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|
MIRA INFORM REPORT
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Report No. : |
492207 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
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|
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|
Registered
Office : |
H.No.6-3-883/F/1, V Floor, Pothula Towers Annex, Beside Kalaniketan
Weddingmall, Begumpet, Panjagutta, Hyderabad – 500016, Telangana |
|
Tel. No.: |
91-40-23418445 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
01.12.1995 |
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Com. Reg. No.: |
36-022454 |
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Capital
Investment / Paid-up Capital : |
INR 36.080 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U14100TG1995PTC022454 |
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IEC No.: |
Not Available |
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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.] |
AADCS1378K |
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GSTIN/UIN : |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 2170000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. It is a processor of all kinds
of stones such as granites, marbles and cuddapah slabs. For the financial year 2017, the company has reported decline in its
revenue as compared to previous year but has managed to maintain average
profit margin of 4.75%. The satisfactory financial profile of the company is marked by
sufficient networth base and favourable gap between trade payables and trade
receivables along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by large working
capital requirement and exposure to risks related to foreign currency
fluctuations. Business is active. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: Subject has been found under RBI defaulter’s list, the name of
credit grantor is specified undertaking of ICICI Bank Limited of and the amount
charged is INR 138.600 Million dated 30.09.2009 and the same updated
information about the same is not available. |
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 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a defaulter
in the publicly available RBI Defaulters’ list and the details of the same are
as under :
Suit-filed accounts of INR 10.000 Million and above as on 16-Feb-2018
Borrower details
|
Borrower Name |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
|
Address |
POTHULA TOWERS ANNEX, 4TH FLOOR, H NO. 6-3-883/F/1, SOMAJIGUDA CIRCLE, HYDERABAD-500016, TELANGANA |
Name of Directors
Reported by Credit Grantors Filling the Suit:
|
Sr. No. |
Directors Reported
by Credit Grantors |
DIN Number |
|
ICICI BANK LIMITED |
||
|
1 |
POTHULA PREMA K |
|
|
2 |
POTHULA RAMARAO |
|
1st of Credit
Grantors to which SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED is a defaulter:
|
Names of Credit Grantors |
Branch |
Outstanding Amount (INR In Million) |
|
ICICI BANK LIMITED |
HYDERABAD |
138.600 |
Borrower Containing -
southern rocks and minerals private limited
|
Bank |
Branch |
Quarter |
Borrower Name |
Registered Address |
Director Name-Din
No. Detail |
Outstanding Amount
(INR In Million) |
|
ICICI BANK LIMITED |
HYDERABAD |
31.12.08 |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
POTHULA TOWERS ANNEX, 4TH FLOOR, H NO. 6-3-883/F/1, SOMAJIGUDA CIRCLE, HYDERABAD-500016 |
POTHULA RAMA RAO--NA, POTHULA PREM KUMARI--NA |
104.700 |
|
ICICI BANK LIMITED |
HYDERABAD |
31.03.09 |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
POTHULA TOWERS ANNEX,IV FLOOR, H NO:6-3-883/F/1, SOMAJIGUDA CIRCLE,HYDERABAD-500016 |
POTHULA RAMARAO--NA, POTHULA PREMA K--NA |
138.600 |
|
ICICI BANK LIMITED |
HYDERABAD |
30.06.09 |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
POTHULA TOWERS ANNEX,IV FLOOR, H NO:6-3-883/F/1, SOMAJIGUDA CIRCLE,HYDERABAD-500016 |
POTHULA PREMA K--NA, POTHULA RAMARAO--NA |
138.600 |
|
ICICI BANK LIMITED |
HYDERABAD |
30.09.09 |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
POTHULA TOWERS ANNEX,IV FLOOR, H NO:6-3-883/F/1, SOMAJIGUDA CIRCLE,HYDERABAD-500016 |
POTHULA RAMARAO--NA, POTHULA PREMA K--NA |
138.600 |
|
ICICI BANK LIMITED |
HYDERABAD |
31.12.09 |
SOUTHERN ROCKS AND MINERALS PRIVATE LIMITED |
POTHULA TOWERS ANNEX,IV FLOOR, H NO:6-3-883/F/1, SOMAJIGUDA CIRCLE,HYDERABAD-500016 |
POTHULA RAMARAO--NA, POTHULA PREMA K--NA |
138.600 |
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.
