|
|
|
MIRA
INFORM REPORT
|
Report No. : |
490380 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANMOL STAINLESS PRIVATE LIMITED (w.e.f.12.05.2011) |
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Formerly Known
As : |
ANMOL ENERGY PRIVATE LIMITED |
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Registered
Office : |
Crescent Tower, 6th Floor, 229, A.J.C. Bose Road, Kolkata – 700020, West
Bengal |
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Tel. No.: |
91-33-40052828 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
13.05.2010 |
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Com. Reg. No.: |
21-147684 |
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Capital
Investment / Paid-up Capital : |
INR 49.831 Million |
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CIN No.: [Company Identification
No.] |
U28998WB2010PTC147684 |
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IEC No.: |
0211012106 |
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GST No.: |
19AAICA5063G1ZM |
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TIN No.: |
19731288660 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAICA5063G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturer and Exporter of Steel and Steel Products. (Registered Activity and also Confirmed by Management) · Manufacturer of Stainless Steel, Tubes, Pipes, Coils and Sheets of various Grades and Sizes. (Registered Activity) |
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|
|
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No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a manufacturer and
exporter of steel and steel products. For the financial year 2017, the company achieved revenue growth of
40.99% as compared to the previous year but has reported a very low profit
margin. The moderate financial risk profile of the company is marked by
negative reserve base along with high debt balance sheet profile. Rating is further constrained on account of highly fragmented steel
industry. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings
with caution. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 08.02.2018.
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. Subhash Saraf |
|
Designation : |
General Manager in Commercial |
|
Contact No.: |
91-9836926611 |
|
Date : |
06.02.2018 |
LOCATIONS
|
Registered Office : |
Crescent Tower, 6th Floor, 229, A.J.C. Bose Road, Kolkata – 700020, West
Bengal, India |
|
Tel. No.: |
91-33-40052828/ 22801277 |
|
Mobile No.: |
91-9836926611 (Mr. Subhash Saraf) |
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Fax No.: |
91-33-22895006 |
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E-Mail : |
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Website: |
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Location: |
Owned |
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Factory : |
Kanajuli, P.S. Gurap, P.O. Gobrara, Durgapur Expressway, N.H.-2,
Hooghly-712305 , West Bengal, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Dilip Kumar Choudhary |
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Designation : |
Director |
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Address : |
37A, New Alipore, Block – B, Kolkata – 700053, West Bengal, India |
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Date of Appointment : |
13.04.2012 |
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DIN No.: |
00331211 |
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Other Directorship:
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Name : |
Mr. Ankit Choudhary |
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Designation : |
Director |
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Address : |
37A, New Alipore, Block – B, Kolkata – 700053, West Bengal, India |
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Date of Appointment : |
13.04.2012 |
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DIN No.: |
00332677 |
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Other Directorship:
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Name : |
Mr. Ashish Choudhary |
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Designation : |
Director |
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Address : |
37A, Block - B, New Alipore, Kolkata - 700053, West Bengal, India |
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Date of Birth/Age : |
10.09.1986 |
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Date of Appointment : |
13.05.2010 |
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DIN No.: |
02905949 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Subhash Saraf |
|
Designation : |
General Manager in Commercial |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Devesh Management Services Private Limited |
|
304375 |
|
Juhi Garment Suppliers Private Limited |
|
687500 |
|
Kavita Autopart Sales Private Limited |
|
975000 |
|
Anumati Consultancy and Services Private Limited |
|
93750 |
|
Baid Holdings Private Limited |
|
81250 |
|
Gangaur Properties Private Limited |
|
300000 |
|
J4F Nutriplus Private Limited |
|
84375 |
|
Monarch Shelter Private Limited |
|
275000 |
|
Satyam Financial Advisory Private Limited |
|
1531250 |
|
Zen Healthcare Products LLP |
|
125000 |
|
Anmol Projects Private Limited |
|
31250 |
|
Ashish Choudhary |
|
255000 |
|
Ankit Choudhary |
|
39375 |
|
Dilip Kumar Choudhary |
|
200000 |
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|
|
|
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Total |
|
4983125 |
AS ON: 26.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
9.92 |
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Promoters (Body corporate) |
