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MIRA INFORM REPORT
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Report No. : |
505585 |
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Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MINEX METALLURGICAL COMPANY LIMITED (w.e.f.17.12.2007) |
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Formerly known as : |
MINEX METALLURGICAL COMPANY PRIVATE LIMITED |
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Registered
Office : |
301, Rajguru Apartments, 3rd Floor, 3 New Nagardas Road,
Andheri (East), Mumbai – 400069, Maharashtra |
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Tel. No.: |
91-22-28358500 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
31.03.1981 |
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Com. Reg. No.: |
11-024161 |
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Capital
Investment / Paid-up Capital : |
INR 152.000 Million |
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CIN No.: [Company Identification
No.] |
U28910MH1981PLC024161 |
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IEC No.: [Import-Export Code No.] |
0391003445 |
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TIN/VAT No.: |
27630329547V |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACM7315B1ZW |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACM7315B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the manufacture and sale of Specialty Alloys for use by the Iron and Steel Industry. The Company is also engaged in manufacturing and supplying Cored Wire Feeder Machines and its Spares and Parts (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1981 and it is a manufacturer and seller of specialty alloys for use by iron and steels industry. It is also engaged in manufacturing and supplying cored wire feeder machines and its spares as well as parts. As per the financials of March 2017, the company has registered marginal decline in its revenue and reported good profit margin of 20.85%. Rating takes into consideration the company’s established track record of business operations marked by healthy financial risk profile along with low solvency indicators and good liquidity position. Rating also takes into account the extensive experience of the promoters in the specialty alloys business and its position as one of the leading manufacturers of specialty alloying products in the domestic market. Further, the company has reported good earnings per share of INR 29.28 against its face value of INR 10. Payments terms are reported to be regular. In view of aforesaid, the company can be considered good for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
Long term Rating : A+ |
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Rating Explanation |
Adequate degree of safety and low credit
risk. |
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Date |
May 10, 2017 |
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Rating Agency Name |
ICRA |
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Rating |
Short term Rating : A1 |
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Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
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Date |
May 10, 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 DENIED
Management non-cooperative (Tel No.: 91-22-28362166/28358500)
Mobile No.:
91-9833745178 - Not Reachable
LOCATIONS
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Registered/ Head Office : |
301, Rajguru Apartments, 3rd Floor, 3 New Nagardas Road,
Andheri (East), Mumbai – 400069, Maharashtra, India |
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Tel. No.: |
91-22-28362166 / 28215703 / 28370349 / 28982020/ 28358500 |
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Mobile No.: |
91-9833745178 (Mr. Vijayan) |
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Fax No.: |
91-22-28377369 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Owned |
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Locality: |
Residential |
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Kalmeshwar – Plant : |
B-401/1, MIDC Industrial Area, Kalmeshwar, Nagpur – 441501,
Maharashtra, India |
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Tel. No.: |
91-7118-27168/9 |
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Fax No.: |
91-7118-271496 |
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E-Mail : |
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Nimji – Plant : |
68/3, Nimji, Tahsil Kalmeshwar, District |
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Tel. No.: |
91-7118-238304 |
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Fax No.: |
91-7118-238304 |
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E-Mail : |
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Wadki Plant |
Gat No: 1211, 1212, 1213 and 1230 Village Wadki, Taluka: Haveli, District: Pune-412 308, Maharashtra, India |
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Tel. No.: |
91-20-26989820 / 26989113 |
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Sales Office |
3/6, Shivaji Durgapur, Burdwan - 713204, West |
