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|
MIRA INFORM REPORT
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Report No. : |
505419 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MANAKSIA COATED METALS AND INDUSTRIES LIMITED |
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|
Registered
Office : |
Bikaner Building, 8/1, Lal Bazar Street, 3rd Floor, Kolkata
– 700001, West Bengal |
|
Tel. No.: |
91-33-22310050/51/52 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
25.03.2010 |
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Com. Reg. No.: |
21-144409 |
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Capital Investment
/ Paid-up Capital : |
INR 65.534 Million |
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CIN No.: [Company Identification
No.] |
U27100WB2010PLC144409 |
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|
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|
IEC No.: [Import-Export Code No.] |
0213013258 |
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GSTN : [Goods & Service Tax
Registration No.] |
19AAGCM4604H1ZH |
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TIN No: |
19472111062 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAGCM4604H |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer, Exporter and Importer of
Roofing Sheets, Metal Coil, Roofing Accessories, Metal Roofing Sheets, Coated
Roofing Sheets, Tiled Sheets for Roofing. (Registered Activity and also Confirmed by
management) |
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|
|
|
No. of Employees
: |
400 (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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. The company is a
manufacturer, exporter and importer of roofing sheets, metal coil, roofing
accessories, metal roofing sheets, coated roofing sheets, etc. As per the quarterly results of December 2017, the company has
achieved sales turnover of INR 532.446 million along with average profit
margin. For the financial year ended 2017,
the company has earned a fair growth of 13.38% growth in its revenue
as compared to the previous year’s revenue and has reported a low net profit
margin of 0.40%. The company possesses sound financial position marked by healthy net
worth base along with strong debt coverage indicators due to low debt balance
sheet profile and moderate liquidity position. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Loans (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
05.12.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Loans (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
05.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 23.04.2018
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. Mahendra Bang |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9848529851 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered / Corporate Office : |
Bikaner Building, 8/1, Lal Bazar Street, 3rd Floor, Kolkata
– 700001, West Bengal, India |
|
Tel. No.: |
91-33-22310050 / 51 / 52 |
|
Mobile No.: |
91-9831259780 (Mr. Tapan Mandal) |
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Fax No.: |
91-33-22300336 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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Factory 1 : |
Survey No. 396, Village Chandrani, Taluka Anjar, Kutch – 370205, Gujarat, India |
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Factory 2 : |
Mandideep, Raisen, Madhya Pradesh, India |
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Factory 3 : |
Bollaram, Medak, Telengana, India |
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Factory 4 : |
Amingaon, Kamrup, Assam, India |
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Marketing Head
Office : |
Plot No. 15, Navodaya Colony, Road no. 14, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
Tel. No.: |
91-40-23547724/26/29/37 |
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Fax No.: |
91-40-23547723 |
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E-Mail : |
|
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Branch Offices
1: |
W-113, Flat No. S3 - S4, 2nd Floor, Great Kailash-II, New Delhi-110 048, India |
|
Tel. No.: |
91-11-41435078 / 6398 |
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Fax No.: |
91-11-41435079 |
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Branch Offices
2: |
38, 17th Cross, Maleshwaram, Bengaluru-560055, Karnataka, India |
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Tel. No.: |
91-80-23347443 / 23314445 |
|
Fax No.: |
