|
|
|
MIRA INFORM REPORT
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Report No. : |
491405 |
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Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
WELSPUN TRADINGS LIMITED (w.e.f. 13.03.2010) |
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|
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Formerly Known
As : |
WELSPUN TRADINGS PRIVATE LIMITED (w.e.f. 26.02.2010) SEAGULL GLOBAL TRADING PRIVATE LIMITED (w.e.f. 23.06.2006) NENOSYS TECHNO-HELP PRIVATE LIMITED |
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Registered
Office : |
Welspun City, Village Versamedi, Taluka Anjar, District Kutch – 370110,
Gujarat |
|
Tel. No.: |
91-2836-662079/ 662222 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
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Date of
Incorporation : |
09.05.2001 |
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Com. Reg. No.: |
04-039513 |
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Capital Investment
/ Paid-up Capital : |
INR 50.134 Million |
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CIN No.: [Company Identification
No.] |
U72200GJ2001PLC039513 |
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IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTW00193E |
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PAN No.: [Permanent Account No.] |
AAKCS0328J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading in Welded/ Steel Pipes. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Welspun Corp Limited” and was
incorporated in the year 2001. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but the documents related to the
financial for the year 2017 are not available from any sources. As per available financials of 2016, the company registered decrease
in its revenue from operation as compared to previous year and maintained
minimal profitability margin of 0.66%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and average debt balance sheet. Further, rating also reflects from strong managerial and financial
support received from its holding company, established track records of
business operation and market position. However, rating strength is partially offset by working capital
intensive operations and declined in the revenue as well as profitability
during the year. Trade relations are reported as fair. Business is active. Payments
terms are seem to be regular. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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
|
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
31-03-2016.
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 10.02.2018
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 DENIED
|
Name : |
Not Divulged |
|
Designation : |
Financial Department |
|
Contact No.: |
91-22-66136000 |
|
Date : |
09.02.2018 |
No Working (Tel No.: 91-2836-279071/ 74/ 41/ 44)
91-22-66136000 (Financial department management denied to part general information)
LOCATIONS
|
Registered Office : |
Welspun City, Village Versamedi, Taluka Anjar, District Kutch – 370110,
Gujarat, India |
|
Tel. No.: |
91-2836-662079/ 662222 |
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Fax No.: |
91-2836-279060 |
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E-Mail : |
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Website : |
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Head Office: |
Welspun House, 5th
Floor, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
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Tel. No.: |
91-22-66136000 |
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Fax No.: |
91-22-24908020 |
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|
|
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Overseas Office: |
Welspun Middle East Pipes Coating LLC, 2nd Ind City Dammamn, Kingdom of Saudi Arabia, PO Box 12943, Postal Code 31483 Tel : +966 3 812 1999 Fax : +966 3 812 1666
Welspun Tubular 9301, Frazier Pike Little Rock, Arkansas
72205, United States America |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ram Gopal Sharma |
|
Designation : |
Nominee Director |
|
Address : |
E-707, Lok Sarita Military Road, Off. Marol Maroshi Road, Andheri
(East), Mumbai – 400059, Maharashtra, India |
|
Date of Birth/Age : |
11.09.1940 |
|
Date of Appointment : |
29.05.2013 |
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PAN No.: |
AOQPS3114R |
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Qualification: |
B.Com and Masters in Economics |
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DIN No.: |
00026514 |
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|
|
|
Name : |
Mr. Raj Kumar Jain |
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Designation : |
Nominee Director |
|
Address : |
A/1601, Abrol Vastu, Evershine Nagar, Malad (West), Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
19.07.1956 |
|
Date of Appointment : |
24.09.2013 |
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PAN No.: |
ADWPJ7140B |
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Qualification: |
CA |
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DIN No.: |
00026544 |
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|
|
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Name : |
Mr. Viswanathan Hariharan Kollengode |
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Designation : |
Nominee Director |
