|
|
|
MIRA INFORM REPORT
|
Report No. : |
506032 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
FABTECH PROJECTS AND ENGINEERS LIMITED (w.e.f. 25.02.2008) |
|
|
|
|
Formerly Known
As : |
FABTECH
PROJECTS AND ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J – 504 and 505, MIDC, Bhosari, Pune – 411026, |
|
Tel. No.: |
91-20-27474134 / 30614500 |
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|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
11.06.2002 |
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|
|
|
Com. Reg. No.: |
11-017050 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 741.150 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2002PLC017050 |
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|
|
|
IEC No.: [Import-Export Code No.] |
3105013792 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACF7903Q |
|
|
|
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TIN No.: |
27370280414 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACF7903Q1Z6 |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
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|
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No. of Employees
: |
1200 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2002. It is a provider of
engineering, procurement, construction services to the oil and gas, chemicals
and sugar industries. Management has failed to file its
financials with the registrar of companies for the FY 2017. For the financial year 2016, the company reported a dip in the revenue
by 17.9% but has maintained an average profit margin of 2.23%. The sound financial risk profile of the company is marked by adequate
networth base along with average debt coverage indicators due to modest debt
balance sheet profile. Payments seems to be regular. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 PARTED BY
|
Name : |
Mr. B R Naik |
|
Designation : |
Vice President |
|
Contact No.: |
91-20-30614500 |
|
Date : |
25.04.2018 |
LOCATIONS
|
Registered Office : |
J – 504 and 505, MIDC, Bhosari, Pune – 411026, |
|
Tel. No.: |
91-20-30614500 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1: |
Plot No. A 44/2, Chakan Industrial Area, Phase – 2, MIDC, Village
Vasoli, District Pune – 410501, |
|
|
|
|
Factory 2: |
Plot No. 1, 3, 4, Gat No. 272/273, Nanekarwadi, Chakan, District Pune
– 410501, |
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Tel. No.: |
91-2135-395482 / 563052/ 665901 to 25 |
|
Fax No.: |
91-2135-253833/ 286160 |
|
Location : |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ameet Rupnar Bira |
|
Designation : |
Managing Director |
|
Address : |
Plot No-80 National Housing Society Pune 411007 , |
|
Date of Appointment : |
05.07.2017 |
|
PAN No.: |
AWFPR0646A |
|
DIN No.: |
07868233 |
|
|
|
|
Name : |
Mr. Rajabahu Ananda Rupnar |
|
Designation : |
Managing Director |
|
Address : |
Premgeet, Sector No-149/2, Flat No. 21, Ajmera Complex, Pimpri, Pune –
411018, |
|
Date of Birth/Age : |
01.06.1966 |
|
Qualification : |
B.E. (Civil) |
|
Date of Appointment : |
01.07.2013 |
|
Experience : |
25 Years |
|
PAN No.: |
AAQPR3012H |
|
DIN No.: |
01727729 |
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|
|
|
Name : |
Mr. Bhausaheb Anandrao Rupanar |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 42, Pardeshi Nagar, Pandharpur – 413304, |
|
Date of Birth/Age : |
01.06.1957 |
|
Qualification : |
B. Sc (Agriculture) |
|
Date of Appointment : |
01.01.2008 |
|
Date of Cessation : |
11.12.2014 |
|
PAN No.: |
AAVPR8855M |
|
DIN No.: |
02370193 |
|
|
|
|
Name : |
Mr. Parameswaran Hariharan Nurani |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. 402, Blue Bell- 1, Sukhwani Campus, Opp. Vallabh Nagar bus
Stand, Pimpri, Pune - 411018, |
|
Date of Birth/Age : |
31.12.1946 |
|
Qualification : |
B.E. ( Mechanical) |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AAAPH6255J |
|
Experience : |
30 Years |
|
DIN No.: |
01727306 |
|
|
|
|
Name : |
Mrs. Manisha Sharad Chimbalkar |
|
Designation : |
Director |
|
Address : |
B1/502, Swapnanagri, Pimpri, Pune – 411018, |
|
Experience : |
15 Years |
|
Date of Birth/Age : |
14.02.1976 |
|
Qualification : |
B.E. ( Chemical) |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
ADBPC8684J |
|
DIN No.: |
01881691 |
|
|
|
|
Name : |
Mr. Dayanand Pundlik Thorat |
|
Designation : |
Director Technical |
|
Address : |
Jai Ganesh Samrajya, Panjarpol, Wing F 13, R. No. 204, Bhosari, Pune –
