|
|
|
MIRA INFORM REPORT
|
Report No. : |
493231 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JINDAL MECTEC PRIVATE LIMITED (w.e.f. 10.06.2006) |
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|
|
|
Formerly Known
As : |
JINDAL MECTECNO PRIVATE LIMITED (w.e.f. 30.10.2003) K.J. POLYMER PRIVATE LIMITED |
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Registered
Office : |
B-29, Sanjay Market, PKT 3, Sector 2, Rohini, New Delhi – 110 085 |
|
Tel. No.: |
91-11-27512283/ 84 |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
03.11.1993 |
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|
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Com. Reg. No.: |
55-055919 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 24.324 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC055919 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK1091J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is engaged
in Manufacturing of PUF/Building Panel, Sheet Profiling and Trading of Steel and
Structures And Mining Business and Company also take Works Contract. [Registered Activity] |
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|
|
|
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 : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1993 and it
is having satisfactory track records. It is engaged in the business of Manufacturing of PUF/Building Panel, Sheet
Profiling and Trading of Steel and Structures And Mining Business and Company
also take Works Contract. Management of the company has not filed its financials of 2017 with
government department. For the financial year 2016, the company has
increased its revenue from operations as compared to previous year and
maintained minimal profitability margin of 3.71%. Rating takes into consideration sound financial
profile of the company marked by adequate networth base and average debt
balance sheet. Further, rating also reflects from its extensive
experience of promoters in the business operations and improvement in the
revenue as well as profitability profile during the year. However, rating strength is partially offset by
volatility in raw material prices along with working capital intensive nature
of operation and intense competition from industry. Trade relations are reported as fair. Business is
active. Payments terms are 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 |
BRICKWORK |
|
Rating |
Long term rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
16.01.2018 |
|
Rating Agency Name |
BRICKWORK |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
16.01.2018 |
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 20.02.2018
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. S K Sharma |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9891909073 |
|
Date : |
20.03.2017 |
91-11-27512283 (Ringing)
91-11-27512284 – not working
LOCATIONS
|
Registered Office : |
B-29, Sanjay Market, PKT 3, Sector 2, Rohini, New Delhi – 110 085,
India |
|
Tel. No.: |
91-11-27512283/ 84 |
|
Mobile No.: |
91-9891909073 (Mr. S.K. Sharma) |
|
Fax No.: |
91-11-27513541 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
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|
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Head Office/ Factory 1/ CMO : |
Old |
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Tel. No.: |
91-124-4086401/ 2/ 3/ 4393200 |
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Fax No.: |
91-124-4030807 |
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E-Mail : |
|
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Factory 2 : |
Village-Souri, Swarghat Road, Tehsil Nalagarh, Baddi, District Solan –
174 101, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-220819/820 |
|
Fax No.: |
91-1795-220818 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pawan Jindal |
||||||||||||||||
|
Designation : |
Director |
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Address : |
H. No.704, Sector-15, Part-II, Gurugram – 122 002, Haryana, India. |
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Date of Birth/Age : |
03.01.1952 |
||||||||||||||||
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Date of Appointment : |
11.08.2015 |
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DIN No.: |
00159997 |
||||||||||||||||
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PAN No.: |
AALPJ7460J |
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Other Directorship :
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|
||||||||||||||||
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Name : |
Mr. Shiv Kumar Sharma |
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Designation : |
Director |
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|
Address : |
3A/606, Rang Rasayan, Sector-13, Rohini, New Delhi – 110 085, India |
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Date of Birth/Age : |
29.04.1963 |
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Date of Appointment : |
02.11.1997 |
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DIN No.: |
00160089 |
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Other Directorship :
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|
||||||||||||||||
|
Name : |
Mr. Gaurav Jindal |
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Designation : |
Director |
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|
Address : |
H No.704, Sector-15, Part-II, Gurugram – 122 002, Haryana, India |
||||||||||||||||
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Date of Birth/Age : |
27.09.1988 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
01606125 |
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Other Directorship :
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|
||||||||||||||||
|
Name : |
Mr. Saurabh Jindal |
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Designation : |
Managing Director |
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|
Address : |
H No.704, Sector-15, Part-II, Gurugram – 122 002, Haryana, India |
||||||||||||||||
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Date of Birth/Age : |
05.06.1982 |
||||||||||||||||
|
Date of Appointment : |
11.08.2015 |
||||||||||||||||
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DIN No.: |
00160281 |
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Other Directorship :
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. S K Sharma |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Jindal |
|
419450 |
|
Meena Jindal |
|
98948 |
|
Saurabh Jindal |
|
438100 |
|
PALLAK Minda Jindal |
|
4149 |
|
Gaurav Jindal |
|
389260 |
|
Risha Jindal |
|
4149 |
|
Jindal Jyoti Prefab Private Limited, India |
|
745228 |
|
