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|
MIRA INFORM REPORT
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Report No. : |
483279 |
|
Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RATNESH ISPAT SERVICES PRIVATE LIMITED |
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Registered
Office : |
R. No. 1, Ganesh Chhaya, R. B. Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra |
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Tel. No.: |
91-22-21022337 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.09.2010 |
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|
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|
Com. Reg. No.: |
11-207772 |
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Capital
Investment / Paid-up Capital : |
INR 88.993 Million |
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|
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CIN No.: [Company Identification
No.] |
U28910MH2010PTC207772 |
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|
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IEC 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.] |
AAECR9739A |
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GST No.: |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
·
The Company has two business segment: The
first segment is engaged in the business of Metal Processing, Shearing,
Decoiling and Pickling and another segment engaged in Dealing in Iron and
Steel Allied Products and also Commission Agent. [Registered Activity] ·
The Company is engaged in Trading and Importing of Iron
and Steel. [Confirmed by
management] |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2010 having
satisfactory track record. For the financial year ended 2017, revenue and profit of the company
has slightly declined. However, the company possesses sound financial profile marked by
healthy net worth base along with fair debt and favorable gap between trade
payables to its receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
13.10..2017 |
|
Rating Agency Name |
India Rating |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
13.10..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 01.01.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nitin Kumar |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7350014356 |
LOCATIONS
|
Registered/
Head Office : |
R. No.1, Ganesh Chhaya, R. B. Mehta Marg, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9011023371 [Mr. Swapnil Sonar] 91-7350014356 [Mr. Nitin Kumar] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Pune Office : |
J/P 15, Telco - Bhosari Road, Opposite Toyota Showroom, Bhosari, Pune - 411 206, Maharashtra, India |
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Ahmedabad Office : |
411,Loha Bhavan, Behind Old High Court, Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Factory 1: |
Plot No. L-106, Taloja M.I.D.C., District :Raigad – 410208, Maharashtra, India |
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Factory 2: |
GAT No. 357/37 To 41 & 53, Waghjai Nagar, Kharabwadi, Chakan - Talegaon Road, Tal. Khed, Dist. Pune - 410 501, Maharashtra, India |
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Corporate Office: |
202/203, Giriraj Building, Sant Tukaram Road, Carnac Bunder, Masjid
(East) Mumbai-400 009, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
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Name : |
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Designation : |
Director |
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Address : |
R No.1, Ganesh Chaya, R. B. Mehta Marg, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
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Date of Birth/Age : |
07.09.1962 |
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Date of Appointment : |
17.09.2010 |
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PAN No.: |
AACPP6001C |
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DIN No.: |
00933670 |
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Name : |
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Designation : |
Director |
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|
Address : |
R No.1, Ganesh Chaya, R. B. Mehta Marg, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
||||||||||||||||||||||
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Date of Birth/Age : |
09.09.1960 |
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Date of Appointment : |
17.09.2010 |
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PAN No.: |
AACPP0563D |
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DIN No.: |
01688323 |
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Name : |
|||||||||||||||||||||||
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Designation : |
Director |
||||||||||||||||||||||
|
Address : |
R No.1, Ganesh Chaya, R. B. Mehta Marg, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
||||||||||||||||||||||
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Date of Birth/Age : |
16.08.1968 |
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Date of Appointment : |
17.09.2010 |
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PAN No.: |
AADPP3668E |
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DIN No.: |
01688357 |
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KEY EXECUTIVES
|
Name : |
Mr. Nitin Kumar |
|
Designation : |
Accounts Manager |
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|
