|
|
|
MIRA INFORM REPORT
|
Report No. : |
504287 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME AND COMPANY PRIVATE LIMITED (w.e.f. 18.08.2003) |
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|
|
|
Formerly Known
As : |
SUPREME AND COMPANY LIMITED (w.e.f. 13.02.2002) ASIAN AUTOTECH LIMITED (w.e.f. 02.07.1985) SAWALKA CHEMICALS LIMITED |
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|
|
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Registered
Office : |
33/1, Netaji Subhas Road, 3rd Floor, Room No. 339, Kolkata
– 700001, West Bengal |
|
Tel. No.: |
91-33-24745984/ 24745985 |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
26.04.1978 |
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|
|
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Com. Reg. No.: |
21-031466 |
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|
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Capital
Investment / Paid-up Capital : |
INR 196.066 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24116WB1978PTC031466 |
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|
|
|
IEC No.: [Import-Export Code 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.] |
AACCA7232K |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AACCA7232K1ZK |
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|
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Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Hardware Item for Transmission and Distribution of Power. (Registered Activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
450 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1978 having
good track. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but the documents related to the
financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has witnessed a
growth in its revenue and has achieved fair profit margin at 1.90%
(approximately). The company possesses sound financial risk profile marked by healthy
networth base along with fair debt level and favourable gap between trade
payables to its trade receivables. The company also derives strength from its established track record of
business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 20.04.2018
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 PARTED BY
|
Name : |
Mr. Ashish Dale |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-33-24745984 |
|
Date : |
19.04.2018 |
LOCATIONS
|
Registered Office : |
33/1, Netaji Subhas Road, 3rd Floor, Room No. 339, Kolkata
– 700001, West Bengal, India |
|
Tel. No.: |
91-33-24745984/ 24745985 |
|
Mobile No.: |
91-7533066925 [Mr. Harish Kumar Agarwal] |
|
Fax No.: |
91-33-24746537 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
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|
|
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Head Office : |
53, Justice Chandra Madhav Road, Kolkata-700020, West Bengal, India |
|
|
|
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Factory 1: |
P-200, Benaras Road, Howrah-711108, West Bengal, India |
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Tel. No.: |
91-33-26516701/ 05 |
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Fax No.: |
91-33-26516706 |
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E-Mail : |
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Factory 2 : |
South Chamrail, N.H. -6, Bombay Road, Howrah-711 114, West Bengal,
India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramesh Rani Agarwal |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
22/2A, Ray Street, Kolkata-700020, West Bengal, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
04.04.1932 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
20.03.2006 |
||||||||||||||||||||||||||||||||
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DIN No.: |
00598058 |
||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Omkar Agarwal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
22/2A, Ray Street, Kolkata-700020, West Bengal, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
12.03.1935 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.07.1988 |
||||||||||||||||||||||||||||||||
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PAN No.: |
AFXPA4885R |
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DIN No.: |
00598082 |
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Other Directorship :
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Harish Kumar Agarwal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
22/2A, Ray Street, Kolkata-700020, West Bengal, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
30.01.1959 |
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Qualification : |
Graduate |
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Date of Appointment : |
22.11.1999 |
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PAN No.: |
ADCPA9091N |
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DIN No.: |
00598118 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Tushar |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Ashish Dale |
|
Designation : |
Assistant Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Omkar Agarwal |
|
2274900 |
|
Rajesh Kumar Agarwal |
|
3094620 |
|
Ramesh Rani Agarwal |
|
430100 |
|
Harish Kumar Agarwal |
|
2675900 |
|
Rekha Agarwal |
|
100 |
|
B. Daulat Limited, India |
|
149170 |
|
Devanshi Consultants Private Limited, India |