411087, |
|
Date of Birth/Age : |
12.01.1977 |
|
Qualification : |
B.E. (Mechanical) / B.Com |
|
Date of Appointment : |
30.09.2009 |
|
PAN No.: |
AEBPT3466J |
|
Experience : |
15 Years |
|
DIN No.: |
02647227 |
|
|
|
|
Name : |
Mr. Sampat Shivaji Gawade |
|
Designation : |
Director |
|
Address : |
N/04, First Floor, Vishal Garden, Shikrapur Road, Chakan Khed, Pune –
412301, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1970 |
|
Qualification : |
B.E. (Mech) |
|
Date of Appointment : |
30.09.2011 |
|
Experience : |
15 Years |
|
PAN No.: |
ABLPG7450N |
|
DIN No.: |
02671275 |
|
|
|
|
Name : |
Ms. Shubhangi Hanumant Kokare |
|
Designation : |
Additional Director |
|
Address : |
C-1, Amit Apartment, Mohamad Wadi Road, Harshad Apartment, Ganesh Vihar, Hadapsar, Pune – 411028, Maharashtra, India |
|
Date of Appointment : |
23.10.2015 |
|
PAN No.: |
07302927 |
|
|
|
|
Name : |
Mr. Deepak Bhanudas Rupnar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Appointment : |
19.09.2017 |
|
DIN No.: |
07942265 |
KEY EXECUTIVES
|
Name : |
Mr. Nitin Siddheshwar Metkari |
|
Designation : |
Company Secretary |
|
Address : |
21/162 , Laxmi Nagar, Parvati, Pune – 411009, |
|
Date of Appointment : |
15.02.2016 |
|
PAN No.: |
BNXPM1394N |
|
|
|
|
Name : |
Mr. Ameet Bira Rupnar |
|
Designation : |
Chief Financial Officer |
|
Address : |
PL No. 80, SNI 118 To 124 National Society, Aundh, Pune –
411007, |
|
Date of Appointment : |
01.10.2014 |
|
PAN No.: |
AWFPR0646A |
|
|
|
|
Name : |
Mr. B R Naik |
|
Designation : |
Vice President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Bira Ananda Rupnar |
|
56238437 |
|
Rajabhau Ananda Rupnar |
|
10576187 |
|
N P Hariharan |
|
62005 |
|
Manisha Chimbalkar |
|
62005 |
|
D P Thorat |
|
62005 |
|
S |
|
62005 |
|
Steel Vision India Private Limited |
|
4580000 |
|
Sparkon Engineers |
|
1666076 |
|
Neelvarna B Rupnar |
|
806269 |
|
Total |
|
74114989 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family- Indian) |
91.24 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
2.58 |
|
Public/Other than promoters (Body corporate) |
6.18 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit (30/60 Days) |
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Purchasing : |
L/C, Cash and Credit (30//60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
1200 (Approximately) |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
R. M. Rajapurkar
and
Company Chartered Accountants |
|
Address : |
1 – Regent Avenue, Sambhaji Chowk, Pradhikaran, Nigdi, Pune – 411044, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFR3873N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Subsidiary |
|
|
|
|
|
Associate |
Parineetta Resorts Private Limited (CIN No.: U55101PN2010PTC137961) |
|
|
|
|
Enterprises, over
which any person described in able to exercise significant influence : |
|
CAPITAL STRUCTURE
As on 29.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
INR 10/- each |
INR 750.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74114989 |
Equity Shares |
INR 10/- each |
INR 741.150
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
741.150 |
681.933 |
681.933 |
|
(b) Reserves & Surplus |
1619.107 |
1423.910 |
1360.962 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
68.000 |
|
Total Shareholders’ Funds
(1) + (2) |
2360.257 |
2105.843 |
2110.895 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
3481.368 |
732.302 |
1007.855 |
|
(b) Deferred tax
liabilities (Net) |
140.260 |
161.359 |
122.112 |
|
(c) Other long term
liabilities |
72.270 |
2166.275 |
2214.511 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
3693.898 |
3059.936 |
3344.478 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2872.910 |
2336.755 |
1952.023 |
|
(b) Trade payables |
1117.969 |
1809.427 |
1761.649 |
|
(c) Other current
liabilities |
205.700 |
315.766 |
559.602 |
|
(d) Short-term provisions |
74.592 |
59.626 |
43.212 |
|
Total Current Liabilities
(4) |
4271.171 |
4521.574 |
4316.486 |
|
|
|
|
|
|
TOTAL |
10325.326 |
9687.353 |
9771.859 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2625.594 |
2871.386 |
3092.619 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
19.075 |
19.922 |
19.884 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
289.945 |
646.195 |
169.506 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
438.349 |
328.363 |
467.909 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
