|
|
|
MIRA INFORM REPORT
|
Report No. : |
505065 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NEPTUNE READYMIX CONCRETE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. VI/58 and 59, Industrial Development Area, Edayar,
Muppathadom, P.O., Cochin – 683110, Kerala |
|
Tel. No.: |
91-484-2550530/ 2550590 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
20.05.2002 |
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|
|
|
Com. Reg. No.: |
09-015427 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 12.886 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26921KL2002PTC015427 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
32AABCN6431G1ZU |
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|
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TIN No.: |
32070479962 |
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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.] |
AABCN6431G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturing and Selling of Ready-mix Concrete. [Registered Activity
and also Confirmed by Management] |
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|
|
|
No. of Employees
: |
250 (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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Exist |
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|
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|
Comments : |
Subject was incorporated in the year 2002. It is a wholly owned
subsidiary of RDC Concrete (India) Private Limited. The company is a manufacturer of ready-mix concrete. As per the financial of 2017, the revenue of the company has been
increased by 33.02% as compared to the previous year and it has achieved an
average net profit margin of 2.51%. The satisfactory financial position of the company is reflected by
above average networth base along with negligible debt level, favourable gap
between its trade payables and trade receivables and comfortable liquidity
position. Rating takes into consideration the company’s favourable Earnings per
share (EPS) of INR 249.93 as against its Face value (FV) of INR 100. Business is active. Payment seems to be usually correct. 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
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 25.04.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Anto Jacob |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9388067262 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No. VI/58 and 59, Industrial Development Area, Edayar,
Muppathadom, P.O., Cochin – 683110, Kerala, India |
|
Tel. No.: |
91-484-2550530/ 2550590 |
|
Mobile No.: |
91-9388953211 (Mr. Prathiush) 91-9388067262 (Mr. Anto Jacob) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Branch Office 1/
Factory 2 : |
Plot No. 191/1P and 8P,Industrial Development Area, Mundoor P.O.,
Thrissur – 680541, Kerala, India |
|
Tel. No.: |
91-487-2211212 |
|
|
|
|
Branch Office 2/ Factory 3 : |
Survey No. 150/3-1, 150-4, Sasthavattam Azhoor Road, Mangalapuram, Sasthavattam
P.O., Thiruvanathapuram – 695305, Kerala, India |
|
Tel. No.: |
91-484-2388111 |
|
|
|
|
Branch Office 3/ Factory 4 : |
XVI/2C, Near BPCL Pump, Chithrappuzha, Ambalamugal, Ernakulum – 682302, Kerala, India |
|
Tel. No.: |
91-484-2388111 |
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|
|
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Branch Office 4/ Factory 5 : |
Project of Capacit'e Infraproj, Prestige Hillside Gateway, Kusumagiri, Ernakulum – 682030, Kerala, India |
|
Tel. No.: |
91-484-2388111 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. K S Bhoon |
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|
Designation : |
Director |
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Address : |
Ashok Leyland MDC 312 Sipcot, Hosur – 635126, Tamilnadu, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
07.09.1947 |
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Date of Appointment : |
12.09.2017 |
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DIN No.: |
00179160 |
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Other Directorship:
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|
||||||||||||||||||||||||
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Name : |
Mr. Rahul Arun Kapani |
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|
Designation : |
Casual Vacancy Director |
||||||||||||||||||||||||
|
Address : |
1101, Poorna CHS Limited, Off Lokhandwala Lane, Sundervan Complex, Near Sab TV, Andheri (West) Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
06.05.1974 |
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Date of Appointment : |
09.07.2013 |
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DIN No.: |
06432934 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Anto Jacob |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Prathiush |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
|
|
|
|
RDC Concrete India Private Limited, India |
|
62499 |
|
Sanjay N Arte |
|
1 |
|
|
|
|
|
Total |
|
62500 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
|
|
|
|
RDC Concrete India Private Limited, India |
|
66360 |
|
|
|
|
|
Total |
|
66360 |
AS ON 12.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Ready-mix Concrete. [Registered Activity
and also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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||||
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Selling : |
Cash, L/C, Credit (90 Days) and NEFT |
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Purchasing : |