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Tel. No.: |
91-343-2572095 |
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Fax No.: |
91-343-2568413 |
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E-Mail : |
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Factory 1: |
K-6, Butibori Industrial Area, Nagpur - 441112, Maharashtra, India |
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Factory 2: |
Vora Industrial Estate No.4, Unit No.19/28/31, Navghar Village, Vasai (East), Thane-401210, Maharashtra, India |
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Tel. No: |
91-250-2393545 |
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Godown : |
Vishwas Nagar, Plot No – 7 and 8, Opposite Reliance Colony, Olpad Road,
Icchapur, Surat – 394510, Gujarat, India |
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Branch Office : |
· 3/6, Shivaji, Burdwan, Durgapur-713204, West Bengal, India · 5th Floor, KCI Plaza, 23C Ashutosh Choudhury Avenue, Kolkata - 700 019, West Bengal, India · 7, Sagar Complex, Nasik Phata, Kasarwadi, Pune- 411 034, Maharashtra, India |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Sukhendu Bikas Misra |
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Designation : |
Managing Director |
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Address : |
301, Belscot Tower, 1st Lokandwala Complex, Link Road, Andheri
(East), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
19.06.1946 |
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Date of Appointment : |
01.04.2011 |
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PAN No. : |
AASPM5071D |
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DIN No. : |
00105418 |
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Name : |
Ms. Rakhi Sukhendu Bikas Misra |
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Designation : |
Whole Time Director |
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Address : |
301, Belscot Tower, 1st Lokandwala Complex, Link Road,
Andheri (East), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
17.04.1953 |
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Date of Appointment : |
01.04.2011 |
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PAN No. : |
AGVPM7955P |
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DIN No.: |
00353033 |
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Name : |
Mr. Anantharaman Mahadevan |
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Designation : |
Director |
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Address : |
A-1, 2nd Floor, New Palm Beach Co-operative Society, Sector
– 4, Nerul, New Mumbai – 400706, Maharashtra, India |
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Date of Birth/Age : |
06.03.1947 |
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Date of Appointment : |
31.03.1981 |
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PAN No. : |
AAHPM5970E |
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DIN No.: |
00165226 |
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Other
Directorship :
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Name : |
Mr. Dilip Keshavlal Patel |
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Designation : |
Director |
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Address : |
15 Neel Shobha, 4th Floor, M. V. Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
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Date of Birth/Age : |
20.10.1947 |
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Date of Appointment : |
01.08.2008 |
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DIN No.: |
00013150 |
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Other
Directorship :
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Name : |
Mr. Mukul Tagore |
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Designation : |
Director |
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Address : |
503, Benhut ‘A’ Lokhandwala Complex, Link Road, Andheri (East), Mumbai
– 400053, Maharashtra, India |
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Date of Birth/Age : |
03.01.1946 |
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Date of Appointment : |
31.03.1981 |
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DIN No.: |
00353182 |
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Name : |
Mr. Anil Dattatraya Harolikar |
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Designation : |
Director |
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Address : |
242 / 6272, Rajani Gandha Pant Nagar, Ghatkopar (East), Mumbai-400075,
Maharashtra, India |
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Date of Birth/Age : |
12.04.1949 |
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Date of Appointment : |
30.11.2016 |
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PAN No. : |
AAAPH0888F |
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DIN No.: |
00239460 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Ms. Shreya Misra |
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Designation : |
Manager |