1.846 |
|
Total Non-Current Assets |
3372.963 |
3865.866 |
3751.764 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
25.849 |
23.349 |
100.298 |
|
(b) Inventories |
3389.393 |
2596.190 |
2306.354 |
|
(c) Trade receivables |
2094.565 |
1778.215 |
2014.695 |
|
(d) Cash and cash
equivalents |
868.802 |
821.995 |
887.524 |
|
(e) Short-term loans and
advances |
296.415 |
253.824 |
373.499 |
|
(f) Other current assets |
277.339 |
347.914 |
337.725 |
|
Total Current Assets |
6952.363 |
5821.487 |
6020.095 |
|
|
|
|
|
|
TOTAL |
10325.326 |
9687.353 |
9771.859 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
5864.587 |
7144.313 |
6765.638 |
|
|
Other Income |
84.740 |
90.001 |
103.178 |
|
|
TOTAL |
5949.327 |
7234.314 |
6868.816 |
|
|
|
(Due to market
fluctuation) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2885.803 |
3725.997 |
3869.694 |
|
|
Employees benefits
expense |
527.839 |
416.586 |
391.782 |
|
|
Other expenses |
1576.075 |
1969.904 |
1555.205 |
|
|
CSR expenditure |
4.500 |
6.000 |
0.000 |
|
|
TOTAL |
4994.217 |
6118.487 |
5816.681 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
955.110 |
1115.827 |
1052.135 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
581.798 |
697.161 |
584.872 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
373.312 |
418.666 |
467.263 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
209.973 |
253.673 |
268.622 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
163.339 |
164.993 |
198.641 |
|
|
|
|
|
|
|
Less |
TAX |
32.474 |
99.654 |
67.371 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
130.865 |
65.339 |
131.270 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
74.504 |
128.948 |
79.133 |
|
|
Capital Goods |
0.000 |
0.000 |
13.111 |
|
|
TOTAL IMPORTS |
74.504 |
128.948 |
92.244 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.86 |
0.96 |
1.92 |
|
Particulars |
|
31.03.2018 |
31.03.2017 |
|
Sales Turnover (Approximately) |
|
5500.000 |
6000.000 |
|
|
|
(Due to market
fluctuation) |
|
The above information has been parted by Mr. B R Naik (Vice President)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(1088.371) |
1066.175 |
218.321 |
|
Net cash flow from operating activity |
(1088.371) |
1066.175 |
218.321 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
130.36 |
90.85 |
108.69 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.80 |
4.02 |
3.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
141.40 |
177.25 |
166.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.43 |
0.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.36 |
0.39 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.54 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.69 |
1.46 |
1.40 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.81 |
2.15 |
2.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.12 |
1.37 |
1.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.64 |
1.60 |
1.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
% |
2.23 |
0.91 |
1.94 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets) * 100] |
% |
1.27 |
0.67 |
1.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth) * 100] |
% |
5.54 |
3.10 |
6.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.63 |
1.29 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.83 |
0.71 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.22 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.57 |
4.50 |
4.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.63 |
1.29 |
1.39 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
681.933 |
681.933 |
741.150 |
|
Reserves & Surplus |
1360.962 |
1423.910 |
1619.107 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
68.000 |
0.000 |
0.000 |
|
Net worth |
2110.895 |
2105.843 |
2360.257 |
|
|
|
|
|
|
long-term borrowings |
1007.855 |
732.302 |
3481.368 |
|
Short term borrowings |
1952.023 |
2336.755 |
2872.910 |
|
Total borrowings |
2959.878 |
3069.057 |
6354.278 |
|
Debt/Equity ratio |
1.402 |
1.457 |
2.692 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
6765.638 |
7144.313 |
5864.587 |
|
|
|
5.597 |
(17.913) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
6765.638 |
7144.313 |
5864.587 |
|
Profit |
131.270 |
65.339 |
130.865 |
|
|
1.94% |
0.91% |
2.23% |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
741.150 |
681.933 |
|
(b) Reserves &
Surplus |
|
1486.665 |
1427.077 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
16.640 |
|
Minority Interest |