91-80-23312458 |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Smita Khaitan |
|
Designation : |
Director |
|
Address : |
Flat - 5, UB, 31/41, Binova Bhave Road, Kolkata - 700038, West Bengal, India |
|
Date of Birth/Age : |
12.12.1949 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
17.11.2014 |
|
DIN No.: |
01116869 |
|
|
|
|
Name : |
Mr. Sunil Kumar Agrawal |
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Designation : |
Director |
|
Address : |
391, S N Roy Road, Kolkata - 700038, West Bengal, India |
|
Date of Birth/Age : |
11.12.1961 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
17.11.2014 |
|
PAN No.: |
ACMPA5148B |
|
DIN No.: |
00091784 |
|
|
|
|
Name : |
Mr. Ajay Kumar Chakraborty |
|
Designation : |
Director |
|
Address : |
W2A-101, Wellington Estate, DLF City Phase V, Gurgaon - 122009, Haryana, India |
|
Date of Birth/Age : |
07.04.1945 |
|
Date of Appointment : |
17.11.2014 |
|
DIN No.: |
00133604 |
|
|
|
|
Name : |
Mr. Kali Kumar Chaudhuri |
|
Designation : |
Director |
|
Address : |
40, Jubilee Park, 1st Floor, Flat- 1b, LP - 83/10, Kolkata - 700033, West Bengal, India |
|
Date of Birth/Age : |
18.09.1945 |
|
Date of Appointment : |
17.11.2014 |
|
DIN No.: |
00206157 |
|
|
|
|
Name : |
Mr. Sushil Kumar Agrawal |
|
Designation : |
Managing Director |
|
Address : |
391, S N Roy Road, Kolkata - 700038, West Bengal, India |
|
Date of Birth/Age : |
17.11.1960 |
|
Date of Appointment : |
23.11.2014 |
|
DIN No.: |
00091793 |
|
|
|
|
Name : |
Ms. Anirudha Agrawal |
|
Designation : |
Whole-Time Director |
|
Address : |
391, S N Roy Road Sahapur, PS-Behala, Kolkata -700038, West Bengal, India |
|
Date of Birth/Age : |
17.10.1989 |
|
Date of Appointment : |
17.11.2014 |
|
DIN No.: |
06537905 |
|
|
|
|
Name : |
Mr. Karan Agrawal |
|
Designation : |
Whole-Time Director |
|
Address : |
391, S N Roy Road, Post- Behala, Kolkata - 700038, West Bengal, India |
|
Date of Birth/Age : |
27.10.1986 |
|
Date of Appointment : |
17.11.2014 |
|
DIN No.: |
05348309 |
|
|
|
|
Name : |
Mr. Mahabir Prasad Agrawal |
|
Designation : |
Director |
|
Address : |
391, S N Roy Road, Post- Behala, Kolkata - 700038, West Bengal, India |
|
Date of Appointment : |
16.05.2016 |
|
DIN No.: |
00524341 |
KEY EXECUTIVES
|
Name : |
Mrs. Sailja Gupta |
|
Designation : |
Company Secretary |
|
Address : |
96B, Diamond Harbour Road, Kolkata-700023, West Bengal, India |
|
Date of Appointment : |
18.05.2017 |
|
PAN No.: |
BDSPG3262L |
|
|
|
|
Name : |
Bharat Begwani |
|
Designation : |
Chief Finance Officer |
|
Address : |
P-27/1, CIT Scheme Viim, Kolkata - 700054, West Bengal, India |
|
Date of Appointment : |
23.112014 |
|
PAN No.: |
ADRPB2150Q |
|
|
|
|
Name : |
Mr. Mahendra Bang |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on MARCH 2018
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares (calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter & Promoter Group |
42544440 |
64.92 |
|
|
(B) Public |
22989610 |
35.08 |
|
|
Grand Total |
65534050 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided Family |
42544440 |
64.92 |
|
|
SUSHIL KUMAR AGRAWAL |
13181230 |
20.11 |
|
|
SUNIL KUMAR AGRAWAL |
12379620 |
18.89 |
|
|
MAHABIR PRASAD AGRAWAL |
7024990 |
10.72 |
|
|
ANIRUDHA AGRAWAL |
4026170 |
6.14 |
|
|
KARAN AGRAWAL |
1797185 |
2.74 |
|
|
DEVANSH AGRAWAL |
750000 |
1.14 |
|
|
TUSHAR AGRAWAL |
722190 |
1.10 |
|
|
SHAILAJA AGRAWAL |
497810 |
0.76 |
|
|
MANJU AGRAWAL |
487125 |
0.74 |
|
|
KANTA DEVI AGRAWAL |
482060 |
0.74 |
|
|
MAHABIR PRASAD AGRAWAL (HUF) |
464060 |
0.71 |
|
|
SUNIL KUMAR AGRAWAL (HUF) |
393750 |
0.60 |
|
|
SUSHIL KUMAR AGRAWAL (HUF) |
338250 |
0.52 |
|
|
Sub Total A1 |
42544440 |
64.92 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
42544440 |
64.92 |
Statement showing shareholding pattern
of the Public shareholder
|
Category & Name of the Shareholders |
No. of fully paid up equity shares held |
Shareholding % calculated as per SCRR, 1957 As a
% of (A+B+C2) |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Financial Institutions/ Banks |
756 |
0.00 |
|
|
Sub Total B1 |
756 |
0.00 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0 |
0.00 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto
INR 0.200 million |
7481447 |
11.42 |
|
|
Individual share capital in
excess of INR 0.200 million |
375000 |
0.57 |
|
|
Any Other (specify) |
15132407 |
23.09 |
|
|
Trusts |
136 |
0.00 |
|
|
HUF |
469517 |
0.72 |
|
|
Bodies Corporate |
14333172 |
21.87 |
|
|
Clearing Members |
188720 |
0.29 |
|
|
Non-Resident Indian (NRI) |
140862 |
0.21 |
