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|
MIRA INFORM REPORT
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Report No. : |
493370 |
|
Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
A K DAS ASSOCIATES LIMITED |
|
|
|
|
Formerly known
as : |
A. K. DAS ASSOCIATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H-1 Satyanagar, Bhubaneswar - 751007, Orissa |
|
Tel. No.: |
91-674-2543732 |
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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 : |
22.11.1996 |
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Com. Reg. No.: |
15-004693 |
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Capital Investment
/ Paid-up Capital : |
INR 51.404 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U45201OR1996PLC004693 |
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|
|
|
IEC No.: [Import-Export Code 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.] |
AACCA9617J |
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|
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GSTIN : [Goods & Service Tax
Registration No.] |
21AACCA9617J1ZS |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Subject is engaged in Providing Construction Services works for
Local Electricity Transmission Cables. (Registered activity) |
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No. of Employees
: |
Information declined 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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1996 and it is having good track. The company primarily constructs transmission lines and substations, and related electrical as well as civil works. Management of the company has not filed its financial with the government department for the year 2017. As per available financials of 2016, the company has increased its revenue from operation as compared to previous year and maintained decent profitability margin of 8.46%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and low debt balance sheet. Further, rating also reflects from its established track records of business operations and improvement in the revenue as well as profitability profile 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 (30.09.2017) |
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 |
CRISIL |
|
Rating |
Long Term Rating = BB- (Issuer
Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
18.08.2017 |
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 26.02.2018
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. Himanshu |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9438298503 |
|
Date : |
23.02.2018 |
LOCATIONS
|
Registered Office : |
H-1 Satyanagar, Bhubaneswar - 751007, Orissa, India |
|
Tel. No.: |
91-674-2543732 |
|
Mobile No.: |
91-9438298503 (Mr. Himanshu) |
|
Fax No.: |
91-674-2543732 / 2544019 |
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E-Mail : |
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Website : |
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Head Office : |
248-Saheed Nagar, Bhubaneswar - 751007, Orissa, India |
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Tel. No.: |
91-674-2545755 |
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Branch office : |
B4-212/A Ground floor, Safdarjung Enclave, New Delhi – 110029, India |
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Tel. No.: |
91-11-26160474 |
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Fax No.: |
91-11-26160474 |
DIRECTORS
As on 31.03.2017
|
Name : |
Amiya Kanta Das |
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|
Designation : |
Managing Director |
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|
Address : |
1983 Sriram Nagar, Bhubaneswar - 751002, Orissa, India
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Date of Birth/Age : |
15.05.1964 |
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Qualification : |
B.Sc |
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Date of Appointment : |
22.11.1996 |
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PAN No.: |
AAYPD9814F |
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DIN No.: |
01677172 |
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Other Directorship:
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Name : |
Pranati Das |
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Designation : |
Director |
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Address : |
W/O Amiyakanta Das, 1983, Sriram Nagar, Bhubaneswar -
751002, Orissa, India |
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Date of Birth/Age : |
20.01.1973 |
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Qualification : |
BA |
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Date of Appointment : |
29.09.2007 |
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PAN No.: |
AAYPD9814F |
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DIN No.: |
01714878 |
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Other Directorship:
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Name : |
Sovarani Das |
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Designation : |
Director |
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Address : |
1983 Sriram Nagar, Bhubaneswar - 751002, Orissa, India
|
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Date of Birth/Age : |
14.06.1938 |
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Qualification : |
Matriculation |
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Date of Appointment : |
29.09.2007 |
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DIN No.: |
01733059 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Abhisek Pothal |
|
Designation : |
Company Secretary |
|
Address : |
At/Po- Raisuan, Keonjhar – 758013, Orissa, India |
|
Date of Appointment : |
05.12.2014 |
|
PAN No.: |
BANPP1925K |
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|
|
|
Name : |
Mr. Himanshu |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
SHAREHOLDER’S DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
90.82 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
9.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Providing Construction Services works for
Local Electricity Transmission Cables. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S K Jena and Associates Chartered Accountants |
|
Address : |
G-3, Kailash Plaza, 252-H, Sant Nagar, New Delhi – 110065, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABVFS9847F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
U55101OR2001PTC006462
U27200OR2008PTC010095 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5140374 |
Equity Shares |
INR 10/- each |
INR 51.404
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
51.404 |
51.404 |
51.404 |
|
(b) Reserves and Surplus |
386.135 |
334.119 |
288.366 |
|
(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) |
437.539 |
385.523 |