Jindal Finlease Private Limited, India |
|
183000 |
|
Sarvpriya Agro Private Limited, India |
|
150000 |
|
Daya Engineering Works Poles Private Limited, India |
|
100 |
|
Total
|
|
2432384 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
55.67 |
|
Promoters- Body corporate |
44.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of PUF/Building Panel, Sheet Profiling and
Trading of Steel and Structures And Mining Business and Company also take
Works Contract. [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 : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Goyal Mahajan and Associates Chartered Accountants |
|
Address : |
SCF-50, 1st Floor, Leela Bhawan, Patiala – 147 001, Punjab,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG7375A |
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2432384 |
Equity Shares |
INR 10/- each |
INR 24.324 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 |
24.324 |
22.664 |
21.181 |
|
(b) Reserves and Surplus |
658.380 |
525.076 |
429.629 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
49.900 |
|
Total
Shareholders’ Funds (1) + (2) |
682.704 |
547.740 |
500.710 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
612.987 |
347.575 |
327.828 |
|
(b) Deferred tax liabilities (Net) |
15.997 |
18.677 |
21.710 |
|
(c) Other long-term
liabilities |
10.554 |
40.032 |
8.712 |
|
(d) long-term
provisions |
8.917 |
7.186 |
5.784 |
|
Total Non-current
Liabilities (3) |
648.455 |
413.470 |
364.034 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
489.594 |
448.760 |
415.653 |
|
(b) Trade
payables |
603.844 |
451.820 |
413.320 |
|
(c) Other
current liabilities |
207.999 |
185.870 |
200.503 |
|
(d) Short-term
provisions |
0.969 |
3.466 |
5.674 |
|
Total Current
Liabilities (4) |
1302.406 |
1089.916 |
1035.150 |
|
|
|
|
|
|
TOTAL |
2633.565 |
2051.126 |
1899.894 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
358.271 |
503.911 |
489.619 |
|
(ii) Intangible
Assets |
1.543 |
0.627 |
0.316 |
|
(iii) Tangible assets
capital work-in-progress |
438.195 |
15.189 |
15.189 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.501 |
0.591 |
0.591 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
35.832 |
33.891 |
58.309 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
838.342 |
554.209 |
564.024 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
788.951 |
770.466 |
764.802 |
|
(c) Trade
receivables |
682.603 |
579.420 |
445.873 |
|
(d) Cash and
bank balances |
64.016 |
54.351 |
46.408 |
|
(e) Short-term
loans and advances |
259.653 |
92.680 |
78.787 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1795.223 |
1496.917 |
1335.870 |
|
|
|
|
|
|
TOTAL |
2633.565 |
2051.126 |
1899.894 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
2564.734 |
2093.582 |
2034.028 |
|
|
Other Income |
88.463 |
8.359 |
12.132 |
|
|
TOTAL |
2653.197 |
2101.941 |
2046.160 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2065.593 |
1464.750 |
1406.595 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
152.476 |
108.724 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(87.362) |
10.935 |
62.889 |
|
|
Employee benefit expense |
99.002 |
88.035 |
80.005 |
|
|
Other expenses |
307.147 |
149.561 |
151.671 |
|
|
Prior period items before tax |
0.006 |
0.030 |
0.350 |
|
|
TOTAL |
2384.386 |
1865.787 |
1810.234 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
268.811 |
236.154 |
235.926 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
122.144 |
122.492 |
125.988 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
146.667 |
113.662 |
109.938 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
41.070 |
39.895 |
27.614 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
105.597 |
73.767 |
82.324 |
|
|
|
|
|
|
|
Less |
TAX |
10.519 |
4.849 |
22.202 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
95.078 |
68.918 |
60.122 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
39.09 |
30.41 |
28.38 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
189.671 |
125.437 |
82.324 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
163.533 |
107.017 |
82.324 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
97.14 |
101.02 |
80.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.76 |
3.61 |
4.56 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
106.70 |
101.97 |
99.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.34 |
0.31 |
0.31 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.34 |
0.45 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.70 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.62 |
1.45 |
1.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.91 |
1.99 |
2.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.17 |
0.95 |
1.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.20 |
1.93 |
1.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.71 |
3.29 |
2.96 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.61 |
3.36 |
3.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.93 |
12.58 |
12.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.38 |
1.37 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.77 |
0.67 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.27 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
45.33 |
35.14 |
35.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.38 |
1.37 |
1.29 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
21.181 |
22.664 |
24.324 |
|
Reserves & Surplus |
429.629 |
525.076 |
658.380 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
49.900 |
0.000 |
0.000 |
|
Net
worth |
500.710 |
547.740 |
682.704 |
|
|
|
|
|
|
Long-term borrowings |
327.827 |
347.574 |
612.987 |
|
Short term borrowings |
415.653 |
448.760 |
489.594 |
|
Total
borrowings |
743.480 |
796.334 |
1102.581 |
|
Debt/Equity
ratio |
1.485 |
1.454 |
1.615 |
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 |
2034.028 |
2093.582 |
2564.734 |
|
|
|
2.928 |
22.505 |
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 |
2034.028 |
2093.582 |
2564.734 |
|
Profit/ (Loss) |
60.122 |
68.918 |
95.078 |
|
|
2.96
% |
3.29
% |
3.71
% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
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 |
CORPORATE INFORMATION (AS ON 31.03.2016)
Subject is a
Private Limited company incorporated under the provisions of the Companies Act
1956 on 03rd November 1993. The Company is engaged in Manufacturing
of PUF/Building Panel, Sheet Profiling and Trading of Steel and Structures And
Mining Business and Company also take Works Contract
STATE OF AFFAIRS AND BUSINESS OPERATIONS (AS ON
31.03.2016)
The company is
engaged in the manufacturing of Puf Insulated Panels, Rockwool Panels, Insulated
Truck Body Containers, Refrigerated Doors, Pre Fabricated Steel Structure etc.