|
|
Name : |
Mr. Swapnil Sonar |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
96.40 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
3.60 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
The Company has two business segment: The
first segment is engaged in the business of Metal Processing, Shearing, Decoiling
and Pickling and another segment engaged in Dealing in Iron and Steel Allied
Products and also Commission Agent. [Registered Activity] ·
The Company is engaged in Trading and Importing of Iron
and Steel. [Confirmed by
management] |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
·
Panse ·
Mahindra Rise ·
Essar ·
JBM ·
ALF ·
Tata Steel · Anusaya Auto Press Parts Private Limited · Aura Laserfab Private Limited · Autoline Industries Limited (Chakan) · Automobile Corp. Goa. Limited. · Autocomp Corporation Panse Private Limited · Badve Autocomps Private Limited · Carline Pressings Private Limited · CaparoEngi. India Limited · DTL Ancillaries Limited · Devchhaya Industries · Essar Steel Limited · Gloriya Engg. Company |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· Oriental Bank of Commerce Overseas Branch, Dalamal Towers, 211, Nariman Point, Mumbai, Mumbai - 400021, Maharashtra, India · Deutsche Bank AG |
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Facilities : |
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Auditors : |
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Name : |
Shah and Taparia Chartered Accountants |
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Address : |
12, Navjeevan Wadi, Dhobi, Talao, Mumbai,
Maharashtra, India |
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PAN No.: |
AAOFS0663D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· J.P. Bolt ·
Ratnesh Engineering Private Limited ·
Ratnesh Mercantile Private Limited · Ratnesh Impex Private Limited ·
Ratnesh Infra Engineering Private Limited ·
Ratnesh Steel Engineering Private Limited ·
Ratnesh Infra (Prop. Ratnesh Parekh) ·
Urja Metelligical Services (Prop. Alkesh
Shantilal Parekh) |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8899330 |
Equity Shares |
INR 10/- each |
INR 88.993
Million |
|
|
|
|
|
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 |
88.993 |
88.993 |
88.993 |
|
(b) Reserves and Surplus |
121.460 |
98.788 |
75.726 |
|
(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) |
210.453 |
187.781 |
164.719 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
177.712 |
258.654 |
219.370 |
|
(b) Deferred tax liabilities (Net) |
8.920 |
8.332 |
3.430 |
|
(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) |
186.632 |
266.986 |
222.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
135.187 |
106.535 |
125.087 |
|
(b) Trade
payables |
290.837 |
453.763 |
216.088 |
|
(c) Other
current liabilities |
95.249 |
47.711 |
46.201 |
|
(d) Short-term
provisions |
3.446 |
4.449 |
2.135 |
|
Total Current
Liabilities (4) |
524.719 |
612.458 |
389.511 |
|
|
|
|
|
|
TOTAL |
921.804 |
1067.225 |
777.030 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
223.556 |
233.303 |
237.587 |
|
(ii)
Intangible Assets |
5.911 |
11.822 |
17.734 |
|
(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 |
4.802 |
4.802 |
4.802 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1.686 |
1.371 |
0.569 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
235.955 |
251.298 |
260.692 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
130.062 |
130.039 |
16.948 |
|
(c) Trade
receivables |
426.030 |
635.185 |
460.829 |
|
(d) Cash and
bank balances |
45.569 |
7.298 |
1.219 |
|
(e)
Short-term loans and advances |
84.188 |
43.405 |
37.342 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
685.849 |
815.927 |
516.338 |
|
|
|
|
|
|
TOTAL |
921.804 |
1067.225 |
777.030 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2929.474 |
3467.856 |
2685.276 |
|
|
Other Income |
6.302 |
11.272 |
5.281 |
|
|
TOTAL |
2935.776 |
3479.128 |
2690.557 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
8.755 |
4.598 |
6.208 |
|
|
Purchases of
Stock-in-Trade |
2738.913 |
3396.853 |
2463.824 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.115) |
(111.781) |
60.900 |
|
|
Employee benefit expense |
24.949 |
20.418 |
21.409 |
|
|
Other expenses |
75.877 |
71.509 |
51.459 |
|
|
Prior period items |
(4.343) |
0.000 |
0.000 |
|
|
TOTAL |
2843.036 |
3381.597 |
2603.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
92.740 |
97.531 |
86.757 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
41.911 |
46.148 |
46.670 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
50.829 |
51.383 |
40.087 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.935 |
16.820 |
16.708 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
33.894 |
34.563 |
23.379 |
|
|
|
|
|
|
|
Less |
TAX |
11.222 |
11.501 |
7.843 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
22.672 |
23.062 |
15.536 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.55 |
2.59 |
3.05 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
23.064 |
22.908 |
23.512 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
135.932 |
34.496 |
163.036 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
127.603 |
29.266 |
160.869 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
53.08 |
66.85 |
62.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.88 |
5.46 |
5.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
38.63 |
48.69 |
31.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.71 |
0.75 |