|
|
ACCOLADE TRADERS PRIVATE
LIMITED |
3264875 |
4.98 |
|
|
KALITARA GLASS MOULDING WORKS
PRIVATE LIMITED |
1913658 |
2.92 |
|
|
ATTRACTIVE VINIMAY PRIVATE
LIMITED |
1816250 |
2.77 |
|
|
PALASH MACHINERIES PRIVATE
LIMITED |
1514155 |
2.31 |
|
|
ARADHANA PROPERTIES PRIVATE
LIMITED |
1467000 |
2.24 |
|
|
GLOBE CAPITAL MARKET LIMITED |
1220320 |
1.86 |
|
|
B B CONSTRUCTIONS LIMITED |
1026250 |
1.57 |
|
|
Sub Total B3 |
22988854 |
35.08 |
|
|
B=B1+B2+B3 |
22989610 |
35.08 |
Details of disclosure
made by the Trading Members holding 1% or more of the Total No. of shares of
the company
|
Sl. No. |
Name of the Trading
Member |
Name of the
Beneficial Owner |
No. of shares held |
% of total no. of
shares |
Date of reporting by
the Trading Member |
|
1 |
Globe Capital Market Limited |
Globe Capital Market Limited |
1218659 |
1.86 |
19/04/2018 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer, Exporter and Importer of Roofing
Sheets, Metal Coil, Roofing Accessories, Metal Roofing Sheets, Coated Roofing
Sheets, Tiled Sheets for Roofing. (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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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit (30 Days) (RTGS/NEFT) |
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Purchasing : |
Advance Payment, Cheque and Credit (30 Days) (RTGS/NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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|
Auditors : |
|
|
Name : |
S. K. Agrawal and Company Chartered Accountants |
|
Address : |
Suite No.606-608, The Chambers, Opposite Gitanjali Stadium 1865, Rajdanga main Road, Kasba, Kolkata – 700107, West Bengal, India |
|
Tel. No.: |
91-33-40089902/ 9903/ 9904 |
|
Fax No.: |
91-33-40089905 |
|
Income-tax
PAN of auditor or auditor's firm : |
AATFS9977P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
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|
Subsidiary : |
Manaksia International FZE (w.e.f. 2nd
August, 2015) JPA Snacks Private Limited (w.e.f. 1st
Februcary 2017) |
|
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|
Companies where Control Exists : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
INR 1/- each |
INR 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65534050 |
Equity Shares |
INR 1/- each |
INR 65.534
Million |
|
|
|
|
|
A) Details of shareholders
holding more than 5% shares in the Company
|
Name of Shareholders |
As at 31.03.2017 |
|
|
No. of Shares |
% of Holdings |
|
|
Sushil Kumar Agrawal |
13053980 |
19.92 |
|
Sunil Kumar Agrawal |
12252370 |
18.70 |
|
Mahabir Prasad Kumar Agrawal |
7024990 |
10.72 |
|
Anirudha Kumar Agrawal |
4026170 |
6.14 |
B) Reconciliation
on of the shares outstanding is set out below:
|
Particulars |
No. of shares |
|
Equity Shares |
|
|
At the beginning of the period |
65534050 |
|
Outstanding at the end of the period |
65534050 |
C) Terms/rights
attached to each class of shares Equity Shares:
The Company has only one class of equity shares having a par value of INR 1/-. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation on of the Company, the holders
of equity shares will be entitled to receive any of the remaining assets of the
company, after distribution of all preferential amounts. The distribution will
be in proportion to the number of equity shares held by the shareholders
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
65.534 |
65.534 |
65.534 |
|
(b) Reserves & Surplus |
767.980 |
757.946 |
0.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
728.776 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
833.514 |
823.480 |
794.310 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
263.491 |
79.183 |
68.673 |
|
(b) Deferred tax liabilities (Net) |
122.044 |
111.369 |
137.377 |
|
(c) Other long term
liabilities |
222.408 |
116.434 |
120.040 |
|
(d) long-term
provisions |
5.022 |
4.234 |
4.001 |
|
Total Non-current
Liabilities (3) |
612.965 |
311.220 |
330.091 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
238.144 |
328.815 |
488.820 |
|
(b) Trade
payables |
453.574 |
435.415 |
387.472 |
|
(c) Other
current liabilities |
136.443 |
154.141 |
152.563 |
|
(d) Short-term
provisions |
17.243 |
25.429 |
12.208 |
|
Total Current
Liabilities (4) |
845.404 |
943.800 |
1041.063 |
|
|
|
|
|
|
TOTAL |
2291.883 |
2078.500 |
2165.464 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
956.647 |
726.693 |
808.075 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
350.093 |
452.125 |
333.697 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.374 |