70.20 |
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Public/Other than promoters (Bodies corporate) |
19.88 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Exporter of Steel and Steel Products. (Registered Activity and also Confirmed by Management) · Manufacturer of Stainless Steel, Tubes, Pipes, Coils and Sheets of Various Grades and Sizes. (Registered Activity) |
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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 : |
Nepal |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cheque and Credit (30 Days) |
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Purchasing : |
Cheque and Credit (30 Days) |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users and OEM’s
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No. of Employees : |
110 [Approximately] |
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Bankers : |
· Kotak Mahindra Bank Limited City Centre, 19, Synagogue Street, Kolkata - 700001, West Bengal, India · Yes Bank Limited Kolkata, Russel, West Bengal, India |
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Facilities : |
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Auditors : |
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Name : |
S. Poddar and Company Chartered Accountants |
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Address : |
2, Lal Bazar Street, 2nd Floor, Todi Chambers, Room No.-201-203, Kolkata
– 700001, West Bengal, India |
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Tel. No.: |
91-33-22314636/ 40053817 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AATFS2603N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· Anumati Consultancy and Services Private Limited · Gangaur Properties Private Limited · Monarch Shelter Private Limited · Raj Mandir Estates Private Limited · Jamboodweep Finance Private Limited · Juhi Garment Suppliers Private Limited · Baid Holdings Private Limited · Commercial Developers Private Limited · Devesh Management Services Private Limited · Satyam Financial Advisory Private Limited · Radhey Realtors Private Limited · Kavita Autopart Sales Private Limited · Jyotim Construction Private Limited · IKG Land Developers Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
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|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4983125 |
Equity Shares |
INR 10/- each |
INR 49.831
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 |
49.831 |
49.831 |
49.831 |
|
(b) Reserves & Surplus |
(35.807) |
(35.810) |
3.777 |
|
(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) |
14.024 |
14.021 |
53.608 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
265.549 |
291.188 |
294.211 |
|
(b) Deferred tax liabilities (Net) |
30.009 |
25.307 |
20.124 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
1.571 |
0.819 |
0.255 |
|
Total
Non-current Liabilities (3) |
297.129 |
317.314 |
314.590 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
102.565 |
94.155 |
51.715 |
|
(b)
Trade payables |
79.490 |
20.344 |
38.482 |
|
(c)
Other current liabilities |
57.834 |
58.624 |
41.091 |
|
(d)
Short-term provisions |
4.686 |
2.465 |
4.654 |
|
Total
Current Liabilities (4) |
244.575 |
175.588 |
135.942 |
|
|
|
|
|
|
TOTAL |
555.728 |
506.923 |
504.140 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
330.673 |
335.426 |
345.115 |
|
(ii)
Intangible Assets |
0.010 |
0.019 |
0.028 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.064 |
0.564 |
0.564 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
331.747 |
336.009 |
345.707 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
79.522 |
60.555 |
68.159 |
|
(c)
Trade receivables |
112.325 |
87.711 |
65.165 |
|
(d)
Cash and cash equivalents |
5.229 |
5.047 |
4.666 |
|
(e)
Short-term loans and advances |
23.970 |
15.957 |
19.242 |
|
(f)
Other current assets |
2.935 |
1.644 |
1.201 |
|
Total
Current Assets |
223.981 |
170.914 |
158.433 |
|
|
|
|
|
|
TOTAL |
555.728 |
506.923 |
504.140 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
491.977 |
436.158 |
286.337 |
|
|
|
Other Income |
3.648 |
9.626 |
3.091 |
|
|
|
TOTAL |
495.625 |
445.784 |
289.428 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
334.108 |
316.865 |
267.857 |
|
|
|
Purchases of Stock-in-Trade |
0.597 |
1.057 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(10.386) |
19.614 |
(29.764) |
|
|
|
Employees benefits expense |
20.777 |
12.915 |
9.900 |
|
|
|
Other expenses |
83.588 |
62.725 |
54.458 |
|
|
|
TOTAL |
428.684 |
413.176 |
302.451 |
|
|
|
|
|
|
|
|
|
P
PROFIT/(LOSS) ROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
66.941 |
32.608 |
(13.023) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
46.026 |
51.930 |
40.630 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.915 |
(19.322) |
(53.653) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.142 |
15.082 |
13.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX |
5.773 |
(34.404) |
(66.669) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.770 |
5.183 |
6.187 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX |
0.003 |
(39.587) |
(72.856) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.653 |
19.068 |
23.529 |
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
0.00 |
(7.94) |
(14.62) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
-From WBFC |
46.200 |
46.200 |
36.000 |
|
-From Kotak Bank Limited (Car Loan) |
0.000 |
0.000 |
0.000 |
|
-From ICICI Bank Limited (Car Loan) |
0.578 |
0.000 |
36.000 |
|
Total |
46.778 |
46.200 |
72.000 |
|
|
|
|
|
|
Cash generated from Operating Activities |
81.244 |
57.336 |
(31.233) |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
38.214 |
57.336 |