|
Address : |
Flat No. 4, Kalyani Uttam Society, St. Anatomy Road, Chembur, Mumbai –
400071, Maharashtra, India |
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Date of Birth/Age : |
11.05.1962 |
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PAN No.: |
AAHPK4759M |
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Qualification: |
B.Com |
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Date of Appointment : |
13.12.2012 |
|
DIN No.: |
00391263 |
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|
|
|
Name : |
Revathy Ashok |
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Designation : |
Director |
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Address : |
139/6-2, Domlur Layout, Sharadamma Layout, Bangalore-560071, Karnataka, India |
|
Date of Appointment : |
03.05.2016 |
|
DIN No.: |
00057539 |
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|
|
|
Name : |
Mr. Krishnan Srinivasan |
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Designation : |
Whole Time Director |
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Address : |
Pavithra, 38.2, Sector - 6, Vashi, Navi Mumbai - 400703, Maharashtra,
India |
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Date of Birth/Age : |
17.07.1962 |
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Qualification : |
ACA,ACS,ACMA,B.COM |
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PAN No.: |
ABBPS3256L |
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Date of Appointment : |
07.03.2014 |
|
DIN No.: |
06829167 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Joshi |
|
Designation : |
Company Secretary |
|
Address : |
704, Saraswati Co-Operative Housing Society Limited, River
Park, Rawalpada, Daisar (East) Mumbai-400068, Maharashtra, India |
|
Date of Birth/Age : |
14.05.1973 |
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Date of Appointment : |
06.08.2014 |
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PAN No.: |
ADHPJ6528L |
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|
|
|
Name : |
JMJA and Associates LLP |
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Designation : |
Company Secretaries and Corporate Counselors |
|
Address : |
339-340, Building No.2, New Sonal Link Industrial Estate, Near Navnit Motors, Link Road, Malad (West), Mumbai-400 064, Maharashtra, India |
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Tel. No |
91-22-40109730 |
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Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Welspun Corp Limited, India |
|
5013396 |
|
Shashikant Thorat (Nominee of Welspun Corp Limited), India |
|
1 |
|
Devendra Patil (Nominee of Welspun Corp Limited), India |
|
1 |
|
Priya Pakhare (Nominee of Welspun Corp Limited), India |
|
1 |
|
Mohan Manikkan (Nominee of Welspun Corp Limited), India |
|
1 |
|
Pradeep Joshi (Nominee of Welspun Corp Limited), India |
|
1 |
|
Indu Daryani (Nominee of Welspun Corp Limited), India |
|
1 |
|
Total |
|
5013402 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Trading in Welded/ Steel Pipes. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
Price Waterhouse LLP Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai-400028, Maharashtra, India |
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PAN
No: |
AAFFP3698A |
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Secretarial Auditors : |
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Name : |
M. Siroya and Company Practicing Company Secretary |
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Address : |
A-103, Samved Building, (Madhukunj) Near Ekta Bhoomi Gardens, Rajendra
Nagar, Borivali (East), Mumbai – 400066, Maharashtra, India |
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PAN
No: |
ADSPS8327H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company |
Welspun Corp Limited
(L27100GJ1995PLC025609) |
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Subsidiary Company:
|
Welspun Middle East DMCC, United Arab Emirates |
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Fellow Subsidiary
company |
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|
Enterprises over
which any person described in (b) or (c) is able to exercise significant
influence and with whom transaction have taken place during the year |
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CAPITAL STRUCTURE
As on : 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5050000 |
Equity Shares |
INR 10/- each |
INR 50.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5013402 |
Equity Shares |
INR 10/- each |
INR 50.134 Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.134 |
50.134 |
50.134 |
|
(b) Reserves & Surplus |
521.949 |
481.815 |
385.846 |
|
(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) |
572.083 |
531.949 |
435.980 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.050 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.403 |
1.353 |
1.102 |
|
Total Non-current
Liabilities (3) |
1.403 |
1.353 |
1.152 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1865.873 |
0.000 |
2396.600 |
|
(b) Trade
payables |
997.044 |
5952.053 |
746.365 |
|
(c) Other
current liabilities |
2761.292 |
44.326 |
593.807 |
|
(d) Short-term
provisions |
40.914 |
15.340 |
8.062 |
|
Total Current
Liabilities (4) |
5665.123 |
6011.719 |
3744.834 |
|
|
|
|
|
|
TOTAL |
6238.609 |
6545.021 |
4181.966 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.137 |
2.590 |