|
6130000 |
|
Gandheswari Vanijya Private Limited, India |
|
798000 |
|
Gupta Holdings Private Limited, India |
|
33330 |
|
Jay Vijay Private Limited, India |
|
127365 |
|
Kavita Agarwal |
|
344000 |
|
K.V Traders Private Limited, India |
|
202401 |
|
Marble Impex Private Limited, India |
|
18195 |
|
Mangalam Supply Co. Private Limited, India |
|
678000 |
|
Raipur Resources Private Limited, India |
|
36390 |
|
Shagun Business Services Private Limited, India |
|
181950 |
|
Tarun Marchantiles Private Limited, India |
|
79203 |
|
Tirumala Barter Private Limited, India |
|
2002000 |
|
Wonderland Paper Suppliers Private Limited, India |
|
174305 |
|
Anurodh Infrastructures Limited, India |
|
53330 |
|
Goodfaith Infraventures Private Limited, India |
|
93330 |
|
Haricharan Projects Limited, India |
|
30000 |
|
Total |
|
19606589 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
44.98 |
|
Promoters (Body corporate) |
38.79 |
|
Public/Other than promoters (Others) |
16.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Hardware Item for Transmission and Distribution of Power. (Registered Activity and also Confirmed by management) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment, L/C and Cheque |
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Purchasing : |
Advance Payment, L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
450 (Approximately) |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
B. K. Sahoo and Company Chartered Accountants |
|
Address : |
16/2, K. M. Naskar Road, Kolkata – 700040, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AKRPS9342J |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Associate : (As on 31.03.2016) |
Techno Power Services Private Limited |
|
|
|
|
Subsidiary : (As on 31.03.2016) |
|
|
|
|
|
Enterprises where
KMP/relatives of KMP have significant influence or control Master Engineering
Concern : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 29.09.2017
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 |
|
|
|
|
|
|
19606589 |
Equity Shares |
INR 10/- each |
INR 196.066
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
196.066 |
196.066 |
192.732 |
|
(b) Reserves and Surplus |
550.590 |
479.401 |
400.744 |
|
(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) |
746.656 |
675.467 |
593.476 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
43.496 |
22.559 |
21.094 |
|
(b) Deferred tax liabilities (Net) |
(2.734) |
(1.032) |
1.000 |
|
(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) |
40.762 |
21.526 |
22.094 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1403.787 |
1195.098 |
1025.083 |
|
(b) Trade
payables |
929.355 |
999.330 |
637.358 |
|
(c) Other
current liabilities |
166.024 |
120.238 |
84.224 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
2499.166 |
2314.666 |
1746.665 |
|
|
|
|
|
|
TOTAL |
3286.584 |
3011.660 |
2362.235 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
208.001 |
228.156 |
222.409 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
10.061 |
1.616 |
10.147 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
27.209 |
27.217 |
27.215 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
107.791 |
95.697 |
83.387 |
|
(e) Other
Non-current assets |
13.716 |
18.967 |
17.966 |
|
Total Non-Current
Assets |
366.778 |
371.653 |
361.124 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1173.585 |
1365.901 |
788.186 |
|
(c) Trade
receivables |
1206.557 |
689.214 |
718.801 |
|
(d) Cash and
bank balances |
176.813 |
176.922 |
119.441 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
362.851 |
407.970 |
374.683 |
|
Total
Current Assets |
2919.806 |
2640.007 |
2001.111 |
|
|
|
|
|
|
TOTAL |
3286.584 |
3011.660 |
2362.235 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3817.125 |
3072.843 |
2432.587 |
|
|
Other Income |
23.550 |
19.952 |
33.437 |
|
|
TOTAL |
3840.675 |
3092.795 |
2466.024 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1114.181 |
1128.134 |
1278.384 |
|
|
Purchases of
Stock-in-Trade |
1354.456 |
1551.181 |
398.234 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
199.079 |
(544.612) |
(133.303) |
|
|
Employee benefit expense |
109.257 |
89.564 |
83.171 |
|
|
Other expenses |
722.885 |
552.246 |
545.337 |
|
|
TOTAL |
3499.858 |
2776.513 |
2171.823 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
340.817 |
316.282 |
294.201 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
199.209 |
174.316 |
171.348 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
141.608 |
141.966 |
122.853 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
30.803 |
32.928 |
28.631 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
110.805 |
109.038 |
94.222 |
|
|
|
|
|
|
|
Less |
TAX |
38.281 |
37.048 |
30.332 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
72.524 |
71.990 |
63.890 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
429.032 |
357.042 |
293.152 |
|
|
|
|
|
|
|
Less |
Other additions to reserves |
1.335 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
500.221 |
429.032 |
357.042 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1297.649 |
1099.847 |
0.000 |
|
|
TOTAL EARNINGS |
1297.649 |
1099.847 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.70 |
3.67 |
3.44 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
20.248 |
13.527 |
16.776 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