(31.233) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
83.33 |
73.40 |
83.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.38 |
4.97 |
4.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
86.68 |
23.36 |
52.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.84 |
0.54 |
-0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.20 |
0.10 |
-0.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.00 |
1.01 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
29.58 |
30.78 |
7.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
17.44 |
12.52 |
2.54 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
23.58 |
23.92 |
6.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.45 |
0.63 |
-0.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.00 |
(9.08) |
(25.44) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.00 |
(7.81) |
(14.45) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.02 |
(282.34) |
(135.91) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.92 |
0.97 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.59 |
0.63 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.03 |
0.03 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.33 |
8.66 |
7.67 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.92 |
0.97 |
1.17 |
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 |
49.831 |
49.831 |
49.831 |
|
Reserves & Surplus |
3.777 |
(35.810) |
(35.807) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
53.608 |
14.021 |
14.024 |
|
|
|
|
|
|
Long-term borrowings |
294.211 |
291.188 |
265.549 |
|
Short term borrowings |
51.715 |
94.155 |
102.565 |
|
Current Maturities of Long
term debt |
36.313 |
46.200 |
46.778 |
|
Total
borrowings |
382.239 |
431.543 |
414.892 |
|
Debt/Equity
ratio |
7.130 |
30.778 |
29.584 |
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 |
286.337 |
436.158 |
491.977 |
|
|
|
52.323 |
12.798 |
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 |
286.337 |
436.158 |
491.977 |
|
Profit/(Loss) |
(72.856) |
(39.587) |
0.003 |
|
|
(25.44%) |
(9.08%) |
0.00% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B77804730 |
10399944 |
HDFC BANK LIMITED |
22/01/2013 |
06/06/2013 |
- |
56000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
C05352612 |
90228000 |
STATE BANK OF
INDIA |
09/09/1987 |
24/04/1996 |
27/05/2014 |
20000000.0 |
CHURCHGATE
BRANCHBOMBAYMH400001IN |
|
3 |
C05355565 |
90229350 |
STATE BANK OF
INDIA |
26/05/1998 |
- |
27/05/2014 |
68000000.0 |
CHURCHGATE
BRANCHBOMBAYMH400001IN |
|
4 |
C05353891 |
90228105 |
STATE BANK OF
INDIA |
29/09/1988 |
- |
27/05/2014 |
4800000.0 |
CHURCHGATE
BRANCHBOMBAYMH400001IN |
|
5 |
C05356779 |
90230507 |
STATE BANK OF
INDIA |
09/09/1987 |
01/09/1999 |
27/05/2014 |
20000000.0 |
CHURCHGATE
BRANCHBOMBAYMH400020IN |
|
6 |
B68951177 |
10328175 |
STATE BANK OF
INDIA |
14/12/2011 |
14/12/2011 |
28/01/2013 |
31000000.0 |
SME BACKBAY
RECLAMATION BRACHMITTAL COURT, B-WING, NARIMAN POINT,MUMBAIMH400021IN |
|
7 |
Y10331916 |
90229125 |
STATE BANK OF
INDIA |
05/10/1996 |
- |
13/07/1998 |
57000000.0 |
CHURCHGATE
BRANCHBOMBAYMH400001IN |
|
8 |
Y10331016 |
90228225 |
STATE BANK OF
INDIA |
29/09/1989 |
16/07/1993 |
03/04/1996 |
4800000.0 |
CHURCHGATE
BRANCHM.K. ROADBOMBAYMH400020IN |
|
9 |
Y10333206 |
90230415 |
STATE BANK OF
INDIA |
13/02/1985 |
- |
03/04/1996 |
500000.0 |
CHURCHGATE
BRANCHBOMBAYMH400020IN |
|
10 |
Y10330088 |
90227297 |
STATE BANK OF
INDIA |
08/01/1972 |
- |
03/04/1996 |
340000.0 |
CHURCHGATE
BRANCHM.K. ROADBOMBAYMH400001IN |
CORPORATE
INFORMATION
The company is a private company having its registered office at 229,
A.J.C. Bose Road, Cresent Tower, 6th Floor, Kolkata – 700020. The company’s
manufacturing unit is located at Village-Kanajuli, P.O. Gurap, District:
Hoogly, West Bengal. The company was incorporated in the year 2010.
OVERVIEW OF THE
COMPANY
Anmol Stainless is a part of the diversified Anmol Group having its
presence in biscuits, cement, finance, oil and real estate. Anmol Stainless was
formed to manufacture stainless steel tubes, coils and sheets of various grades
and sizes. The company has set up a state of the art 7500 sq. ft. of modern
manufacturing facilities with the imported machinery, located near Kolkata,
west Bengal. They have an installed capacity of 3000 tonnes/ PM of CR coils and
sheets and to add value, they also set up 1000 tonnes/PM capacity and tubes of
various sizes and grades.
There aim is to always provide the best quality products with latest
technological innovations and work for total customer satisfaction. At Anmol
stainless come experience the difference and “EXPECT EXCELLENCE”.
FUTURE OUTLOOK
There is a huge potential in steel consumption in India. However, any
significant improvement in demand for steel products may take a little longer
and show up once investments in infrastructure and construction industries
start picking up. The company has set up economically viable productive assets
and is committed to its vision to achieve global excellence by providing
superior quality products and services to customers. The company is now focused
on improving efficiency and reducing raw material costs to improve margins.
Going forward, the company expects that revenues and margins from steel strips,
pipes and tubes segment shall drive the company forward.
FIXED ASSETS
· Plant and Machinery
· Vehicles
· Office and Electrical Equipment’s
· Computers and Accessories
· Furniture and Fixture
· 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 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
|
INR |
|
US Dollar |
1 |
INR 64.14 |
|
UK Pound |
1 |
INR 89.50 |
|
Euro |
1 |
INR 79.43 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
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.