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|
|
MIRA INFORM REPORT
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Report No. : |
504833 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARISUDANA INDUSTRIES LIMITED |
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Registered
Office : |
B-XXIX /143, |
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Tel. No.: |
91-161-2542488, 2536823, 5028859, 5029859 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
18.12.1995 |
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Com. Reg. No.: |
16-017453 |
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Capital Investment
/ Paid-up Capital : |
INR 84.381 Million |
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|
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CIN No.: [Company Identification
No.] |
U24123PB1995PLC017453 |
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|
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IEC No.: [Import-Export Code No.] |
3095010150 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
03AABCA2449K1ZX |
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TIN No.: |
03751139148 |
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PAN No.: [Permanent Account No.] |
AABCA2449K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing and processing of Polyester Yarn, Polyester Acrylic Yarn, Polyester Viscose Yarn, other yarns and trading of related goods. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
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 |
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Maximum Credit Limit : |
USD 1217000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. It is a manufacturer of Polyester Yarn, Polyester Acrylic Yarn, Polyester Viscose Yarn and other Yarn.
|
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) |
|
|
A1 |
A1 |
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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 bank facilities: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
05.07.2017 |
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 26.04.2018
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Pradeep Arora |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-161-2542488 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered Office/ Factory : |
B-XXIX /143, |
|
Tel. No.: |
91-161-2542488, 2536823, 5028859, 5029859 |
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Fax No.: |
91-161-2530015 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Gagan Khanna |
||||||||
|
Designation : |
Managing Director |
||||||||
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Address : |
164/10, Singhpura, Barewal Colony Abadi, |
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|
Date of Birth/Age : |
31.10.1962 |
||||||||
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Qualification : |
Graduate |
||||||||
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Date of Appointment : |
01.04.2015 |
||||||||
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PAN No.: |
ACYPK9144R |
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DIN No.: |
00601358 |
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Other directorship:
|
|||||||||
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|
|
||||||||
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Name : |
Mr. Kewal Kumar Khanna |
||||||||
|
Designation : |
Whole – Time Director |
||||||||
|
Address : |
164/10, Singhpura, Barewal Colony Abadi, |
||||||||
|
Date of Birth/Age : |
20.06.1934 |
||||||||
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Qualification : |
Under Graduate |
||||||||
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Date of Appointment : |
01.04.2007 |
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PAN No.: |
ALCPK0772G |
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DIN No.: |
00601404 |
||||||||
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|
||||||||
|
Name : |
Mr. Harish Chander Kaura |
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Designation : |
Whole – Time Director |
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|
Address : |
House No.304 G, BRS Nagar, Ludhiana, Punjab, India |
||||||||
|
Date of Birth/Age : |
25.02.1964 |
||||||||
|
Date of Appointment : |
08.02.1996 |
||||||||
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PAN No.: |
ABEPK6346A |
||||||||
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DIN No.: |
01271528 |
||||||||
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|
||||||||
|
Name : |
Mr. Sidharth Khanna |
||||||||
|
Designation : |
Whole – Time Director |
||||||||
|
Address : |
164/10, Singhpura, Barewal Colony Abadi, |
||||||||
|
Date of Birth/Age : |
03.11.1987 |
||||||||
|
Qualification : |
Post Graduate |
||||||||
|
Date of Appointment : |
06.04.2010 |
||||||||
|
PAN No.: |
AQPRK7438P |
||||||||
|
DIN No.: |
03081356 |
||||||||
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Other directorship:
|
|||||||||
|
Name : |
Mr. Sanjeev Arora |
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Designation : |
Director |
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Address : |
Hampton Court, Business Park, Nh 95, Ldh-Chd Road, Ludhiana - 141123, Punjab, India |
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Date of Birth/Age : |
18.09.1963 |
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Date of Appointment : |
31.03.2015 |
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DIN No.: |
00077748 |
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Other directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Surinder Mohan Jalota |
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Designation : |
Director |