0.875 |
0.006 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.758 |
5.265 |
5.297 |
|
(e) Other
Non-current assets |
0.091 |
0.091 |
0.091 |
|
Total Non-Current
Assets |
1312.963 |
1185.049 |
1147.166 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
295.088 |
202.681 |
456.235 |
|
(c) Trade
receivables |
433.576 |
440.772 |
238.736 |
|
(d) Cash
and cash equivalents |
5.862 |
11.975 |
29.110 |
|
(e)
Short-term loans and advances |
244.394 |
238.023 |
294.217 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
978.920 |
893.451 |
1018.298 |
|
|
|
|
|
|
TOTAL |
2291.883 |
2078.500 |
2165.464 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2539.767 |
2240.142 |
2152.466 |
|
|
Other Income |
26.001 |
43.358 |
25.401 |
|
|
TOTAL |
2565.768 |
2283.500 |
2177.867 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1986.267 |
1614.485 |
1670.248 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.826) |
108.446 |
(27.890) |
|
|
Employees benefits
expense |
93.803 |
66.699 |
70.377 |
|
|
Other expenses |
356.003 |
327.499 |
365.448 |
|
|
TOTAL |
2417.247 |
2117.129 |
2078.183 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
148.521 |
166.371 |
99.684 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
33.633 |
41.943 |
54.311 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
114.888 |
124.428 |
45.373 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
81.632 |
98.766 |
152.806 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
33.256 |
25.662 |
(107.433) |
|
|
|
|
|
|
|
Less |
TAX |
23.223 |
(3.508) |
(33.707) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.033 |
29.170 |
(73.726) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(34.733) |
(63.903) |
9.823 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(24.700) |
(34.733) |
(63.903) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
592.081 |
772.285 |
981.979 |
|
|
TOTAL EARNINGS |
592.081 |
772.285 |
981.979 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
405.286 |
163.353 |
64.868 |
|
|
Components and Stores
parts |
0.000 |
0.062 |
0.546 |
|
|
Capital Goods |
8.159 |
3.333 |
0.000 |
|
|
TOTAL IMPORTS |
413.445 |
166.748 |
65.414 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.15 |
0.45 |
(1.13) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
78.122 |
102.685 |
101.144 |
|
Cash generated from operations |
179.271 |
313.763 |
(0.385) |
|
Net cash flows from (used in) operating activity |
157.874 |
314.125 |
(7.273) |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st Quarter |
2nd
Quarter |
3RD
Quarter |
|
Net Sales |
618.770 |
593.630 |
532.450 |
|
Total Expenditure |
592.660 |
556.180 |
502.300 |
|
PBIDT (Excl OI) |
26.110 |
37.450 |
30.150 |
|
Other Income |
9.770 |
3.620 |
8.540 |
|
Operating Profit |
35.880 |
41.070 |
38.690 |
|
Interest |
10.960 |
16.200 |
17.160 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
24.920 |
24.870 |
21.530 |
|
Depreciation |
19.660 |
19.420 |
19.240 |
|
Profit Before Tax |
5.260 |
5.450 |
2.290 |
|
Tax |
2.840 |
2.710 |
1.680 |
|
Provisions and
contingencies |
NA |
NA |
NA |
|
Profit After Tax |
2.420 |
2.750 |
0.620 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
2.420 |
2.750 |
0.620 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
62.31 |
71.82 |
40.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.86 |
5.08 |
9.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
83.35 |
98.44 |
84.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.50 |
0.82 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.11 |
0.14 |
0.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.52 |
0.54 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.70 |
0.62 |
0.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.01 |
1.15 |
1.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.57 |
1.43 |
1.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.42 |
3.97 |
1.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.40 |
1.30 |
(3.43) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.44 |
1.40 |
(3.40) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.20 |
3.54 |
(9.28) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.16 |
0.95 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.81 |
0.73 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.40 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.85 |
7.79 |
10.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.16 |
0.95 |
0.98 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 1.00 |
|
Market Value |
INR 15.05 |
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 |