690.239 |
151.177 |
94.222 |
|
Net cash flow from operating activity |
650.256 |
112.097 |
94.222 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
115.37 |
81.87 |
107.85 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.16 |
4.46 |
3.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
137.41 |
136.14 |
138.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.29 |
0.23 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.56 |
1.38 |
1.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.78 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.97 |
1.82 |
1.79 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.35 |
3.43 |
2.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.29 |
0.34 |
0.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.71 |
1.81 |
1.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.90 |
2.34 |
2.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.21 |
2.39 |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.71 |
10.66 |
10.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.17 |
1.14 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.70 |
0.55 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.22 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.48 |
6.28 |
5.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.17 |
1.14 |
1.15 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
192.732 |
196.066 |
196.066 |
|
Reserves & Surplus |
400.744 |
479.401 |
550.590 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
593.476 |
675.467 |
746.656 |
|
|
|
|
|
|
Long-term borrowings |
21.094 |
22.557 |
43.496 |
|
Short term borrowings |
1025.083 |
1195.098 |
1403.787 |
|
Current maturities of
long-term debts |
16.776 |
13.527 |
20.248 |
|
Total
borrowings |
1062.953 |
1231.182 |
1467.531 |
|
Debt/Equity
ratio |
1.791 |
1.823 |
1.965 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2432.587 |
3072.843 |
3817.125 |
|
|
|
26.320 |
24.221 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2432.587 |
3072.843 |
3817.125 |
|
Profit/ (Loss) |
63.890 |
71.990 |
72.524 |
|
|
2.63% |
2.34% |
1.90% |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
196.066 |
196.066 |
|
(b) Reserves and Surplus |
|
625.675 |
558.518 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
821.741 |
754.584 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
67.618 |
73.227 |
|
(b) Deferred tax liabilities (Net) |
|
(2.733) |
(1.030) |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
64.885 |
72.197 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1438.328 |
1208.931 |
|
(b) Trade
payables |
|
942.130 |
1013.972 |
|
(c) Other
current liabilities |
|
160.070 |
110.875 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
2540.528 |
2333.778 |
|
|
|
|
|
|
TOTAL |
|
3427.154 |
3160.559 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
211.672 |
232.906 |
|
(ii)
Intangible Assets |
|
3.459 |
4.741 |
|
(iii) Tangible assets
capital work-in-progress |
|
13.070 |
4.626 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
65.387 |
65.394 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
81.615 |
69.318 |
|
(e) Other
Non-current assets |
|
13.716 |
18.980 |
|
Total Non-Current
Assets |
|
388.919 |
395.965 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1206.780 |
1398.160 |
|
(c) Trade
receivables |
|
1231.169 |
724.132 |
|
(d) Cash and
bank balances |
|
180.784 |
181.099 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
419.502 |
461.203 |
|
Total
Current Assets |
|
3038.235 |
2764.594 |
|
|
|
|
|
|
TOTAL |
|
3427.154 |
3160.559 |
PROFIT
& LOSS ACCOUNT - CONSOLIDATED
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3848.259 |
3094.341 |
|
|
Other Income |
|
22.972 |
21.596 |
|
|
TOTAL |
|
3871.231 |
3115.937 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1112.519 |
1127.635 |
|
|
Purchases of
Stock-in-Trade |
|
1373.217 |
1569.756 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
196.330 |
(546.659) |
|
|
Employee benefit expense |
|
111.414 |
90.736 |
|
|
Other expenses |
|
672.052 |
506.741 |
|
|
TOTAL |
|
3465.532 |
2748.209 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
405.699 |
367.728 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
264.294 |
227.038 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
141.405 |
140.690 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
32.041 |
34.554 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
109.364 |
106.136 |
|
|
|
|
|
|
|
Less |
TAX |
|
38.382 |
37.239 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) FOR
PERIOD BEFORE MINORITY INTEREST |
|
70.982 |
68.897 |
|
|
|
|
|
|
|
Less |
MINORITY INTEREST |
|
0.043 |
0.029 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) OF
MINORITY INTEREST |
|
71.025 |
68.926 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.62 |
3.52 |
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 |
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 |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE REVIEW AND
STATE OF AFFAIRS : (As on 31.03.2016)
The company achieved high performance
both in turnover and its profits under the guidance of the directors. The Net
revenues from operation touched INR 3817.100 Million which is 24.22% more than
last year and the Profit before interest, depreciation and taxes recorded at
INR 402.300 Million which is also up by 10.20% as compared to previous year.