LOCATIONS
|
Registered Office : |
H.No.6-3-883/F/1, V Floor, Pothula Towers Annex, Beside Kalaniketan
Weddingmall, Begumpet, Panjagutta, Hyderabad – 500016, Telangana, India |
|
Tel. No.: |
91-40-23418445 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Adjacent to Industrial Estate, Kurnool Road, Ongole – 523002, Andhra
Pradesh, India |
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Tel. No.: |
91-8592-232588/ 231389 |
|
Fax No.: |
91-8592-231459 |
DIRECTORS
As on 31.03.2017
|
Name : |
Pothula Prema Kumari |
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Designation : |
Whole-time Director |
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Address : |
8-3-1102-2A/B, Lakshmi Nilayam F-101, Opposite Capri Towers, Srinagar Colony, Hyderabad – 500073, Telangana, India |
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Date of Birth/Age : |
26.04.1956 |
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Date of Appointment : |
01.04.2015 |
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DIN No.: |
01896409 |
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Other Directorship:
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Name : |
Mr. Ramarao Pothula |
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Designation : |
Director |
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Address : |
6-99A, Tangutur – 523274, Andhra Pradesh, India |
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Date of Appointment : |
01.12.1995 |
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DIN No.: |
01896433 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Pothula Ramarao |
311000 |
86.20 |
|
Pothula Prema Kumari |
9800 |
2.72 |
|
Rama Rao HUF |
40000 |
11.08 |
|
Total |
360800 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Bala Gangadhar and Company Chartered Accountants |
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Address : |
H.No:28-1-32, South Street, Ongole – 523001, Telangana, India |
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E-Mail : |
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Website : |
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Income-tax
PAN of auditor or auditor's firm : |
AACFB1946Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate : |
Southern Tropical Foods Private Limited (CIN No.:
U15400AP2013PTC091732) |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 100/- each |
INR 40.000 Million |
|
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360800 |
Equity Shares |
INR 100/- each |
INR 36.080
Million |
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|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
36.080 |
36.080 |
36.080 |
|
(b) Reserves & Surplus |
723.056 |
698.978 |
643.969 |
|
(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) |
759.136 |
735.058 |
680.049 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
63.053 |
36.371 |
39.085 |
|
(b) Deferred tax liabilities (Net) |
17.768 |
16.290 |
30.687 |
|
(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) |
80.821 |
52.661 |
69.772 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
173.946 |
141.703 |
72.759 |
|
(b) Trade
payables |
203.541 |
162.235 |
184.278 |
|
(c) Other
current liabilities |
130.262 |
40.730 |
115.984 |
|
(d) Short-term
provisions |
12.319 |
6.206 |
11.332 |
|
Total Current
Liabilities (4) |
520.068 |
350.874 |
384.353 |
|
|
|
|
|
|
TOTAL |
1360.025 |
1138.593 |
1134.174 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
514.775 |
339.697 |
362.917 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.415 |
25.544 |
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 |
104.995 |
99.500 |
88.500 |
|
(e) Other
Non-current assets |
13.312 |
9.898 |
7.508 |
|
Total Non-Current
Assets |
634.497 |
474.639 |
458.925 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
317.120 |
209.186 |
244.884 |
|
(c) Trade
receivables |
119.643 |
108.780 |
111.078 |
|
(d) Cash
and cash equivalents |
166.896 |
199.069 |
209.177 |
|
(e)
Short-term loans and advances |
55.256 |
84.594 |
63.977 |
|
(f) Other
current assets |
66.613 |
62.325 |
46.133 |
|
Total
Current Assets |
725.528 |
663.954 |
