.000 |
|
|
Other expenses |
980.772 |
928.307 |
762.384 |
|
|
TOTAL |
6528.411 |
5079.608 |
5448.204 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
821.384 |
641.967 |
471.838 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
60.428 |
46.917 |
43.142 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
760.956 |
595.050 |
428.696 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
49.426 |
73.705 |
50.927 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
711.530 |
521.345 |
377.769 |
|
|
|
|
|
|
|
Less |
TAX |
198.962 |
136.848 |
105.880 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
512.568 |
384.497 |
271.889 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
27.37 |
20.53 |
14.52 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Maturities of Long term debt |
0.000 |
27.000 |
27.000 |
|
Net cash flows from (used in) operations |
1049.929 |
1255.783 |
453.714 |
|
Net cash flows from (used in) operating activities |
714.307 |
1096.388 |
307.263 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
59.41 |
27.52 |
35.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.14 |
13.26 |
10.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
130.22 |
137.84 |
129.33 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.11 |
1.01 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.24 |
1.04 |
0.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.51 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.02 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.13 |
1.04 |
1.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.14 |
0.28 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.59 |
13.68 |
10.94 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
7.14 |
6.88 |
4.69 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.21 |
8.52 |
6.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.04 |
17.64 |
15.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.74 |
1.68 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.48 |
1.40 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.48 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.22 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.74 |
1.68 |
1.44 |
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 |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
187.299 |
187.299 |
187.299 |
|
Reserves & Surplus |
1611.605 |
1992.690 |
2369.997 |
|
Net
worth |
1798.904 |
2179.989 |
2557.296 |
|
|
|
|
|
|
Long-term borrowings |
40.500 |
13.500 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
27.000 |
27.000 |
0.000 |
|
Total
borrowings |
67.500 |
40.500 |
0.000 |
|
Debt/Equity
ratio |
0.038 |
0.019 |
0.000 |
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image010.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
5802.611 |
5592.671 |
7177.131 |
|
|
|
(3.618) |
28.331 |
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image012.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
5802.611 |
5592.671 |
7177.131 |
|
Profit/ (Loss) |
271.889 |
384.497 |
512.568 |
|
|
4.69
% |
6.88
% |
7.14
% |
%20PRIVATE%20LIMITED%20-%20504572%2020-Apr-2018_files/image014.gif)
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 |
Yes |
|
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF OPERATIONS:
The company is engaged in the business of manufacture and construction of Pre-Engineered Buildings/ Steel Structurals. Also, the Company provides designing, drafting and engineering services for construction of Pre-Engineered Buildings/ Steel Structurals.
FINANCIAL
PERFORMANCE:
The Company has achieved a Total turnover of INR 7349.800 million during the year ending 31.12.2016 as against the Total turnover of INR 5721.600 million during the previous year ending 31.12.2015. As against the profit of INR 384.400 million during the previous year (YE 31.12.2015), the Company earned a profit of INR 512.500 million during the current year (YE 31.12.2016). Profitability for the year 2016 improved due to improved margins and cost optimization measures taken up.
CURRENT YEAR (YE 31.12.2017) OUTLOOK:
With greater stability in political spehere and with the likely rollout of GST Regime, it is expected to achieve higher volumes and better margins in the current year. No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year of the Company to which the financial statements relate and the date of this report.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G55464549 |
10311856 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
23/09/2011 |
23/09/2017 |
- |
500000000.0 |
6-3-1107 & 1108, RAJ BHAVAN ROAD SOMAJIGUDA HYDERABADUR249403IN |
|
2 |
G59803874 |
10128884 |
UNIVERSAL TRUSTEESHIP SERVICES LIMITED |
05/11/2008 |
23/09/2017 |
- |
970000000.0 |
D-214, KANAKIA ZILLION, L.B.S MARG KURLA BEST BUS DEPOT, BKC ANNEXE, KURLA (WEST) MUMBAI UR249403IN |
|
3 |
G74587130 |
80011056 |
AXIS BANK LIMITED |
07/02/2006 |
09/01/2018 |
- |
1200000000.0 |
CORPORATE BANKING BRANCHNO.6-3-879/B, GREENLAND BEGUMPETHHYDERABADTG500016IN |
|
4 |
G01650464 |
10354307 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
07/05/2012 |
20/07/2015 |
20/04/2016 |
90000000.0 |
6-3-1107 & 1108, RAJ BHAVAN ROAD SOMAJI GUDA HYDERABADTG500082IN |
|
5 |
C80731805 |
80008758 |
STATE BANK OF INDIA |
16/02/2006 |
22/04/2015 |
22/02/2016 |
190000000.0 |
COMMERCIAL BRANCH, MID CORPORATE GROUPBANK STREET, KOTI HYDERABADTG500095IN |
|
6 |
C60300928 |
10052386 |
ICICI BANK LIMITED |
04/05/2007 |
11/03/2010 |
10/07/2015 |
1090000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
7 |
B78142932 |
90273043 |
STANDARD CHARTERED BANK |
01/11/2005 |
13/03/2013 |
24/06/2013 |
200000000.0 |
6-3-1090, TSR TOWERSRAJ BHAVAN ROAD, SOMAJI GUDA HYDERABAD AP500082IN |
|
8 |
B42439018 |
10166961 |
STATE BANK OF INDIA |
03/06/2009 |
04/06/2009 |
02/07/2012 |
117500000.0 |
COMMERCIAL BRANCH BANK STREET, KOTI HYDERABADAP500095IN |
|
9 |
B18426288 |
10057720 |
PUNJAB NATIONAL BANK |
01/06/2007 |
09/11/2007 |
25/07/2011 |
100000000.0 |
BHEL HARIDWAR UR249403IN |
|
10 |
A87881447 |
80055093 |
STANDARD CHARTERED BANK |
01/11/2005 |
04/06/2009 |
01/06/2010 |
451480000.0 |
5TH FLOOR, 19RAJAJI SALAI CHENNAI TN600001IN |
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 65.68 |
|
|
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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.