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Address : |
Samrala Bye-Pass, Chandigarh Road, Ludhiana 141008, Punjab, India |
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Date of Birth/Age : |
29.03.1939 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.05.2002 |
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DIN No.: |
00871110 |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Pardeep Kumar Aggarwal |
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Designation : |
Director |
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Address : |
Villa No.7 Country Homes North Barewal Bridge Ludhiana - 141001, Punjab, India |
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Date of Birth/Age : |
24.03.1970 |
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Date of Appointment : |
31.03.2015 |
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DIN No.: |
03523490 |
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Other directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Saurav Narang |
|
Designation : |
Company Secretary |
|
Address : |
102, New Rajguru Nagar, Ferozepur Road, Ludhiana - 141001, Punjab, India |
|
Date of Appointment : |
01.02.2016 |
|
PAN No.: |
AMLPN6719J |
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|
|
|
Name : |
Mr. Pradeep Arora |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Gagan Khanna |
|
3004230 |
|
Kawel Khanna |
|
1667991 |
|
Nomita Khanna |
|
281680 |
|
Sidharth Khanna |
|
2915338 |
|
Gagan Khanna HUF |
|
129758 |
|
Kawel Khanna HUF |
|
103806 |
|
Daljeet Puri |
|
380 |
|
Harish Chander Kaura |
|
480 |
|
Suresh Chowdry |
|
38000 |
|
Sanjiv Sharma |
|
38000 |
|
Sushma Aggarwal |
|
38000 |
|
Sandeep Aulakh |
|
30400 |
|
Harish Arora |
|
190000 |
|
Total |
|
8438063 |
Equity Share Break up (Percentage of Total Equity)
AS ON 05.08.2017
|
Category |
Percentage |
|
Promoters- (Individual/Hindu Undivided Family- Indian) |
96.03 |
|
Public/Other than promoters- (Individual/Hindu Undivided Family- Indian) |
3.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and processing of Polyester Yarn, Polyester Acrylic Yarn, Polyester Viscose Yarn, other yarns and trading of related goods. [Registered Activity] |
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Products / Services
: |
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||||
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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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||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
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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||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Dass Khanna and Company Chartered Accountants |
|
Address : |
B-XX-2815, Gurdev Nagar, Pakhowal Road , Ludhiana – 141001, Punjab, India |
|
Tel. No.: |
91-161-2403029 |
|
Fax No.: |
91-161-2409672 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABED5151G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related party : |
Note: * No transactions during the year |
CAPITAL STRUCTURE
AS ON 05.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8438063 |
Equity Shares |
INR 10/- each |
INR 84.381 Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
84.381 |
84.381 |
84.381 |
|
(b) Reserves and Surplus |
341.866 |
279.710 |
255.573 |
|
(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) |
426.247 |
364.091 |
339.954 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
333.673 |
335.390 |
335.140 |
|
(b) Deferred tax liabilities (Net) |
18.331 |
19.544 |
23.258 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.758 |
3.764 |
3.049 |
|
Total Non-current
Liabilities (3) |
356.762 |
358.698 |
361.447 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
165.014 |
157.976 |
122.266 |
|
(b) Trade
payables |
140.701 |
15.039 |
29.272 |
|
(c) Other
current liabilities |
104.282 |
70.177 |
86.515 |
|
(d) Short-term
provisions |
1.408 |
1.277 |
2.834 |
|
Total Current
Liabilities (4) |
411.405 |
244.469 |
240.887 |
|
|
|
|
|
|
TOTAL |
1194.414 |
967.258 |
942.288 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
520.636 |
512.902 |
573.180 |
|
(ii) Intangible Assets |
0.087 |
0.199 |
0.021 |
|
(iii) Tangible assets capital work-in-progress |
4.022 |
0.587 |
6.549 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
4.416 |
4.684 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
27.048 |
30.588 |
25.107 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
551.793 |
548.692 |
609.541 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
50.000 |
0.000 |
0.000 |
|
(b) Inventories |
305.054 |
201.509 |
135.252 |
|
(c) Trade receivables |
102.388 |
106.338 |
104.768 |
|
(d) Cash and bank balances |
51.251 |
3.853 |
3.240 |
|
(e) Short-term loans and advances |
112.547 |
78.916 |
48.909 |
|
(f) Other current assets |
21.381 |
27.950 |
40.578 |
|
Total
Current Assets |
642.621 |
418.566 |
332.747 |
|
|
|
|
|
|
TOTAL |
1194.414 |
967.258 |
942.288 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2038.897 |
1802.680 |
2094.970 |
|
|
Other Income |
6.526 |
15.427 |
21.911 |
|
|
TOTAL |
2045.423 |
1818.107 |
2116.881 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1330.292 |
1326.402 |
1512.714 |
|
|
Purchases of
Stock-in-Trade |
75.691 |
4.133 |
68.289 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(11.114) |
(13.017) |
16.313 |
|
|
Employee benefit expense |
68.485 |
34.952 |
26.239 |
|
|
Other expenses |
353.920 |
292.089 |
316.946 |
|
|
Exceptional items before tax |
10.171 |
0.000 |
0.000 |
|
|
TOTAL |
1827.445 |
1644.559 |
1940.501 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
217.978 |
173.548 |
176.380 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
44.769 |
48.421 |
60.933 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