The company had coupled with high level of modernization, concentrated efforts
of both Management and dedicated employees; the whole hearted support of Banks,
suppliers and customers attained these levels of performance.
They
continue our effort for better growth and high performance by introducing new
application and ideas.
They continued to do well
with manufacturing, supply and transmission & distribution work in the
priority sector like Power, Telecommunication, Railways and other turnkey based
project in both export and domestic market with complete customer’s
satisfaction.
The
Company has continued to revamp its internal process and has taken various
measures to reduce costs.
They have started a new
venture for Sales and Services Vehicles and got the dealership from Mahindra
and Mahindra which fuel our growth strategy in the current year as well as
coming year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans repayable on demand from banks |
34.123 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
0.000 |
5.595 |
|
Total |
34.123 |
5.595 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G48700926 |
100110625 |
CANARA BANK |
04/04/2017 |
- |
300000000.0 |
PRINCEP STREET BRANCH5, CHOWRINGHEE
APPROACH ROADKOLKATAWB700072IN |
|
2 |
C82577479 |
10628267 |
Vijaya Bank |
26/02/2016 |
- |
1000000.0 |
N.S. ROAD BRANCH, A-1 GILLANDER HOUSE8,
NETAJI SUBHAS ROADKOLKATAWB700001IN |
|
3 |
C57555724 |
10577109 |
Vijaya Bank |
29/05/2015 |
- |
2154000000.0 |
N.S. ROAD BRANCH,A- 1 "GILLANDER
HOUSE", 8, N. S. ROAD,KOLKATAWB700001IN |
|
4 |
G01945377 |
10570798 |
TAMILNAD MERCANTILE BANK LIMITED |
18/05/2015 |
29/03/2016 |
138000000.0 |
Kolkata Branch58D, N.S.
RoadKolkataWB700001IN |
|
5 |
C54705793 |
10571478 |
Vijaya Bank |
31/03/2015 |
- |
4558141.0 |
N.S. ROAD BRANCH, A-1 GILLANDER HOUSE8,
NETAJI SUBHAS ROADKOLKATAWB700001IN |
|
6 |
C25327883 |
10523588 |
ICICI BANK LIMITED |
17/09/2014 |
- |
100000000.0 |
LANDMARKRACE COURCE
CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
B76959485 |
10303946 |
AXIS BANK LIMITED |
08/07/2011 |
29/04/2013 |
60000000.0 |
CORPORATE BANKING BRANCH (CBB),1, SHAKESPEARE
SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
8 |
B07977192 |
10272479 |
Allahabad Bank |
28/02/2011 |
- |
200000000.0 |
International Branch119 Park
StreetKolkataWB700016IN |
|
9 |
G32720823 |
10166258 |
ANDHRA BANK |
01/07/2009 |
27/12/2016 |
260000000.0 |
Chowringhee Branch58, Chowringhee
RoadKolkataWB700071IN |
|
10 |
C11909603 |
10079571 |
AXIS BANK LIMITED |
23/11/2007 |
23/06/2014 |
445000000.0 |
CORPORATE BANKING BRANCH (CBB),1, SHAKESPEARE
SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
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 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 65.78 |
|
|
1 |
INR 93.41 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.