Cash, L/C, Credit (90 Days) and NEFT |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
250 (Approximately) |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India |
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|
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Facilities : |
|
|
|
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|
Financial Institution : |
· SREI Equipment Finance Private Limited 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India |
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|
|
|
Auditors : |
|
|
Name : |
K Venkitachalam Aiyer and Company Chartered Accountants |
|
Address : |
Building No.41/3647B, Province Road North End, Cochin – 682018,
Kerala, India |
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PAN No.: |
AAEFK0880A |
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|
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|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company : |
RDC Concrete India Private Limited, India (U74999MH1993PTC172842) |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
70000 |
Preference Shares |
INR 100/- each |
INR 7.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 22.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62500 |
Equity Shares |
INR 100/- each |
INR 6.250
Million |
|
66360 |
Preference Shares |
INR 100/- each |
INR 6.636 Million |
|
|
|
|
|
|
|
Total |
|
INR 12.886
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12.886 |
12.886 |
12.886 |
|
(b) Reserves & Surplus |
108.553 |
92.293 |
85.975 |
|
(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) |
121.439 |
105.179 |
98.861 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
9.259 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
9.259 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
5.166 |
13.633 |
18.649 |
|
(b)
Trade payables |
89.403 |
66.270 |
53.543 |
|
(c)
Other current liabilities |
30.490 |
28.708 |
27.102 |
|
(d)
Short-term provisions |
4.025 |
1.834 |
2.479 |
|
Total
Current Liabilities (4) |
129.084 |
110.445 |
101.773 |
|
|
|
|
|
|
TOTAL |
250.523 |
215.624 |
209.893 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
113.995 |
116.812 |
129.646 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
5.594 |
5.569 |
7.755 |
|
(d) Long-term Loan
and Advances |
4.764 |
2.352 |
2.698 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
124.353 |
124.733 |
140.099 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.502 |
6.848 |
9.623 |
|
(c)
Trade receivables |
110.841 |
66.107 |
47.453 |
|
(d)
Cash and cash equivalents |
0.998 |
1.602 |
0.862 |
|
(e)
Short-term loans and advances |
3.176 |
5.698 |
2.615 |
|
(f)
Other current assets |
2.653 |
10.636 |
9.241 |
|
Total
Current Assets |
126.170 |
90.891 |
69.794 |
|
|
|
|
|
|
TOTAL |
250.523 |
215.624 |
209.893 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
647.656 |
486.889 |
444.199 |
|
|
|
Other Income |
1.260 |
1.548 |
0.732 |
|
|
|
TOTAL (A) |
648.916 |
488.437 |
444.931 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
447.411 |
342.941 |
312.050 |
|
|
|
Purchases of Ready Mix Concrete for trading |
0.222 |
0.306 |
0.638 |
|
|
|
Employees benefits expense |
50.178 |
45.177 |
43.939 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
(0.007) |
|
|
|
Other expenses |
112.148 |
70.626 |
69.895 |
|
|
|
TOTAL (B) |
609.959 |
459.050 |
426.515 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
38.957 |
29.387 |
18.416 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.057 |
4.965 |
7.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
35.900 |
24.422 |
11.296 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.775 |
15.095 |
17.883 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
24.125 |
9.327 |
(6.587) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.865 |
3.009 |
(1.906) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
16.260 |
6.318 |
(4.681) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
249.93 |
90.87 |
(85.12) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debts |
|
|
|
|
Government of Kerala – Hire Purchase Obligation |
0.000 |
0.043 |
0.043 |
|
HDFC Bank |
0.000 |
8.556 |
9.333 |
|
SREI Equipment Finance Private Limited – Equipment Loan |
0.000 |
0.701 |
4.979 |
|
SREI Equipment Finance Private Limited |
0.000 |
0.000 |
0.317 |
|
Total |
0.000 |
9.300 |
14.672 |
|
|
|
|
|
|
Cash generated from operations |
31.687 |
27.772 |
14.940 |
|
|
|
|
|
|
Net Cash flow from operating activities |
29.038 |
27.261 |
15.296 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
62.47 |
49.56 |
38.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.84 |
7.37 |
9.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
72.90 |
70.47 |
62.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
4.58 |
4.29 |
1.91 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.34 |
0.25 |
0.14 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.52 |
0.56 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.22 |
0.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.06 |
1.05 |
1.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.94 |
1.11 |
1.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
12.74 |
5.92 |
2.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.51 |
1.30 |
(1.05) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.49 |
2.93 |
(2.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.39 |
6.01 |
(4.73) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.98 |
0.82 |
0.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.76 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.48 |
0.49 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.40 |