675.249 |
|
|
|
|
|
|
TOTAL |
1360.025 |
1138.593 |
1134.174 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
506.957 |
549.864 |
650.308 |
|
|
Other Income |
45.945 |
35.778 |
41.502 |
|
|
TOTAL |
552.902 |
585.642 |
691.810 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
133.807 |
78.882 |
153.379 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(96.134) |
33.679 |
(18.280) |
|
|
Employees benefits
expense |
54.741 |
48.196 |
49.292 |
|
|
Other expenses |
339.540 |
298.211 |
361.473 |
|
|
TOTAL |
431.954 |
458.968 |
545.864 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
120.948 |
126.674 |
145.946 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
32.309 |
28.305 |
23.326 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
88.639 |
98.369 |
122.620 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
64.464 |
67.064 |
88.909 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
24.175 |
31.305 |
33.711 |
|
|
|
|
|
|
|
Less |
TAX |
0.096 |
(23.704) |
10.519 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
24.079 |
55.009 |
23.192 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
467.049 |
450.327 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
46.34 |
83.33 |
76.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
23.340 |
38.513 |
113.399 |
|
Cash generated from operations |
154.564 |
21.416 |
NA |
|
Net cash flow from operating activity |
148.585 |
13.288 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
86.14 |
72.21 |
62.35 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.24 |
5.05 |
5.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
555.22 |
750.69 |
438.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.38 |
0.61 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.23 |
0.35 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.45 |
0.37 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.34 |
0.29 |
0.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.69 |
0.48 |
0.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.68 |
0.50 |
0.53 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.74 |
4.48 |
6.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.75 |
10.00 |
3.57 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.77 |
4.83 |
2.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.17 |
7.48 |
3.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.40 |
1.89 |
1.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.79 |
1.30 |
1.12 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.56 |
0.65 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.22 |
6.00 |
6.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.40 |
1.89 |
1.76 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
36.080 |
36.080 |
36.080 |
|
Reserves & Surplus |
643.969 |
698.978 |
723.056 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
680.049 |
735.058 |
759.136 |
|
|
|
|
|
|
long-term borrowings |
39.085 |
36.371 |
63.053 |
|
Short term borrowings |
72.759 |
141.703 |
173.946 |
|
Current Maturities of
Long term debt |
113.399 |
38.513 |
23.340 |
|
Total borrowings |
225.243 |
216.587 |
260.339 |
|
Debt/Equity ratio |
0.331 |
0.295 |
0.343 |
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 |
650.308 |
549.864 |
506.957 |
|
|
|
(15.446) |
(7.803) |
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 |
650.308 |
549.864 |
506.957 |
|
Profit/(Loss) |
23.192 |
55.009 |
24.079 |
|
|
3.57% |
10.00% |
4.75% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
36.080 |
36.080 |
|
(b) Reserves &
Surplus |
|
726.353 |
698.754 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
762.433 |
734.834 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
63.053 |
36.371 |
|
(b) Deferred tax
liabilities (Net) |
|
17.768 |
16.291 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
80.821 |
52.662 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
173.946 |
141.703 |
|
(b) Trade payables |
|
203.541 |
162.235 |
|
(c) Other current
liabilities |
|
130.262 |
40.730 |
|
(d) Short-term provisions |
|
12.319 |
6.206 |
|
Total Current Liabilities
(4) |
|
520.068 |
350.874 |
|
|
|
|
|
|
TOTAL |
|
1363.322 |