65.534 |
65.534 |
65.534 |
|
Reserves & Surplus |
0.000 |
757.946 |
767.980 |
|
Money received against share
warrants |
728.776 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
794.310 |
823.480 |
833.514 |
|
|
|
|
|
|
long-term borrowings |
68.673 |
79.183 |
263.491 |
|
Short term borrowings |
488.820 |
328.815 |
238.144 |
|
Current maturities of
long-term debts |
101.144 |
102.685 |
78.122 |
|
Total
borrowings |
658.637 |
510.683 |
579.757 |
|
Debt/Equity
ratio |
0.829 |
0.620 |
0.696 |
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 |
2152.466 |
2240.142 |
2539.767 |
|
|
|
4.073 |
13.375 |
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 |
2152.466 |
2240.142 |
2539.767 |
|
Profit (Loss) |
-73.726 |
29.170 |
10.033 |
|
|
-3.43% |
1.30% |
0.40% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
65.534 |
65.534 |
|
(b) Reserves & Surplus |
|
771.200 |
757.621 |
|
(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) |
|
836.734 |
823.155 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
263.491 |
79.183 |
|
(b) Deferred tax liabilities (Net) |
|
122.044 |
111.369 |
|
(c) Other long term
liabilities |
|
222.408 |
116.434 |
|
(d) long-term
provisions |
|
5.022 |
4.234 |
|
Total Non-current
Liabilities (3) |
|
612.965 |
311.220 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
238.144 |
328.815 |
|
(b) Trade
payables |
|
485.592 |
441.328 |
|
(c) Other current
liabilities |
|
145.396 |
159.688 |
|
(d) Short-term
provisions |
|
17.243 |
25.429 |
|
Total Current
Liabilities (4) |
|
886.375 |
955.260 |
|
|
|
|
|
|
TOTAL |
|
2336.074 |
2089.635 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1003.996 |
726.693 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
350.093 |
452.125 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.006 |
0.006 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
5.194 |
5.265 |
|
(e) Other
Non-current assets |
|
0.091 |
0.091 |
|
Total Non-Current
Assets |
|
1359.380 |
1184.180 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
295.207 |
202.681 |
|
(c) Trade
receivables |
|
411.997 |
445.620 |
|
(d) Cash
and cash equivalents |
|
21.002 |
18.449 |
|
(e)
Short-term loans and advances |
|
248.488 |
238.705 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
976.694 |
905.455 |
|
|
|
|
|
|
TOTAL |
|
2336.074 |
2089.635 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2681.707 |
2247.395 |
|
|
Other Income |
|
25.791 |
43.358 |
|
|
TOTAL |
|
2707.498 |
2290.753 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2122.342 |
1621.481 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(18.826) |
108.446 |
|
|
Employees benefits expense |
|
93.803 |
66.699 |
|
|
Other expenses |
|
358.167 |
328.115 |
|
|
TOTAL |
|
2555.486 |
2124.741 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
152.012 |
166.012 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
33.423 |
41.943 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
118.589 |
124.069 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
81.649 |
98.766 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
36.940 |
25.303 |
|
|
|
|
|
|
|
Less |
TAX |
|
23.223 |
(3.508) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
13.717 |
28.811 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
0.21 |
0.44 |
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) |
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 |
Yes |
|
26 |
Turnover of firm for last two/ 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 |
MANAGEMENT
DISCUSSIONS AND ANALYSIS
ECONOMIC OVERVIEW
Global economic activity is improving according to reports from World Economic Outlook Survey and the growth rate is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018.
Amongst developed economies, US demonstrated buoyancy after a weak first half of 2016 and the economy is projected to continue at a reasonable pace. Output remained below potential in a number of other advanced economies notably in the Eurozone. In the latter half of 2016, growth figures were somewhat stronger than previously forecast in economies such as United Kingdom / Spain /Germany on increased domestic demand than expected, after the Brexit vote.
The scenario for developing economies and emerging markets is not uniform. The activity was weaker than expected in some Latin American countries such as Argentina and Brazil as well in Turkey. Activity in Russia was slightly better and growth rate in China was stronger than expected due to anticipated policy stimulus in Infrastructure spending.