|
369.384 |
14.407 |
|
Total Shareholders’ Funds
(1) + (2) |
|
2597.199 |
2140.057 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4780.990 |
2267.671 |
|
(b) Deferred tax
liabilities (Net) |
|
138.968 |
163.980 |
|
(c) Other long term
liabilities |
|
2842.335 |
4052.513 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
7762.293 |
6484.164 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3297.484 |
2826.245 |
|
(b) Trade payables |
|
1219.365 |
2363.454 |
|
(c) Other current
liabilities |
|
77.518 |
62.581 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
4594.367 |
5252.280 |
|
|
|
|
|
|
TOTAL |
|
14953.859 |
13876.501 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5483.092 |
5394.129 |
|
(ii) Intangible Assets |
|
81.470 |
81.470 |
|
(iii) Capital
work-in-progress |
|
745.392 |
947.823 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
13.742 |
6.413 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
438.349 |
328.363 |
|
(e) Other Non-current
assets |
|
18.840 |
20.696 |
|
Total Non-Current Assets |
|
6780.885 |
6778.894 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
25.849 |
23.349 |
|
(b) Inventories |
|
4458.518 |
3730.854 |
|
(c) Trade receivables |
|
1749.567 |
1431.403 |
|
(d) Cash and cash
equivalents |
|
968.079 |
961.277 |
|
(e) Short-term loans and
advances |
|
690.238 |
602.231 |
|
(f) Other current assets |
|
280.723 |
348.493 |
|
Total Current Assets |
|
8172.974 |
7097.607 |
|
|
|
|
|
|
TOTAL |
|
14953.859 |
13876.501 |
PROFIT
& LOSS ACCOUNT - CONSOLIDATED
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
7779.553 |
8554.002 |
|
|
Other Income |
|
97.217 |
65.107 |
|
|
TOTAL |
|
7876.770 |
8619.109 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
4403.715 |
4703.687 |
|
|
Employees benefits
expense |
|
584.876 |
484.016 |
|
|
Other expenses |
|
1771.584 |
2033.929 |
|
|
CSR Expenditure |
|
4.500 |
6.000 |
|
|
TOTAL |
|
6764.675 |
7227.632 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
1112.095 |
1391.477 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
738.492 |
872.491 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
373.603 |
518.986 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
371.048 |
351.967 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
2.555 |
167.019 |
|
|
|
|
|
|
|
Less |
TAX |
|
28.562 |
100.137 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD BEFORE MINORITY INTEREST |
|
(26.007) |
66.882 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) OF
MINORITY INTEREST |
|
18.068 |
(3.595) |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
|
(7.939) |
63.287 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(0.11) |
0.93 |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
MATERIAL CHANGES
AFTER CLOSE OF FINANCIAL YEAR:
There are no significant changes between closure of the financial year ended on 31st March 2016 and the date of this report in respect of company’s financial position profitability turnover new business activity suspension of any business activity foreign collaborations joint ventures etc.
FUTURE OUTLOOK:
Secondary Tank Farm (STF) at Oil India Limited – Duliajan:
They have been expected to be awarded by Oil India Limited (OIL) on Lumpsum Turnkey basis of worth of Rs 433 Cr for Constructing Secondary Tank Farm (STF) at Duliajan. Other than storage tanks, the facility includes numerous mechanical packages, fire protection system, plant piping, process packages, pumps and dosing systems, complete civil, electrical, instrumentation works and plant commissioning with PGTR. Duration of the project is 24 months.
Mounded Bullets for bulk storage of LPG for various location of IOCL and BPCL :
They are market leader in mounded bullet projects in India, also coated for orders worth Rs209 Cr in 5 orders for setting up bulk LPG storage facilities. It will be expected to received order worth INR 600.000 Million from Numaligarh Refineries Limited, Assam for setting up 4 x 1000 MT storage facility, order worth INR 370.000 Million from BPCL for setting up 3 x 1450 MT storage facility at Palghat and order worth INR 150.000 Million from IOCL for setting up 3 x 600 MT storage facility at Gurgaon, order worth INR 280.000 Million from IOCL for setting up 3 x 600 MT storage facility at Gorakhapur and order worth INR 690.000 Million from BPCL for setting up 14 x 300 MT and 1 x 600 Mounded storage facility at BPCL various locations in India.