173.209 |
125.127 |
115.447 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
80.001 |
88.223 |
86.585 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
93.208 |
36.904 |
28.862 |
|
|
|
|
|
|
|
Less |
TAX |
31.053 |
12.766 |
9.319 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
62.155 |
24.138 |
19.543 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
509.189 |
600.416 |
741.619 |
|
|
TOTAL EARNINGS |
509.189 |
600.416 |
741.619 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
6.989 |
3.758 |
1.791 |
|
|
Capital Goods |
4.219 |
0.885 |
1.886 |
|
|
TOTAL IMPORTS |
11.208 |
4.644 |
3.676 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.37 |
2.86 |
2.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
63.461 |
49.218 |
63.124 |
|
Net cash flows from (used in) operations |
201.516 |
41.870 |
259.118 |
|
Net cash flows from (used in) operating activities |
169.250 |
25.391 |
248.761 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
18.33 |
21.53 |
18.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
19.91 |
16.95 |
20.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
36.53 |
4.13 |
6.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.71 |
0.86 |
1.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.42 |
0.34 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.68 |
0.65 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.32 |
1.49 |
1.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.97 |
0.67 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.23 |
1.41 |
1.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.87 |
3.58 |
2.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.05 |
1.34 |
0.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.20 |
2.50 |
2.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.58 |
6.63 |
5.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.56 |
1.71 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.82 |
0.89 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.38 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.66 |
6.43 |
6.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.56 |
1.71 |
1.38 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
84.381 |
84.381 |
84.381 |
|
Reserves & Surplus |
255.573 |
279.710 |
341.866 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
339.954 |
364.091 |
426.247 |
|
|
|
|
|
|
Long-term borrowings |
335.140 |
335.390 |
333.673 |
|
Short term borrowings |
122.266 |
157.976 |
165.014 |
|
Current maturities of
long-term debts |
63.124 |
49.218 |
63.461 |
|
Total
borrowings |
520.530 |
542.584 |
562.148 |
|
Debt/Equity
ratio |
1.531 |
1.490 |
1.319 |
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 |
2094.970 |
1802.680 |
2038.897 |
|
|
0.000 |
(13.952) |
13.104 |
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 |
2094.970 |
1802.680 |
2038.897 |
|
Profit/ (Loss) |
19.543 |
24.138 |
62.155 |
|
|
0.93
% |
1.34
% |
3.05
% |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL PERFORMANCE
WITH RESPECT TO OPERATIONAL PERFORMANCE
During the year, the Revenue from operations of the Company was INR 2045.422 million as against INR 1818.107 million in the previous year. The company has earned profit after tax of INR 62.155 million in the current year as compared to INR 24.137 million in the previous year.
INFORMATION ON STATE
OF COMPANY'S AFFAIRS
The Company is engaged in the manufacture of Polyester Yarn, Polyester Acrylic Yarn, Polyester Viscose Yarn, other yarns and trading of related goods.
CORPORATE INFORMATION
The company is a public limited company incorporated in India under the provisions of the Companies Act, 1956. The Company is engaged in the manufacturing and processing of polyester yarn, blended yarns and other textile goods.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from banks |
3.076 |
1.184 |
|
Loans and advances from others |
57.500 |
57.500 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
0.000 |
75.240 |
|
Loans and advances from related parties |
10.790 |
0.000 |
|
Total |
71.366 |
133.924 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G51680254 |
100048908 |
HDFC BANK LIMITED |
07/12/2015 |
04/07/2017 |
- |
250000000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
|
2 |
G56028673 |
10338197 |
Bank of India |
01/02/2012 |
07/09/2017 |
- |
943600000.0 |
579-R, IST FLOORMODEL TOWN
LUDHIANA-141002 PUNJAB INDIA |
|
3 |
G47907902 |
10572239 |
Axis Bank Limited |
16/04/2015 |
- |
05/07/2017 |
1709600.0 |
108, SURYA TOWERTHE MALL LUDHIANA
141001 PUNJAB INDIA |
|
4 |
G47614870 |
10571345 |
Axis Bank Limited |
03/04/2015 |
- |
04/07/2017 |
3940000.0 |
108, 2ND FLOOR, SURYA
TOWER,MALL ROAD,LUDHIANA-141001 PUNJAB INDIA |
|
5 |
B40626517 |
10086256 |
BANK OF INDIA |
16/01/2008 |
- |
09/05/2012 |
156000000.0 |
IND. AREA BRANCH,DHANDARI
KALAN LUDHIANA-141010 PUNJAB INDIA |
|
6 |
B40624504 |
10086258 |
BANK OF INDIA |
16/01/2008 |
- |
09/05/2012 |
1600000.0 |
IND. AREA BRANCH,DHANDARI
KALAN LUDHIANA-141010 PUNJAB INDIA |
|
7 |
B40614182 |
10117967 |
BANK OF INDIA |
14/07/2008 |
- |
09/05/2012 |
25000000.0 |
IND. AREA BRANCH,DHANDARI
KALAN LUDHIANA-141010 PUNJAB INDIA |
|
8 |
B40625832 |
10086259 |
BANK OF INDIA |
16/01/2008 |
- |
09/05/2012 |
60800000.0 |
IND. AREA BRANCH,DHANDARI KALAN
LUDHIANA-141010 PUNJAB INDIA |
|
9 |
B40613713 |
10086257 |
BANK OF INDIA |
16/01/2008 |
- |
09/05/2012 |
7800000.0 |
IND. AREA BRANCH,DHANDARI
KALAN LUDHIANA-141010 PUNJAB INDIA |
|
10 |
B40625162 |
10086254 |
BANK OF INDIA |
16/01/2008 |
24/11/2009 |
09/05/2012 |
140000000.0 |
IND. AREA BRANCH,IND. AREA
BRANCH, DHANDAR KALAN LUDHIANA-141010 PUNJAB INDIA |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- 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,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.