Indias growth forecast was somewhat trimmed down, primarily due to temporary setback in consumption due to cash shortages and payment disruptions associated with recent demonetization of high value currency notes.
However as per UN Survey report Indias economic growth next year is expected to be in the region of 7.7% - 8% fuelled by sound monetary policies and a boost from key domestic reforms. India is expected to keep its lead as the fastest growing major economy in world.
The governments thrust on Make in India campaign is helping India as a viable production hub for global manufacturing giants. Indias long-term growth potential continues to be robust with a focus on improving manufacturing and farm output, Infrastructure creation, increasing urbanization, expanding services sector and stronger regulatory framework for banking and financial services.
In so far as Steel Industry is concerned, a huge scope for growth is offered by Indias comparatively low per capita steel consumption and the expected rise in consumption with increased investments in Infrastructure / Construction / Automobile/Railways.
INDUSTRY STRUCTURE
AND DEVELOPMENTS
Metal Products:
Colour coated (Pre-painted) steel and aluminium sheets:
In India, colour coated sheets are mainly consumed in construction and infrastructure, Sandwich Panels for Cold Storage & similar applications and Appliance sector. Coatings of PU, polyesters, silicone polyester, acrylic, alkyds and vinyl paints are popular.
In recent years, colour coated coils have gained acceptance in the domestic market and consequently, their consumption has increased during the last several years.
In the construction sector, colour coated sheets have made considerable progress in replacement of traditional asbestos and un-coated galvanised iron roofing sheets, primarily due to health, aesthetics, durability and environmental factors. Colour coated sheets have found extensive use in roofing applications/ Pre-Fabricated Structures as well in Insulation Sandwich Panel.
Colour coated sheets are attracting greater attention today, thus affecting its usage positively. Appliance industry and auto industry have registered substantially high growth rates with multinational joint ventures.
It is widely expected that Colour coated sheets will gradually replace other roofing and siding materials in the construction sector.
Household Products:
Domestic Insecticides - Mosquito Repellent Coils & Vaporizers
With mosquitoes believed to be the major cause of various vector borne diseases, India has a large and growing market for mosquito repellants. Many methods are used in households for dealing with the mosquito menace. In spite of the pervasiveness of the mosquito problem, the use of repellants in India is fairly low. Coils were the first mosquito repellants to be introduced in the Indian market.
The mosquito repellents are available as coils, vaporizers, or as liquids in form of aerosol sprays. There is also a cream component of the market for personal use.
The demand for mosquito repellent coils is understood to be growing fast in the rural areas, whereas in urban areas the vaporizers and aerosols are replacing coils.
In an article published recently, many experts and analysts opined that this segment would grow with an estimated market capitalization of 5000 crores by 2025 of which 3500 crores would be contributed by mosquito coils alone.
Business
Business of your Company mainly consists of Colour Coated (Pre-painted) Steel & Aluminium Sheets and Coils and Household Products as Domestic Insecticides in the form of Mosquito Repellent Coils and Vaporizers.
OVERVIEW OF
OPERATIONS:
During the year. The revenue of the company stood at INR 2539.767
million, as compared to INR 2240.142 million during the year ended on March 31,
2016. However, the company earned the profit INR 10.033 million during the year
as compared to a profit of INR 29.170 million during the year ended on march
31, 2016.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM BORROWING |
|
|
|
Loan from Directors |
5.496 |
0.000 |
|
Loans from Body Corporate |
120.000 |
0.000 |
|
Total |
125.496 |