LPG Storage and Dispatch Facilities and Offsite and Utilities at IOCL Bongaigaon Refinery :
They are in hope of receiving project by India Oil Corporation Limited (IOCL) from the IOCL Bongaigaon Refinery it is the eighth largest refinery of Indian Oil located at Dhaligaon in Chirang district of Assam, 200 km west of Guwahati for the work of Residual Process Engineering, Hazop Study with participation by tkIS India [Formerly UIPL] / IOCL, Detailed Engineering, Project Management, Total Procurement, Fabrication, Manufacturing, Quality Assurance, Inspection and Expediting, Third Party Inspection, Supplies, Transportation, Insurance, Handling and Storage of all Equipment, Materials, items and other Construction Materials, Construction Management and Supervision, Assembly and Erection, Construction and Installation, Installation of Tie-in points of Piping, Instrumentation, Electrical, Testing, Insulation, Painting, Obtaining all Statutory Approvals, Pre-commissioning and Mechanical Completion of Plant, Start-up, Commissioning and Performance Guarantee Test Runs of LPG Storage and Despatch Facilities and Offsite and Utilities and handing over the entire LPG Storage and Despatch Facilities and Offsite and Utilities including spares with Final and “As Built” documentation to IOCL on single point responsibility basis (Lump Sum Turn Key –LSTK- Basis), of worth of INR 3190.000 Million Duration of the project is 24 months.
Rath Chakra Polypropylene Project for Indian Oil Corporation Limited IOCL Paradip refinery:
Again they have expecting the order from China Kunlun Contracting and Engineering Corporation for same location of IOCL Paradip refinery at Paradip, Odisha, worth of INR 710.000 Million for the work of Mechanical Work including Piping fabrication, Erection, Painting, Insulation, Water proofing, Water supply, Drain work, Testing, Pre-commissioning, commissioning for IW-01 and IW-02.
Fabtech is also bedded for orders amounting to INR 39000.000 Million out of which around 30% orders have been awarded to us.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G70178637 |
100140035 |
SREI EQUIPMENT FINANCE LIMITED |
15/10/2017 |
- |
- |
3929400.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATA-700046 WEST BENGAL INDIA |
|
2 |
G70179353 |
100140036 |
SREI EQUIPMENT FINANCE LIMITED |
15/10/2017 |
- |
- |
5368960.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATA-700046 WEST BENGAL INDIA |
|
3 |
G70442371 |
100140549 |
SREI EQUIPMENT FINANCE LIMITED |
15/10/2017 |
- |
- |
3823200.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATA-700046 WEST BENGAL INDIA |
|
4 |
G49234354 |
100112321 |
SREI EQUIPMENT FINANCE LIMITED |
05/07/2017 |
- |
- |
2735066.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATA-700046 WEST BENGAL INDIA |
|
5 |
G62968904 |
100092427 |
State Bank of India |
03/03/2017 |
03/03/2017 |
- |
200000000.0 |
INDUSTRIAL FINANCE BRANCHTARA CHAMBERS PUNE-411003 MAHARASHTRA INDIA |
|
6 |
G02543510 |
100023591 |
Solapur Janta Sahakari Bank Ltd. |
15/03/2016 |
- |
- |
120000000.0 |
206/8, PIMPRI STATION ROADOPP KRUP INDUSTRIES, PIMPRI PUNE-411018 MAHARASHTRA INDIA |
|
7 |
G05289483 |
100031581 |
SOLAPUR JANATA SAHKARI BANK LIMITED |
19/01/2016 |
- |
- |
30000000.0 |
NAGAR PARISHAD COMPLEXSHIVAJI CHOWKSANGOLA -413307 |
|
8 |
C62252838 |
10587218 |
SBI GLOBAL FACTORS LIMITED |
21/08/2015 |
- |
- |
350000000.0 |
6TH FLOOR, METROPOLITAN BUILDING, BANDRA-KURLACOMPLEX, BANDRA(EAST) MUMBAI-400051 MAHARASHTRA INDIA |
|
9 |
C40903916 |
10544022 |
Axis Bank Limited |
24/12/2014 |
- |
- |
1005000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGE AHMEDABAD-380006 GUJARAT INDIA |
|
10 |
B89003297 |
10458817 |
BANK OF INDIA |
16/10/2013 |
- |
- |
94987200.0 |
HONK KONG BRANCH, HONG KONG.HONG KONGNA999077HK |
FIXED ASSETS
- Buildings
- Office building
- Factory building
- Plant and equipment
- Factory equipment’s
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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 : |
PRI |
|
|
|
|
Analysis Done by
: |
PRT |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.