2.945 |
|
(ii)
Intangible Assets |
0.010 |
0.016 |
0.022 |
|
(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 |
3.361 |
3.361 |
3.361 |
|
(c) Deferred tax assets (net) |
1.161 |
0.623 |
0.000 |
|
(d) Long-term Loan and Advances |
191.553 |
468.992 |
169.298 |
|
(e) Other
Non-current assets |
0.000 |
40.394 |
37.364 |
|
Total Non-Current
Assets |
198.222 |
515.976 |
212.990 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
180.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
26.997 |
264.045 |
|
(c) Trade
receivables |
251.856 |
4752.402 |
1552.501 |
|
(d) Cash
and cash equivalents |
3306.899 |
126.594 |
51.956 |
|
(e)
Short-term loans and advances |
2260.229 |
1109.525 |
2098.224 |
|
(f) Other
current assets |
41.403 |
13.527 |
2.250 |
|
Total
Current Assets |
6040.387 |
6029.045 |
3968.976 |
|
|
|
|
|
|
TOTAL |
6238.609 |
6545.021 |
4181.966 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
12386.287 |
26495.405 |
21386.107 |
|
|
Other Income |
136.829 |
14.493 |
277.860 |
|
|
TOTAL |
12523.116 |
26509.898 |
21663.967 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
10154.033 |
21716.434 |
18268.150 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
26.997 |
237.048 |
63.517 |
|
|
Employees benefits
expense |
49.082 |
42.085 |
52.338 |
|
|
CSR Expenditure |
2.231 |
1.635 |
0.000 |
|
|
Other expenses |
2045.506 |
4316.001 |
3009.513 |
|
|
TOTAL |
12277.849 |
26313.203 |
21393.518 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
245.267 |
196.695 |
270.449 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
120.321 |
68.692 |
162.338 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
124.946 |
128.003 |
108.111 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.473 |
0.466 |
0.583 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
124.473 |
127.537 |
107.528 |
|
|
|
|
|
|
|
Less |
TAX |
42.775 |
43.524 |
35.635 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
81.698 |
84.013 |
71.893 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
11812.178 |
25602.369 |
19593.401 |
|
|
TOTAL EARNINGS |
11812.178 |
25602.369 |
19593.401 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.30 |
16.76 |
14.34 |
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 |
(1695.124) |
2571.297 |
(2609.494) |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
((1742.555) |
2534.226 |
((2637.099) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
7.42 |
65.47 |
26.50 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
49.18 |
5.58 |
13.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
35.84 |
100.04 |
14.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
7.29 |
1.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
114.24 |
75.48 |
91.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.91 |
0.92 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.26 |
0.00 |
5.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
9.90 |
11.30 |
8.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.04 |
2.86 |
1.67 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.66 |
0.32 |
0.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.31 |
1.28 |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.28 |
15.79 |
16.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.07 |
1.00 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.07 |
1.00 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.09 |
0.08 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
37.22 |
0.00 |
47.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.07 |
1.00 |
1.06 |
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 |
50.134 |
50.134 |
50.134 |
|
Reserves & Surplus |
385.846 |
481.815 |
521.949 |
|
Net
worth |
435.980 |
531.949 |
572.083 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2396.600 |
0.000 |
1865.873 |
|
Total
borrowings |
2396.600 |
0.000 |
1865.873 |
|
Debt/Equity
ratio |
5.497 |
0.000 |
3.262 |
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 |
21386.107 |
26495.405 |
12386.287 |
|
|
|
23.891 |
(53.251) |
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 |
21386.107 |
26495.405 |
12386.287 |
|
Profit |
71.893 |
84.013 |
81.698 |
|
|
0.34% |
0.32% |
0.66% |
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 |
No |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE:
During the financial year standalone sales decreased in terms of value
by 53.25% and quantity by 49.19% compared to previous year. Standalone Profit
After Tax decreased by 2.76% compared to last year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Working Capital Loans from Banks |
1865.873 |
0.000 |
|
Total |
1865.873 |
0.000 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G57770513 |
100128983 |
Punjab National Bank |
25/09/2017 |
- |
- |
2380000000.0 |
Bhikaji Cama Place, New Delhi-110066, India |
|
2 |
C41111535 |
10544401 |
BANK OF BARODA |
13/01/2015 |
- |
- |
1750000000.0 |
CORPORATE FINANCIAL SERVICE BRANCH, 1st FLOOR, WALCHAND HIRACHAND MARG, MUMBAI-400001, Maharashtra, India |
|
3 |
C40525339 |
10452429 |
ALLAHABAD BANK |
21/09/2013 |
- |
13/01/2015 |
350000000.0 |
Industrial Finance Branch, Allahabad Bank Building, 2nd Floor, 37, M S Marg, Fort, Mumbai-400023, Maharashtra, India |
FIXED ASSETS
- Furniture and Fixture
- Vehicle
- Office equipment
- Computer Accessories
- 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 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 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.