0.000 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G69028066 |
100137925 |
TATA MOTORS FINANCE LIMITED |
20/08/2017 |
- |
- |
2163000.0 |
C/o Tata Motors Finance Limited, 10th Floor106 A & B, Makers Chambers III, Nariman PointMumbaiMa400021IN |
|
2 |
G69030138 |
100137930 |
TATA MOTORS FINANCE LIMITED |
20/08/2017 |
- |
- |
1337780.0 |
C/o Tata Motors Finance Limited, 10th Floor106 A & B, Makers Chambers III, Nariman PointMumbaiMa400021IN |
|
3 |
G52793700 |
100121289 |
Axis Bank Limited |
29/07/2017 |
- |
- |
210000000.0 |
1, SHAKESPEARE SARANI, AC MARKET,3RD FLOOR, SME DEPARTMENTKOKATAWB700071IN |
|
4 |
G49922495 |
100114423 |
Axis Bank Limited |
28/06/2017 |
- |
- |
50000000.0 |
Corporate Banking Branch (CBB)1, Shakespeare Sarani, 3rd Floor, AC MarketKolkataWB722202IN |
|
5 |
G43151547 |
100095539 |
UCO Bank |
27/01/2017 |
- |
- |
380000000.0 |
FLAGSHIP CORPORATE IEP BRANCH2, INDIA EXCHANGE PLACEKOLKATAWB700001IN |
|
6 |
G09849845 |
100045548 |
HDFC BANK LIMITED |
24/06/2016 |
- |
- |
150000000.0 |
HDFC Bank House, Senapati Bapat Marg,Lower Parel West, Lower ParelMumbaiMH400013IN |
|
7 |
C81155194 |
10624664 |
BMW India Financial Services Private Limited |
30/11/2015 |
- |
- |
4200000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHR122002IN |
|
8 |
G05495924 |
100032316 |
ICICI BANK LIMITED |
18/11/2015 |
- |
- |
880000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
|
9 |
G09688318 |
10585643 |
State Bank of India |
08/05/2015 |
24/06/2016 |
- |
425000000.0 |
Commercial Branch, Kolkata24, Park StreetKolkataWB700016IN |
|
10 |
C57335093 |
10576914 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
30/03/2015 |
- |
- |
3311000.0 |
DLF CYBER CITY, PHASE II,BUILDING NO.10, TOWER - C, 14TH FLOORGURGAONHR122002IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
|
Sales Tax |
4.725 |
|
Central Excise and service Tax |
1.264 |
|
Other Cases |
0.000 |
|
Bank Guarantee |
18.476 |
|
Total |
55.6967 |
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED AND NINE
MONTHS DECEMBER 31, 2017
[INR
IN MILLION]
|
PARTICULARS |
3 Months |
9 Months |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
[Unaudited] |
[Unaudited] |
[Unaudited] |
|
1. Income from Operations |
|
|
|
|
Net Sales/income from operations |
532.446 |
593.628 |
1744.847 |
|
Other Operating Income |
8.539 |
3.620 |
21.928 |
|
Total income from operations (net) |
540.985 |
597.248 |
1766.775 |
|
|
|
|
|
|
Expenses |
|
|
|
|
Cost of materials consumed |
478.525 |
482.775 |
1402.516 |
|
Changes in inventories of finished goods. work-in-progress
and stock in trade |
(91.533) |
(36.260) |
(152.643) |
|
Employee benefits expense |
25.315 |
24.299 |
72.761 |
|
Depreciation and Amortization Expenses |
19.242 |
19.421 |
58.322 |
|
Other Expenses |
89.993 |
85.368 |
262.803 |
|
Finance Costs |
17.156 |
16.200 |
44.313 |
|
Excise Duty |
0.000 |
0.000 |
65.713 |
|
Total expenses |
538.698 |
591.803 |
1753.785 |
|
Profit/ (Loss) from ordinary activities after finance cost
but before exceptional items |
2.287 |
5.445 |
12.990 |
|
Exceptional items |
0.000 |
0.000 |
0.000 |
|
Profit/ (Loss) from ordinary activities before tax |
2.287 |
5.445 |
12.990 |
|
Tax expenses |
1.671 |
2.700 |
7.210 |
|
Net Profit / (Loss) from ordinary activities after tax |
0.616 |
2.745 |
5.780 |
|
Extraordinary item (net of tax expense) |
0.000 |
0.000 |
0.000 |
|
Net Profit / (Loss) for the period |
0.616 |
2.745 |
5.780 |
|
Comprehensive Income |
0.000 |
0.000 |
0.000 |
|
Net Profit/ (Loss) after taxes, minority interest and
share of profit/(loss) of associates |
0.616 |
2.745 |
5.780 |
|
|
|
|
|
|
Paid up equity share capital (Face Value of INR 1/-each) |
65.534 |
65.534 |
65.534 |
|
Reserve excluding Revaluation Reserve as per Balance Sheet
of previous accounting year |
|
|
|
|
Earnings per share (before extraordinary items) of INR
10/- each (not annualized): |
|
|
|
|
(a) Basic |
0.01 |
0.04 |
0.09 |
|
(b) Diluted |
0.01 |
0.04 |
0.09 |
SEGMENTWISE
REVENUE, RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT
FOR THE QUARTER AND NINE MONTHS ENDED December 2017
|
Particulars |
3 Months |
9 Months |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