1.78 |
3.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.98 |
0.82 |
0.69 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
12.886 |
12.886 |
12.886 |
|
Reserves & Surplus |
85.975 |
92.293 |
108.553 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
98.861 |
105.179 |
121.439 |
|
|
|
|
|
|
long-term borrowings |
9.259 |
0.000 |
0.000 |
|
Short term borrowings |
18.649 |
13.633 |
5.166 |
|
Current Maturities of Long term debt |
14.672 |
9.300 |
0.000 |
|
Total
borrowings |
42.580 |
22.933 |
5.166 |
|
Debt/Equity ratio |
0.431 |
0.218 |
0.043 |
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 |
444.199 |
486.889 |
647.656 |
|
|
|
9.611 |
33.019 |
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 |
444.199 |
486.889 |
647.656 |
|
Profit/ (Loss) |
(4.681) |
6.318 |
16.260 |
|
|
-1.05% |
1.30% |
2.51% |
LEGAL CASES
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
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) |
No |
|
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 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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B85718237 |
10451029 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
22/09/2013 |
- |
- |
1787800.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
2 |
B85719136 |
10451032 |
HDFC BANK LIMITED |
28/08/2013 |
- |
- |
28000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
B63978993 |
10391588 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
22/11/2012 |
- |
- |
2292430.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
4 |
B57285983 |
10374508 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
22/08/2012 |
- |
- |
1413000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
5 |
B18042242 |
10300105 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
15/07/2011 |
- |
- |
10000000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
6 |
A89491633 |
10105192 |
HDFC BANK LIMITED |
21/04/2008 |
22/06/2010 |
- |
21520000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
A02220259 |
10008771 |
SUNDARAM FINANCI LIMITED |
21/06/2006 |
- |
- |
1859200.0 |
NO 21 PATULLOS ROADCHENNAITN600002IN |
|
8 |
A01084649 |
10004135 |
THE FEDERAL BANK LIMITED |
22/05/2006 |
- |
- |
629000.0 |
PACHALAM BRANCH, BHAGYODAYAM BUILDINGPACHALAM, KOCHIERNAKULAMKL682012IN |
|
9 |
G05648068 |
10391589 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
22/11/2012 |
- |
08/06/2016 |
506250.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
10 |
G05646773 |
10374506 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
22/08/2012 |
- |
08/06/2016 |
10328000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
11 |
B24686099 |
10000330 |
ICICI BANK LIMITED |
28/02/2006 |
- |
25/10/2011 |
2108307.0 |
EMGEE SQUARE PADMA JUNCTIONM.G. ROAD COCHINERNAKULAMKL682035IN |
|
12 |
B14765663 |
10060528 |
KOTAK MAHINDRA BANK LIMITED |
30/06/2007 |
- |
06/06/2011 |
2531000.0 |
36-38A, NARIMAN BHAVAN, 227,D,NARIMAN POINT,MUMBAIMH400021IN |
|
13 |
B14938435 |
10037477 |
L & T FINANCE LIMITED |
24/01/2007 |
- |
27/05/2011 |
729000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
14 |
B14936561 |
10036355 |
L & T FINANCE LIMITED |
11/01/2007 |
- |
27/05/2011 |
4777000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
15 |
B14937874 |
10054094 |
L & T FINANCE LIMITED |
24/05/2007 |
- |
27/05/2011 |
1830000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
16 |
B14939409 |
10031594 |
L & T FINANCE LIMITED |
29/11/2006 |
- |
27/05/2011 |
460000.0 |
L&T HOUSE, BALLARD ESTATE, P.O.BOX .278MUMBAIMUMBAIMH400001IN |
|
17 |
B14938898 |
10047795 |
L & T FINANCE LIMITED |
28/03/2007 |
- |
27/05/2011 |
4160000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
18 |
B14937387 |
10047792 |
L & T FINANCE LIMITED |
28/03/2007 |
- |
27/05/2011 |
580000.0 |
L&T HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
19 |
B14939763 |
10031595 |
L & T FINANCE LIMITED |
05/12/2006 |
- |
27/05/2011 |
590000.0 |
L&T HOUSE, BALLARD ESTATE, P.O.BOX .278MUMBAIMUMBAIMH400001IN |
|
20 |
A87732459 |
90021015 |
FEDERAL BANK LIMITED |
28/07/2005 |
- |
26/05/2010 |
2500000.0 |
PALARIVATIONPALARIVATIONKLIN |
CORPORATE
INFORMATION
The Company is the wholly owned subsidiary of RDC Concrete (India) Private Limited, Vinmar House, A-41, 3rd Floor, MIDC Road No. 2, Opposite Marol Depot, Andheri (East), Mumbai 400093. The Company identity number (CIN) is U26921KL2002PTC015427.
The company is engaged in the business of manufacture and sale of ready-mix concrete in Kerala, India. It has plants at Kochi, Thrissur and Thiruvananthapuram.
PERFORMANCE
The Directors do not recommend any dividend and hence there is no transfer of any amounts to the general reserve. There was no material change or commitments affecting the financial position of the company or state of affairs since the date of Balance Sheet upto this date of report.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Matters where the future cash outflows are determinable only on
receipt of pending judgments/ conclusions: |
|
|
|
- Sales tax Matters |
1.121 |
5.719 |
|
|
|
|
|
Arrears of fixed preference share cumulative dividends |
5.191 |
4.660 |
|
|
|
|
|
Total |
6.312 |
10.379 |
FIXED ASSETS:
· Land
· Buildings
· Vehicles
· Plant and Equipment
· Furniture and Fixtures
· Office Equipment
· Electric Installation
· Air Conditioner
· Computers and Peripherals
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 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.36 |
|
UK Pound |
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
BVA |
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.