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Address : |
301/302, Belscot Tower, Lokhanwala Complex, Andheri (West), Mumbai 400058, Maharashtra, India |
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Date of Appointment : |
01.03.2011 |
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PAN No.: |
AEFPM8004F |
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Name : |
Mr. Murali Mahadevan |
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Designation : |
Company Secretary |
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Address : |
A-203, New Nikita Apartments, Chikuwadi, Borivali (West), Mumbai-400092, Maharashtra, India |
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Date of Appointment : |
01.08.2005 |
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PAN No.: |
ACBPM8585F |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 28.08.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
88.06 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
11.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the manufacture and sale of Specialty Alloys for use by the Iron and Steel Industry. The Company is also engaged in manufacturing and supplying Cored Wire Feeder Machines and its Spares and Parts (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Shaparia Mehta and Associates LLP Chartered Accountants |
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Address : |
804, A Naman Midtown Senapati, Bapat Marg, Elphinstone Road, Mumbai, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFS3225N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other related party
: |
Minex Foundation |
CAPITAL STRUCTURE
As on 28.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15200000 |
Equity Shares |
INR 10/- each |
INR 152.000 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
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|
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(1)Shareholders' Funds |
|
|
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(a) Share Capital |
152.000 |
160.000 |
160.000 |
|
(b) Reserves and Surplus |
1816.420 |
1423.030 |
1345.180 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
1968.420 |
1583.030 |
1505.180 |
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
19.400 |
25.470 |
53.970 |
|
(b) Deferred tax liabilities (Net) |
37.670 |
36.120 |
35.170 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.110 |
11.040 |
12.050 |
|
Total Non-current
Liabilities (3) |
68.180 |
72.630 |
101.190 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
335.690 |
171.280 |
616.770 |
|
(b) Trade
payables |
139.400 |
112.750 |
143.270 |
|
(c) Other
current liabilities |
74.270 |
68.210 |
91.460 |
|
(d) Short-term
provisions |
26.850 |
7.840 |
16.370 |
|
Total Current
Liabilities (4) |
576.210 |
360.080 |
867.870 |
|
|
|
|
|
|
TOTAL |
2612.810 |
2015.740 |
2474.240 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
487.740 |
515.580 |
481.790 |
|
(ii)
Intangible Assets |
1.420 |
2.090 |
1.010 |
|
(iii) Tangible assets
capital work-in-progress |
14.050 |
1.870 |
3.150 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
433.000 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
41.300 |
27.360 |
27.780 |
|
(e) Other
Non-current assets |
2.400 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
979.910 |
546.950 |
513.780 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
276.140 |
0.000 |
0.000 |
|
(b)
Inventories |
549.040 |
529.300 |
786.310 |
|
(c) Trade
receivables |
629.140 |
770.440 |
970.000 |
|
(d) Cash and
bank balances |
17.950 |
38.010 |
55.680 |
|
(e)
Short-term loans and advances |
158.390 |
128.730 |
146.470 |
|
(f) Other
current assets |
2.240 |
2.310 |
2.000 |
|
Total
Current Assets |
1632.900 |
1468.790 |
1960.460 |
|
|
|
|
|
|
TOTAL |
2612.810 |
2015.740 |
2474.240 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2522.130 |
2575.800 |
4792.560 |
|
|
Other Income |
246.800 |
22.230 |
20.290 |
|
|
TOTAL |
2768.930 |
2598.030 |
4812.850 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1968.540 |
2035.050 |
4023.780 |
|
|
Purchases of
Stock-in-Trade |
69.520 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.780) |
54.140 |
(62.460) |
|
|
Employee benefit expense |
148.830 |
131.080 |
178.110 |
|
|
CSR expenditure |
5.410 |
0.000 |
0.000 |
|
|
Prior period items |
0.000 |
0.000 |
0.440 |
|
|
Exceptional items |
(480.030) |
0.000 |
0.000 |
|
|
Other expenses |
470.680 |
208.870 |
329.810 |
|
|
TOTAL |
2163.170 |
2429.140 |
4469.680 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
605.760 |
168.890 |
343.170 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.720 |
19.370 |
67.540 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
587.040 |
149.520 |
275.630 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
35.290 |
30.360 |
42.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
551.750 |
119.160 |
233.230 |
|
|
|
|
|
|
|
Less |
TAX |
25.810 |
(26.260) |
79.250 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
525.940 |
145.420 |
153.980 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
29.28 |
4.83 |
9.62 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