[Unaudited] |
[Unaudited] |
[Unaudited] |
|
|
1. Segment Revenue |
|
|
|
|
a) Mosquito Coil |
57.997 |
64.104 |
208.989 |
|
b) Metal Products |
474.449 |
529.524 |
1535.858 |
|
c) Others |
0.000 |
0.000 |
0.000 |
|
Total |
532.446 |
593.628 |
1744.847 |
|
Less : Inter Segment Revenue |
0.000 |
0.000 |
1.000 |
|
Net Sales |
532.446 |
593.628 |
1743.847 |
|
|
|
|
|
|
2. Segment Result |
|
|
|
|
Profit before tax and
interest from each segment |
|
|
|
|
a) Mosquito Coil |
-2.904 |
-8.589 |
-6.150 |
|
b) Metal Products |
36.881 |
53.064 |
117.590 |
|
c) Others |
0.000 |
0.000 |
0.000 |
|
Total |
33.977 |
44.475 |
111.440 |
|
Less : Interest Expesnes |
17.156 |
16.200 |
44.313 |
|
Add : Interest Income |
-1.073 |
-1.336 |
-4.358 |
|
Less: other Unallowable |
15.607 |
24.166 |
58.495 |
|
Profit from ordinary
activities before tax |
2.287 |
5.445 |
12.990 |
|
|
|
|
|
|
3. Segment Assets |
|
|
|
|
a) Mosquito Coil |
458.557 |
439.141 |
458.557 |
|
b) Metal Products |
1996.850 |
2021.730 |
1790.302 |
|
c) Others |
0.000 |
0.000 |
0.000 |
|
Unallowable |
209.688 |
198.580 |
209.688 |
|
Total |
2665.095 |
2659.451 |
2458.547 |
|
|
|
|
|
|
4. Segment Liabilities |
|
|
|
|
a) Mosquito Coil |
110.548 |
95.994 |
110.548 |
|
b) Metal Products |
733.969 |
1042.880 |
733.969 |
|
c) Others |
0.000 |
0.000 |
0.000 |
|
Unallowable |
891.692 |
635.457 |
931.692 |
|
Total |
1736.209 |
1774.331 |
1776.209 |
Note:
- The Financial Results of the Company for the Quarter and Nine months ended 31st December, 2017 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 8th February, 2018. The Statutory Auditors of the Company have carried out Limited Review of these results and the results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The financial results of the Company have been prepared in accordance with Indian Accounting Standards (lnd AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The Company adopted lnd AS from 1st April, 2017, and accordingly, these financial results (Including for all the periods presented in accordance with lnd AS 101 - First-time Adoption of Indian Accounting Standards) have been prepared.
- The format for Un-audited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with requirements of SEBI's Circular dated July 5, 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013 applicable to companies that are required to comply with Ind AS.
- The statement does not include Ind AS compliant results for the year ended 31st March, 2017 as the same is not mandatory as per SEBI's Circular dated July 5, 2016.
- Consequent to transition from the previous IGAAP to Ind AS, the reconciliation of Profit is provided below for the previous period in accordance with the requirements of Paragraph 32 of Ind AS 101, "First Time Adoption of Ind AS".
- Particulars Standalone Consolidated
- Quarter Ended 31st December, 16 Nine Months Ended 31st December, 16 Quarter Ended 31st December, 16 Nine Months Ended 31st December, 16
- Net Profit as per Indian GAAP (6.10) 31.40 1.15 53.47
- Impact of Fair Valuation of Financial Instruments / Liabilities (20.31) (56.44) (20.31) (56.44)
- Net Profit as per Ind AS (26.41) (25.04) (19.16) (2.97)
- Other Comprehensive Income (After Tax) - - -
- Total Comprehensive Income as per Ind AS (26.41) (25.04) (19.16) (2.97)
- The Ind AS compliant corresponding figures in the previous year have not been subjected to review/audit. However, the Company's management has exercised necessary due diligence to ensure that such financial results provide a true and fair view of its affairs.
- Comparative figures have been rearranged / regrouped wherever necessary.
- Reviewed Financial Results of the Company for the Quarter and Nine Months ended 31st December, 2017 are available at the Company's website www.manaksia.com and websites of all Stock Exchanges, where the Equity shares of the Company are listed.
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Computer
- Office
Equipment
- Furniture and
Fixture
- 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 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
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.