During the year,
the company has entered into new line of business activity of Sand Mines. The
company has been allotted Two Sand Mining units at Village Bega and Village
Barauli, District Sonipat. The company obtained necessary permission for
Mechanised sand mining from Ministry of Environment and Forest and started
mining business. But NGT stayed mechanised mining w.e.f 24.02.2016 and we were
compelled to stop mining and surrendered the mining operation to Govt of
Haryana. The company has incurred net loss of INR 77.600 Million from Mining
Operations.
The Production
activity at Manesar was very low and to infuse funds for the expansion of the
company by setting up a new manufacturing plant at Pithampur, District Dhar,
Madhya Pradesh, the company has sold its Land and Building situated at IMT
Manesar, Gurugram during the financial year 2015-16.
During the year,
the Company has achieved Turnover (Gross) of INR 2623.000 Million as against
the previous year’s figure of INR 2141.000 Million resulting increase of
22.31%. The Profit before Tax during the year has been INR 105.600 Million as
against the previous year’s figure of INR 73.800 Million
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate borrowings |
115.655 |
104.743 |
|
Loans and advances from directors |
130.153 |
56.120 |
|
Other loans and advances |
93.779 |
81.662 |
|
Total |
339.587 |
242.525 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C79201166 |
10620458 |
CANARA BANK |
27/01/2016 |
- |
- |
327900000.0 |
PRIME CORPORATE BRANCH-CP, 2ND FLOOR,WORLD TRADE TOWER, BARAKHAMBA LANE,NEW DELHIDL110001IN |
|
2 |
C79201596 |
10620459 |
CANARA BANK |
21/01/2016 |
- |
- |
1637900000.0 |
PRIME CORPORATE BRANCH-CP, 2ND FLOOR,WORLD TRADE TOWER, BARAKHAMBA LANE,NEW DELHIDL110001IN |
|
3 |
C52187838 |
10460043 |
CANARA BANK |
01/11/2013 |
29/04/2015 |
- |
45320000.0 |
PRIME CORPORATE BRANCH-CONNAUGHT PLACE, 2ND FLOOR,WORLD TRADE TOWER, BARAKHAMBA LANE,NEW DELHIDL110001IN |
|
4 |
B87419404 |
10454709 |
CANARA BANK |
03/10/2013 |
- |
- |
1147700000.0 |
PRIME CORPORATE CONNAUGHT PLACE BRANCHWORLD TRADE CENTRE, BARAKHAMBA LANENEW DELHIDL110001IN |
|
5 |
B89483283 |
10452957 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA |
12/09/2013 |
11/10/2013 |
- |
30000000.0 |
GURGAON BRANCH OFFICE, UDYOG MINAR (GROUND FLOOR)VANJIYA NIKUNJ, UDYOG VIHAR, PHASE-VGURGAONHR122016IN |
|
6 |
C52187325 |
10424330 |
CANARA BANK |
18/04/2013 |
29/04/2015 |
- |
100000000.0 |
PRIME CORPORATE BRANCH-CONNAUGHT PLACE, 2ND FLOOR,WORLD TRADE TOWER, BARAKHAMBA LANE,NEW DELHIDL110001IN |
|
7 |
C79200556 |
80007878 |
CANARA BANK |
08/04/2003 |
27/01/2016 |
- |
550000000.0 |
PRIME CORPORATE BRANCH-CP, 2ND FLOOR,WORLD TRADE TOWER, BARAKHAMBA LANE,NEW DELHIDL110001IN |
|
8 |
G21174669 |
80007876 |
CANARA BANK |
04/05/1994 |
13/10/2016 |
- |
1410000000.0 |
PRIME CORPORATE BRANCH-CONNAUGHT PLACEW.T.T. BARAKHAMBA LANENEW DELHIDL110001IN |
|
9 |
C51803591 |
10153063 |
CANARA BANK |
27/03/2009 |
13/04/2010 |
29/04/2015 |
139500000.0 |
PRIME CORPORATE BRANCH-II2ND FLOOR, WORLD TRADE TOWER, BARAKHAMBA LANENEW DELHIDL110001IN |
|
10 |
C51802700 |
10043554 |
CANARA BANK |
07/02/2007 |
- |
29/04/2015 |
330000000.0 |
PARLIAMENT STREETNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- 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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--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.