150.490 |
607.490 |
55.980 |
|
Net cash flows from (used in) operating activities |
(48.450) |
625.200 |
(27.020) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
91.05 |
109.17 |
73.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.01 |
3.34 |
4.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
24.97 |
20.22 |
13.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.10 |
0.32 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.20 |
0.33 |
0.71 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.23 |
0.19 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.18 |
0.12 |
0.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.29 |
0.23 |
0.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.26 |
0.33 |
0.32 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
32.36 |
8.72 |
5.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
20.85 |
5.65 |
3.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
20.13 |
7.21 |
6.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.72 |
9.19 |
10.23 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.83 |
4.08 |
2.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.88 |
2.61 |
1.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.75 |
0.79 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.34 |
1.23 |
4.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.83 |
4.08 |
2.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
160.000 |
160.000 |
152.000 |
|
Reserves & Surplus |
1345.180 |
1423.030 |
1816.420 |
|
Net
worth |
1505.180 |
1583.030 |
1968.420 |
|
|
|
|
|
|
long-term borrowings |
53.970 |
25.470 |
19.400 |
|
Short term borrowings |
616.770 |
171.280 |
335.690 |
|
Total
borrowings |
670.740 |
196.750 |
355.090 |
|
Debt/Equity
ratio |
0.446 |
0.124 |
0.180 |
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 |
4792.560 |
2575.800 |
2522.130 |
|
|
|
(46.254) |
(2.084) |
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 |
4792.560 |
2575.800 |
2522.130 |
|
Profit |
153.980 |
145.420 |
525.940 |
|
|
3.21% |
5.65% |
20.85% |
Legal
Cases
HIGH COURT
|
MS VINDHYA VASINI INDUSTRI ES LTD. THR. ITS PRESIDENT AND C.E.O. AND ORS VS MS MINEX METALLURGICAL CO. LTD. THR. ITS AUTH. SIGNAT ORY GEN. MANAGER AND ANR |
|
high court-Nagpur |
|
Case no:51. APL/231/2013 |
|
Case status:Pending |
|
Judge:HON'BLE SMT. JUSTICE V.A. NAIK And SHRI JUSTICE P.B. VARALE |
|
Date:2013-06-18T00:00:00Z |
HIGH COURT
|
MS VINDHYA VASINI INDUSTRI ES LTD. THR. ITS PRESIDENT AND C.E.O. AND ORS N MS VINDHYA VASIN VS MS MINEX METALLURGICAL CO. LTD. THR. ITS AUTH. SIGNAT ORY GEN. MANAGER AND ANR MS MINEX MET |
|
high court-Nagpur |
|
Case no:APL/231/2013 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI S.P. MULEY REGISTRAR,JUDL. |
|
Date:2014-01-13T00:00:00Z |
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) |
No |
|
16] |
No. of employees |
No |
|
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 three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
4.250 |
5.060 |
|
Total |
4.250 |
5.060 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G74223587 |
100148434 |
AXIS BANK LIMITED |
28/12/2017 |
- |
- |
400000000.0 |
Bombay Dyeing Mills Compounds Pandurang Budhakar Marg, Worli Mumbai Maharashtra 400025 India |
|
2 |
G05530597 |
100032418 |
KOTAK MAHINDRA BANK LIMITED |
05/05/2016 |
- |
- |
200000000.0 |
27bkc, C 27, G Block Bandra Kurla Complex, Bandra (E), Mumbai Maharashtra 400051 India |
|
3 |
B91800094 |
10465771 |
DBS Bank Limited |
29/11/2013 |
- |
- |
200000000.0 |
4a, Nandlal Basu Sarani Kolkata Wb 700071 India |
|
4 |
B41071838 |
10359296 |
ICICI BANK LIMITED |
29/05/2012 |
- |
- |
300000000.0 |
Landmarkrace Cource Circle Alkapuri Baroda Gj 390015 India |
|
5 |
B16827123 |
10297090 |
YES BANK LIMITED |
19/07/2011 |
- |
- |
200000000.0 |
9th Floor, Nehru Centre, Discovery Of India,Dr. Annie Besant Road, Worli, Mumbai Maharashtra 400018 India |
|
6 |
G07351653 |
80048608 |
CANARA BANK |
13/05/1999 |
30/06/2016 |
- |
100000000.0 |
Mid Corporate Branch Gandhinagar Nagpur Maharashtra 440010 India |
|
7 |
G13458989 |
10385088 |
AXIS BANK Limited |
05/11/2012 |
- |
09/09/2016 |
315000000.0 |
131, Maker Towers 'F' 13th Floorcuffe Parade, Colaba Mumbai Maharashtra 400005 India |
|
8 |
G03240108 |
10101387 |
Standard Chartered Bank |
11/04/2008 |
27/09/2011 |
04/05/2016 |
600000000.0 |
Crescenzo, 3A/F, Plot No. C-38 & 39G Block, Bandra Kurla Complex, Bandra Mumbai Maharashtra 400051 India |
|
9 |
G03241023 |
10319187 |
Standard Chartered Bank |
10/10/2011 |
- |
25/04/2016 |
100000000.0 |
Crescenzo, 3A/F, Plot No. C-38 & 39G Block, Bandra Kurla Complex, Bandra Mumbai Maharashtra 400051 India |
|
10 |
A85476133 |
10158094 |
THE HONGKONG & SHANGHAI BANKING CORPORATION LIMITED |
13/05/2009 |
- |
27/04/2010 |
100000000.0 |
52/60, Mahatma Gandhi Road Fort Mumbai Maharashtra 400001 India |
FIXED ASSETS
- Land
- Factory Buildings
- Office Premises / Flats
- Plant and Machinery
- Lab. Equipment’s
- Electrical Installations
- Office Equipment’s
- Air Conditioner
- Vehicles
- Furniture and Fixtures
- Computers
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 63.50 |
|
UK Pound |
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·