339.770 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41.467 |
123.530 |
115.696 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
41.467 |
123.530 |
115.696 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
253.051 |
252.404 |
246.667 |
|
(b) Trade
payables |
183.519 |
292.838 |
254.679 |
|
(c) Other
current liabilities |
240.328 |
255.223 |
174.782 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
676.898 |
800.465 |
676.128 |
|
|
|
|
|
|
TOTAL |
1155.904 |
1309.518 |
1131.594 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
146.249 |
153.068 |
161.275 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets 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 |
44.257 |
44.257 |
44.257 |
|
(c) Deferred tax assets (net) |
3.741 |
2.204 |
0.216 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.035 |
0.070 |
0.105 |
|
Total Non-Current
Assets |
194.282 |
199.599 |
205.853 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
281.043 |
357.381 |
335.571 |
|
(b)
Inventories |
15.148 |
20.981 |
20.608 |
|
(c) Trade
receivables |
365.692 |
446.127 |
336.518 |
|
(d) Cash and
bank balances |
2.179 |
2.260 |
3.103 |
|
(e)
Short-term loans and advances |
297.560 |
283.170 |
229.941 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
961.622 |
1109.919 |
925.741 |
|
|
|
|
|
|
TOTAL |
1155.904 |
1309.518 |
1131.594 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
615.071 |
528.416 |
506.135 |
|
|
Other Income |
36.383 |
37.509 |
33.256 |
|
|
TOTAL |
651.454 |
565.925 |
539.391 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
400.748 |
284.104 |
247.397 |
|
|
Employee benefit expense |
35.689 |
36.862 |
39.169 |
|
|
Other expenses |
68.826 |
97.902 |
105.237 |
|
|
TOTAL |
505.263 |
418.868 |
391.803 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
146.191 |
147.057 |
147.588 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.837 |
63.879 |
66.265 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.354 |
83.178 |
81.323 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.224 |
14.613 |
5.587 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
73.130 |
68.565 |
75.736 |
|
|
|
|
|
|
|
Less |
TAX |
21.114 |
22.246 |
24.572 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
52.016 |
46.319 |
51.164 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.12 |
9.01 |
9.96 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
73.130 |
68.565 |
75.736 |
|
Net cash flows from (used in) operating activities |
73.130 |
68.565 |
75.736 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
217.01 |
308.16 |
242.68 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
1.68 |
1.18 |
1.50 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
167.15 |
376.22 |
375.74 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
9.65 |
7.01 |
7.16 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.00 |
0.96 |
0.92 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.62 |
0.71 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.67 |
0.98 |
1.07 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.55 |
2.08 |
1.99 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.33 |
0.40 |
0.47 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.22 |
2.30 |
2.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
8.46 |
8.77 |
10.11 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
4.50 |
3.54 |
4.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
11.89 |
12.01 |
15.06 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.42 |
1.39 |
1.37 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.40 |
1.36 |
1.34 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.38 |
0.29 |
0.30 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
5.73 |
7.31 |
7.05 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.42 |
1.39 |
1.37 |
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 |
51.404 |
51.404 |
51.404 |
|
Reserves & Surplus |
288.367 |
334.119 |
386.135 |
|
Net
worth |
339.771 |
385.523 |
437.539 |
|
|
|
|
|
|
Long-term borrowings |
115.694 |
123.530 |
41.467 |
|
Short term borrowings |
246.667 |
252.404 |
253.051 |
|
Total
borrowings |
362.361 |
375.934 |
294.518 |
|
Debt/Equity
ratio |
1.066 |
0.975 |
0.673 |
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 |
506.135 |
528.416 |
615.071 |
|
|
|
4.402 |
16.399 |
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 |
506.135 |
528.416 |
615.071 |
|
Profit/ (Loss) |
51.164 |
46.319 |
52.016 |
|
|
10.11
% |
8.77
% |
8.46
% |
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 |
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 |
STATE OF COMPANIES
AFFAIR
During the year the company has able to achieve a turnover of INR 615.071 Million as against INR 528.416 Million in the previous year also the Net profit of the year has been INR 52.016 Million as against INR 46.319 Million during the previous year. The Directors are continuously looking for avenues for future growth of the Company in the existing industry. The relationship between management and employee continued to be cordial during the year. The high morale of the employee of the company contributed towards the improved performance of the company
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
4.012 |
4.012 |
|
Loans and advances from directors |
6.477 |
5.977 |
|
|
|
|
|
Total |
10.489 |
9.989 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B83507954 |
10445933 |
THE FEDERAL BANK LIMITED |
22/08/2013 |
- |
- |
850000000.0 |
14-B, FIRST FLOORBAPUJI NAGARBHUBANESWAROR751009IN |
|
2 |
B77420685 |
10431847 |
IDBI BANK |
22/05/2013 |
- |
- |
11000000.0 |
IDBI Bank, Retail Asset CentreIDBI House , 9-Janpath,BHUBANESWAROR751022IN |
|
3 |
B72841851 |
10416212 |
STATE BANK OF INDIA |
07/02/2013 |
06/04/2013 |
- |
300000000.0 |
BHUBANESWAR MAIN BRANCHUNIT-1, NEAR CAPITAL POLICE STATIONBHUBANESWAROR751009IN |
|
4 |
B40374530 |
10357608 |
THE FEDERAL BANK LIMITED |
21/05/2012 |
- |
- |
405000.0 |
14-B, 1ST FLOOR,JANPATH, BAPUJI NAGARBHUBANESWAROR751009IN |
|
5 |
B29594397 |
10329144 |
SREI Equipment Finance Private Limited |
15/12/2011 |
- |
- |
1364472.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
6 |
A89471155 |
10228378 |
THE FEDERAL BANK LIMITED |
29/06/2010 |
- |
- |
340000.0 |
14B, JANPATH,BAPUJI NAGARBHUBANESWAROR751009IN |
|
7 |
A87355699 |
10223189 |
THE FEDERAL BANK LIMITED |
03/06/2010 |
- |
- |
16740000.0 |
14B, JANPATHBAPUJI NAGARBHUBANESWAROR751009IN |
|
8 |
A82925025 |
10211162 |
THE FEDERAL BANK LIMITED |
27/03/2010 |
- |
- |
27500000.0 |
14B, JANPATHBAPUJI NAGARBHUBANESWAROR751009IN |
|
9 |
A75602532 |
10191182 |
THE FEDERAL BANK LIMITED |
09/11/2009 |
- |
- |
70000000.0 |
14B, JANPATHBAPUJI NAGARBHUBANESWAROR751009IN |
|
10 |
A55613673 |
10139983 |
THE FEDERAL BANK LIMITED |
14/01/2009 |
- |
- |
7000000.0 |
14 B, JANPATHBAPUJI NAGARBHUBANESWAROR751009IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
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.