1138.370 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
514.775 |
339.697 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
1.415 |
25.544 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
108.292 |
99.277 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
13.312 |
9.898 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
637.794 |
474.416 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
317.120 |
209.186 |
|
(c) Trade receivables |
|
119.643 |
108.780 |
|
(d) Cash and cash
equivalents |
|
166.896 |
199.069 |
|
(e) Short-term loans and
advances |
|
55.256 |
84.594 |
|
(f) Other current assets |
|
66.613 |
62.325 |
|
Total Current Assets |
|
725.528 |
663.954 |
|
|
|
|
|
|
TOTAL |
|
1363.322 |
1138.370 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
506.957 |
549.864 |
|
|
Other Income |
|
45.945 |
35.778 |
|
|
TOTAL |
|
552.902 |
585.642 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
133.807 |
78.882 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(96.134) |
33.679 |
|
|
Employees benefits
expense |
|
54.741 |
48.196 |
|
|
Other expenses |
|
339.540 |
298.211 |
|
|
TOTAL |
|
431.954 |
458.968 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
120.948 |
126.674 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
32.309 |
28.305 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
88.639 |
98.369 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
64.464 |
67.064 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
24.175 |
31.305 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.096 |
-23.704 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FROM CONTNUING OPERATIONS |
|
24.079 |
55.009 |
|
|
|
|
|
|
|
Add |
ASSOCIATE COMPANY |
|
3.297 |
-0.223 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FOR THE
YEAR |
|
27.376 |
54.786 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
55.47 |
82.71 |
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 |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from “Prathima X Nadu Apartments, Flat No.204 Dwarakapuri Colony, Monohar Bhavan Panjagutta, Hyderabad – 500082, Telangana, India” to the present address w.e.f. 25.04.2007
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G70365382 |
100140421 |
Syndicate Bank |
22/03/2017 |
- |
- |
917000000.0 |
D.No: 3-166, Trunk Road Singarayakonda Singarayakonda ANDHRA PRADESH 523101 INDIA |
|
2 |
C65831513 |
10594267 |
HDFC BANK LIMITED |
04/09/2015 |
- |
- |
14580000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
C52984424 |
10568030 |
State Bank of India |
01/04/2015 |
- |
- |
260000000.0 |
Specialized Commercial Branch Kannavarithota Guntur TELANGANA 522004 INDIA |
|
4 |
B77554855 |
10432179 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
31/05/2013 |
- |
- |
1270000.0 |
One Forbes,Dr. V. B. Gandhi Marg, Fort Mumbai MAHARASHTRA 400001 INDIA |
|
5 |
A98804826 |
10249478 |
TATA CAPITAL LIMITED |
30/09/2010 |
- |
- |
13600000.0 |
ONE FORBESDR V B GANDHI MARG, FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
6 |
G14327142 |
90117406 |
State Bank of India |
04/11/1998 |
22/03/2016 |
- |
339800000.0 |
SME BRANCH, D.NO.58-8-16(4)B.M.APARTMENTS, SANTHAPATAONGOLEANDHRA PRADESH 523001 INDIA |
|
7 |
C32251100 |
10026960 |
DHANLAXMI BANK LIMITED |
13/10/2006 |
25/03/2008 |
07/11/2014 |
16500000.0 |
BANJARA HILLS BRANCH,TRENDSET TOWERS, 8-2-289/10,ROAD NO.2, BANJARA HILLS HYDERABAD TELANGANA 500034 INDIA |
|
8 |
B58008418 |
90117658 |
SUNDARAM FINANCE LTD. |
22/06/2001 |
- |
11/09/2012 |
5878600.0 |
NO.21 . PATULLOS ROAD CHENNAI TAMILNADU 600002 INDIA |
|
9 |
B58021171 |
90119426 |
SUNDARAM FINANCE LTD. |
29/09/2001 |
- |
11/09/2012 |
1773625.0 |
NO.21 . PATULLOS ROAD CHENNAI TAMILNADU 600002 INDIA |
|
10 |
B58001140 |
90119416 |
SUNDARAM FINANCE LTD. |
08/05/1998 |
- |
11/09/2012 |
322950.0 |
NO.21 . PATULLOS ROAD CHENNAI TAMILNADU 600002 INDIA |
FIXED ASSETS
- Land
- Office Building
- Machine Tools
- Office Equipment
- Plant and Machinery
- Solar Panel
- Vehicles
- Factory Shed
- Lab Equipment
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 63.90 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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.