|
|
|
MIRA INFORM REPORT
|
Report No. : |
492664 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRAKASH FERROUS INDUSTRIES PRIVATE LIMITED (w.e.f. 27.02.2009) |
|
|
|
|
Formerly Known
As : |
PRAKASH FERROUS INDUSTRIES (BANGALORE)
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 27/1, Urandur Village, Sri Kalahasti Mandal, Maddiledu
Post, Near Magali Village, Chittoor - 517644, Telangana |
|
Mobile No.: |
91-9760080088 (Mr. Pulkit Garg) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.12.2007 |
|
|
|
|
Com. Reg. No.: |
36-069060 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 56.568 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13209TG2007PTC069060 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP7094C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of TMT Bars. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is a manufacturer of TMT
bars. For the financial year 2017, the company has achieved top line growth
of 9.86% as compared to the previous year along with an average profit margin
of 2.39%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt balance sheet profile. Rating takes into consideration the subject’s favourable Earnings Per
Share of INR 14.22 against the Face Value of INR 10. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term borrowing = BB (Withdrawn) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
01.12.2017 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short term borrowing = A4+ (Withdrawn) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
01.12.2017 |
Reason for suspension: No objection certificate
received from bank
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 19.02.2018.
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 BY
|
Name : |
Mr. Pulkit Garg |
|
Designation : |
Director |
|
Contact No.: |
91-9760080088 |
|
Date : |
17.02.2018 |
LOCATIONS
|
Registered Office : |
Survey No. 27/1, Urandur Village, Sri Kalahasti Mandal, Maddiledu
Post, Near Magali Village, Chittoor - 517644, Telangana, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9760080088 (Mr. Pulkit Garg) |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administration Office : |
First Floor, 36, New Avadi Road, Kilpauk, (Above Yes Bank, Kilpauk Branch), Kilpauk Garden Colony, Kilpauk, Chennai-600010, Tamilnadu, India |
|
E-Mail : |
|
|
|
|
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Bangalore Office
and Yard : |
Survey No. 86, Dandupalya Village Kasba-Hubli, Malur, Hoskote, Bangalore Rural District – 562114, Karnataka, India |
|
|
|
|
Chennai Office and
Yard : |
Survey No. 460/3C, Nemalur Village, Gummidipoondi Taluk, Tiruvallur District, Nemalur-601202, Tamilnadu, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mukesh Kumar Garg |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-25, Kamla Nagar, Agra – 280005, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.04.1963 |
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|
Date of Appointment : |
26.12.2007 |
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PAN No.: |
ACHPG7838D |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00181875 |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rajesh Kumar Garg |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
41, Ring Road, Agra – 280004, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.1967 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00182027 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rakesh Kumar Garg |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
41, Ring Road, Agra – 280004, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.11.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00181968 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pramod Kumar Garg |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-25, Kamla Nagar, Agra – 280005, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1965 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACHPG7825N |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00182079 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jayesh Agarwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
46, 4th Cross Road, MKB Nagar, Chennai-600039, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00588087 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Harish Chandra Shailesh Agarwal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 46, 4th Cross Road, MKB Nagar, Chennai – 600039,
Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00588088 |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Harish Chandra Kalpesh Agarwal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 46, 4th Cross Road, MKB Nagar, Chennai – 600039,
Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00588096 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pulkit Garg |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-25, Kamla Nagar, Agra – 280005, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.07.1990 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.12.2007 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ARAPG1832B |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06626509 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Tarun Chakarvarti |
|
Designation : |
Company Secretary |
|
Address : |
A-3291/5, Gali No 5, SGM Nagar, Faridabad-121001, Haryana, India |
|
Date of Appointment : |
30.01.2018 |
|
PAN No.: |
AKOPC7480N |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
NOTE: LIST OF SHAREHOLDERS DETAILS FILE ATTACHED
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
53.64 |
|
Promoters - Bodies corporate |
45.39 |
|
Promoters – Others Trust |
0.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of TMT Bars. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Shashi and Company Chartered Accountants |
|
Address : |
48F/105, Puneet Vrindavan, Sanjay, Place, Agra, Uttar Pradesh, India |
|
PAN No.: |
AAUPA2477R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management personnel
and their relatives : |
CIN No.: U28920MH1982PTC029004
CIN No.: U29221UP1989PTC010989
CIN No.: U27105TN1999PTC042208
CIN No.: U27106TN2004PTC053555
CIN No.: U51909WB1982PLC035263 |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5656843 |
Equity Shares |
INR 10/- each |
INR 56.568 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
56.569 |
55.503 |
45.363 |
|
(b) Reserves &
Surplus |
677.139 |
574.057 |
447.945 |
|
(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) |
733.708 |
629.560 |
493.308 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
463.753 |
600.949 |
321.156 |
|
(b) Deferred tax liabilities
(Net) |
(17.002) |
13.726 |
3.782 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
446.751 |
614.675 |
324.938 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