5.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.40 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.84 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.60 |
2.07 |
2.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.49 |
3.26 |
2.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.09 |
1.31 |
1.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.21 |
2.11 |
1.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.77 |
0.67 |
0.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.46 |
2.16 |
2.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.77 |
12.28 |
9.43 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.31 |
1.33 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.06 |
1.12 |
1.28 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.18 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.78 |
4.36 |
4.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.31 |
1.33 |
1.33 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
88.993 |
88.993 |
88.993 |
|
Reserves & Surplus |
75.726 |
98.788 |
121.460 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
164.719 |
187.781 |
210.453 |
|
|
|
|
|
|
Long-term borrowings |
219.370 |
258.654 |
177.712 |
|
Short term borrowings |
125.087 |
106.535 |
135.187 |
|
Current maturities of
long-term debts |
23.512 |
22.908 |
23.064 |
|
Total
borrowings |
367.969 |
388.097 |
335.963 |
|
Debt/Equity
ratio |
2.234 |
2.067 |
1.596 |
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 |
2685.276 |
3467.856 |
2929.474 |
|
|
0.000 |
29.143 |
(15.525) |
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 |
2685.276 |
3467.856 |
2929.474 |
|
Profit/ (Loss) |
15.536 |
23.062 |
22.672 |
|
|
0.58
% |
0.67
% |
0.77
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
88.993 |
88.993 |
|
(b) Reserves and Surplus |
|
125.738 |
103.251 |
|
(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) |
|
214.731 |
192.244 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
177.712 |
258.654 |
|
(b) Deferred tax liabilities (Net) |
|
8.920 |
8.332 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
186.632 |
266.986 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
135.187 |
106.535 |
|
(b) Trade
payables |
|
290.837 |
455.216 |
|
(c) Other
current liabilities |
|
95.249 |
47.711 |
|
(d) Short-term
provisions |
|
3.446 |
4.449 |
|
Total Current
Liabilities (4) |
|
524.719 |
613.911 |
|
|
|
|
|
|
TOTAL |
|
926.082 |
1073.141 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
223.556 |
233.303 |
|
(ii)
Intangible Assets |
|
5.911 |
11.822 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
9.080 |
9.266 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1.686 |
1.371 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
240.233 |
255.762 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
130.062 |
130.039 |
|
(c) Trade
receivables |
|
426.030 |
635.185 |
|
(d) Cash and
bank balances |
|
45.569 |
7.297 |
|
(e)
Short-term loans and advances |
|
84.188 |
44.858 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
685.849 |
817.379 |
|
|
|
|
|
|
TOTAL |
|
926.082 |
1073.141 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2929.474 |
3467.856 |
|
|
Other Income |
|
6.116 |
11.848 |
|
|
TOTAL |
|
2935.590 |
3479.704 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
8.755 |
4.598 |
|
|
Purchases of
Stock-in-Trade |
|
2738.913 |
3396.853 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1.115) |
(111.781) |
|
|
Employee benefit expense |
|
24.949 |
20.418 |
|
|
Other expenses |
|
75.877 |
71.509 |
|
|
Prior period items before tax |
|
(4.343) |
0.000 |
|
|
TOTAL |
|
2843.036 |
3381.597 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
92.554 |
98.107 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
41.911 |
46.148 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
50.643 |
51.959 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
16.935 |
16.820 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
33.708 |
35.139 |
|
|
|
|
|
|
|
Less |
TAX |
|
11.222 |
11.501 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
22.486 |
23.638 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
2.53 |
2.66 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G59903351 |
100133327 |
DEUTSCHE BANK AG |
26/09/2017 |
- |
- |
34000000.0 |
DEUTSCHE BANKHAZARIMAL SOMANI MARG, FORTMUMBAIMH400001IN |
|
2 |
C62791132 |
10327646 |
ORIENTAL BANK OF COMMERCE |
19/11/2011 |
06/08/2015 |
- |
285000000.0 |
OVERSEAS BRANCH, DALAMAL TOWERS,211, NARIMAN POINTMUMBAIMH400021IN |
|
3 |
C62792254 |
10327642 |
ORIENTAL BANK OF COMMERCE |
19/11/2011 |
05/08/2015 |
- |
74300000.0 |
OVERSEAS BRANCH, DALAMAL TOWERS,211, NARIMAN POINTMUMBAIMH400021IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
111.561 |
125.870 |
|
Intercorporate deposits |
13.900 |
53.900 |
|
|
|
|
|
Total |
125.461 |
179.770 |
CORPORATE INFORMATION
Subject is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956.The Company has two business segment. The first segment is engaged in the business of metal processing, shearing, decoiling and pickling & another segment engaged in dealing in Iron & Steel Allied Products and also Commission Agent.
OPERATIONS
During
the year Company has reported total income of INR 33.894 million for the
current year as compared to total income of INR 3479.128 million in the previous
year.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.93 |
|
UK Pound |
1 |
INR 86.07 |
|
Euro |
1 |
INR 76.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.