403.378 |
430.113 |
424.995 |
|
(b) Trade payables |
201.427 |
111.168 |
279.332 |
|
(c) Other current
liabilities |
213.880 |
133.863 |
19.252 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
818.685 |
675.144 |
723.579 |
|
|
|
|
|
|
TOTAL |
1999.144 |
1919.379 |
1541.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1176.240 |
624.512 |
652.632 |
|
(ii) Intangible Assets |
0.086 |
0.096 |
0.999 |
|
(iii) Capital
work-in-progress |
0.000 |
533.952 |
55.080 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
40.678 |
15.670 |
9.525 |
|
Total Non-Current Assets |
1217.004 |
1174.230 |
718.236 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
355.534 |
152.105 |
160.813 |
|
(c) Trade receivables |
371.555 |
340.587 |
481.945 |
|
(d) Cash and cash equivalents |
35.520 |
67.447 |
36.622 |
|
(e) Short-term loans and
advances |
0.371 |
109.152 |
93.291 |
|
(f) Other current assets |
19.160 |
75.858 |
50.918 |
|
Total Current Assets |
782.140 |
745.149 |
823.589 |
|
|
|
|
|
|
TOTAL |
1999.144 |
1919.379 |
1541.825 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3352.781 |
3051.895 |
2777.525 |
|
|
Other Income |
3.283 |
3.112 |
44.286 |
|
|
TOTAL |
3356.064 |
3055.007 |
2821.811 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2206.100 |
1351.855 |
1179.536 |
|
|
Purchases of
Stock-in-Trade |
224.135 |
1408.649 |
1395.357 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.391) |
(37.500) |
(28.257) |
|
|
Employees benefits
expense |
40.329 |
23.368 |
22.091 |
|
|
Prior period items |
0.042 |
0.998 |
0.000 |
|
|
Other expenses |
614.743 |
138.286 |
89.803 |
|
|
TOTAL |
3079.958 |
2885.656 |
2658.530 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
276.106 |
169.351 |
163.281 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
145.060 |
100.981 |
95.688 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
131.046 |
68.370 |
67.593 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
68.964 |
36.609 |
37.433 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
62.082 |
31.761 |
30.160 |
|
|
|
|
|
|
|
Less |
TAX |
(18.111) |
13.696 |
6.659 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
80.193 |
18.065 |
23.501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.22 |
5.90 |
6.65 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
140.201 |
100.931 |
0.000 |
|
Net cash flows from (used in) operations |
362.879 |
356.524 |
61.455 |
|
Net cash flows from (used in) operating activities |
347.380 |
353.011 |
64.332 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
40.45 |
40.73 |
63.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
9.02 |
8.96 |
5.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
30.25 |
14.70 |
39.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.78 |
1.11 |
1.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.23 |
0.15 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.72 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.37 |
1.80 |
1.51 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.12 |
1.07 |
1.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.60 |
1.84 |
1.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.90 |
1.68 |
1.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
2.39 |
0.59 |
0.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.01 |
0.94 |
1.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.93 |
2.87 |
4.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.96 |
1.10 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.52 |
0.88 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.33 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
17.81 |
20.40 |
16.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.96 |
1.10 |
1.14 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
45.363 |
55.503 |
56.569 |
|
Reserves & Surplus |
447.945 |
574.057 |
677.139 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
493.308 |
629.560 |
733.708 |
|
|
|
|
|
|
long-term borrowings |
321.156 |
600.949 |
463.753 |
|
Short term borrowings |
424.995 |
430.113 |
403.378 |
|
Current Maturities of
Long term debt |
0.000 |
100.931 |
140.201 |
|
Total borrowings |
746.151 |
1131.993 |
1007.332 |
|
Debt/Equity ratio |
1.513 |
1.798 |
1.373 |
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 |
2777.525 |
3051.895 |
3352.781 |
|
|
|
9.878 |
9.859 |
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 |
2777.525 |
3051.895 |
3352.781 |
|
Profit |
23.501 |
18.065 |
80.193 |
|
|
0.85% |
0.59% |
2.39% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANIES
AFFAIR
During the year, the Company has achieved sales of INR 3352.800 million which is approximately 9.96% higher as compared to INR 3051.900 million in the previous year. The Directors continue to identify opportunities to leverage and introduce technology to improve their performance, be it in operations, people management, and knowledge management and to strengthen proactive stakeholder relations. The Company is endeavored to increase its turnover and profit. The company is successful in implementing an furnance division which results to increase in profits that can be seen in the next financial year .i.e. 2017-18. The Company -is looking forward for optimum utilization of its assets and other resources. The Company is also trying hard to optimize its quality, customer satisfaction and working capital management.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
71.716 |
0.000 |
|
Loans and advances from related parties |
0.000 |
61.639 |
|
Total |
71.716 |
61.639 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
C65337230 |
10592862 |
SBICAP TRUSTEE COMPANY LIMITED |
03/08/2015 |
18/09/2015 |
1434000000.0 |
202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
|
2 |
B69046001 |
10406651 |
STATE BANK OF INDIA (LEADER OF THE CONSORTIUM) |
02/01/2013 |
- |
700000000.0 |
MID Corporate Group, Industrial Finance Branch No.155, Anna Salai, Chennai-600002, Tamilnadu, India |
|
3 |
B69046076 |
10306161 |
STATE BANK OF INDIA (LEADER OF THE CONSORTIUM) |
17/08/2011 |
02/01/2013 |
1150000000.0 |
MID Corporate Group, Industrial Finance Branch No.155, Anna Salai, Chennai-600002, Tamilnadu, India |
|
4 |
B19094168 |
10302964 |
STATE BANK OF INDIA |
29/07/2011 |
- |
270000000.0 |
Industrial Finance Branch, 155 Anna Salai, Chennai-600002, Tamilnadu, India |
|
5 |
B19123751 |
10303028 |
INDIAN OVEARSEAS BANK |
29/07/2011 |
- |
180000000.0 |
Royapuram Branch 153/62-155/63, Mannarswamy Koil Street Royapuram, Chennai-600013, Tamilnadu, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
225.536 |
33.148 |
|
Total |
225.536 |
33.148 |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
· Computer software
- Brands and trade marks
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.