|
|
|
MIRA INFORM REPORT
|
Report No. : |
484467 |
|
Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
APPLE INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 701-A, 7th Floor, GD-ITL Tower, Plot No. B-8,
Netaji Subhash Place, Pitampura, Delhi-110034 |
|
Tel. No.: |
91-120-4204461 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
11.03.2008 |
|
|
|
|
Com. Reg. No.: |
55-175180 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 86.940 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120DL2008PLC175180 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA9960N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sponge Iron,
Mild Steel Billets, TMT Bars and Power on own as well as on Job Work Basis. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008. It is a manufacturer of Sponge Iron, Mild Steel Billets, TMT bars and power.
|
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
NOT AVAILABLE
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 08.01.2018.
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 DECLINED BY
|
Name : |
Mr. Pawan Kumar Garg |
|
Designation : |
Director |
|
Contact No.: |
91-9000010064 |
|
Date : |
05.01.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 701-A, 7th Floor, GD-ITL Tower, Plot No. B-8,
Netaji Subhash Place, Pitampura, Delhi-110034, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9000010064 [Mr. Pawan
Kumar Garg] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Village D. Hirrehal, Raidurg Road, District Anantapur, Andhar Pradesh,
India |
|
Tel. No.: |
91-8392-260557 |
|
Fax No.: |
91-8392-260554 |
|
|
|
|
Branch Office : |
Plot No 51, 2nd Stage, KIADB
Industrial Area, Bangalore Road, Bellary-583101, Karnataka, India |
|
|
|
|
Corporate Office : |
B-16, Sector-2,
Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4204461/ 62 |
|
Fax No.: |
91-120-4204463 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pawan Kumar Garg |
||||||||||
|
Designation : |
Director |
||||||||||
|
Address : |
8-2-684/1/1, Banjara Hills, Road No.12, Ward-8, Circle-VII,
Hyderabad-500034, Telangana, India |
||||||||||
|
Date of Birth/Age : |
02.12.1961 |
||||||||||
|
Qualification : |
Graduate |
||||||||||
|
Date of Appointment : |
10.06.2011 |
||||||||||
|
PAN No.: |
AAHPG8132G |
||||||||||
|
DIN No.: |
01626915 |
||||||||||
|
Other Directorship:
|
|||||||||||
|
|
|
||||||||||
|
Name : |
Mr. Jai Kishan |
||||||||||
|
Designation : |
86, Block-8, Ramesh Nagar, Delhi-110015, India |
||||||||||
|
Address : |
Additional Director |
||||||||||
|
Date of Appointment : |
25.11.2016 |
||||||||||
|
DIN No.: |
07662818 |
||||||||||
|
|
|
||||||||||
|
Name : |
Mr. Purushottam Dass Saini |
||||||||||
|
Designation : |
Director |
||||||||||
|
Address : |
Flat No 510, Old Rto Road
Mess Road, Belagal Cross, Sai Thirumala Apartment, Bellary-583104, Karnataka,
India |
||||||||||
|
Date of Appointment : |
28.05.2015 |
||||||||||
|
DIN No.: |
07195389 |
||||||||||
|
Other Directorship :
|
|
||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Garg |
|
10000 |
|
Ashish Garg |
|
10000 |
|
Ankit Garg |
|
10000 |
|
Shaloo Garg |
|
10000 |
|
Pawan Garg |
|
10000 |
|
Pulkit Garg |
|
10000 |
|
Yogendra Kumar Garg |
|
10000 |
|
Doon
Alloys and Casting Private Limited |
|
211000 |
|
Ankush Alloys Private Limited |
|
460000 |
|
Neekunj Power Private Limited |
|
454800 |
|
M.G. Metalloy Private Limited |
|
7190700 |
|
Suretop Ventures Limited |
|
2827319 |
|
|
|
|
|
Total |
|
11213819 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
0.62 |
|
Promoters – Body Corporate |
64.13 |
|
Public/Other than promoters - Body Corporate |
35.25 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge
Iron, Mild Steel Billets, TMT Bars and Power on own as well as on Job Work
Basis. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
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|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank ECE
House, K.G. Marg, Connaught Place, New Delhi - 110001, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Parkea
and Company Chartered Accountants |
|
Address : |
Flat No.212, II Floor, Raghava
Krishna Complex, Krishnamachari Road, Bellary-583101, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADGPB8334F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
M.G. Metalloy Private Limited, India [U27101DL2010PTC202918] |
|
|
|
|
Associate Company : |
·
Apple Rolling Mills Limited, India ·
Apple Sponge & Power Limited, India
[U27101DL2004PLC130241] ·
Apple Carbon Private Limited, India
[U27310AP2010PTC066567] ·
Apple Natural Resources Private Limited,
India [U10100DL2010PTC204240] ·
Doon Alloys & Casting Private Limited,
India [U27106UP1985PTC007112] ·
Amritvarsha Ispat Private Limited, India
[U27107MH1985PTC035271] ·
Manohar Meta Alloys Private Limited, India
[U27106DL2010PTC202826] ·
Apple Commodities Limited, India
[U51109DL2000PLC103297] ·
Indus TMT Industries Limited, India
[U27104KA2005PLC036259] |
CAPITAL STRUCTURE
AFTER 30.09.2016
Authorised Capital : INR
125.000 Million
Issued, Subscribed & Paid-up Capital : INR 112.138 Million
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued & Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9616500 |
Equity Shares |
INR 10/- each |
INR 96.165 Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8386500 |
Equity Shares |
INR 10/- each |
INR 83.865 Million |
|
|
Forfeited Shares |
|
INR 3.075 Million |
|
|
Total |
|
INR 86.940 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
86.940 |
79.650 |
79.650 |
|
(b) Reserves & Surplus |
(332.076) |
196.200 |
1039.807 |
|
(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) |
(245.136) |
275.850 |
1119.457 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3814.448 |
2296.744 |
1591.924 |
|
(b) Deferred tax liabilities (Net) |
116.996 |
120.641 |
58.459 |
|
(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) |
3931.444 |
2417.385 |
1650.383 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
246.595 |
363.551 |
308.941 |
|
(b)
Trade payables |
129.602 |
132.706 |
213.272 |
|
(c)
Other current liabilities |
30.486 |
26.022 |
292.616 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.012 |
|
Total
Current Liabilities (4) |
406.683 |
522.279 |
814.841 |
|
|
|
|
|
|
TOTAL |
4092.991 |
3215.514 |
3584.681 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1426.256 |
1603.996 |
2698.184 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 |
0.015 |
0.015 |
23.145 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
35.091 |
30.445 |
26.423 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1461.362 |
1634.456 |
2747.752 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
235.321 |
194.886 |
311.829 |
|
(c)
Trade receivables |
337.717 |
345.422 |
338.832 |
|
(d)
Cash and cash equivalents |
18.799 |
5.483 |
61.392 |
|
(e)
Short-term loans and advances |
2039.792 |
1035.099 |
124.540 |
|
(f)
Other current assets |
0.000 |
0.168 |
0.336 |
|
Total
Current Assets |
2631.629 |
1581.058 |
836.929 |
|
|
|
|
|
|
TOTAL |
4092.991 |
3215.514 |
3584.681 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1282.912 |
1261.437 |
2874.590 |
|
|
|
Other Income |
7.321 |
2.752 |
8.590 |
|
|
|
TOTAL (A) |
1290.233 |
1264.189 |
2883.180 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
827.563 |
1167.532 |
2705.856 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
51.293 |
(21.150) |
(22.013) |
|
|
|
Employees benefits expense |
4.070 |
3.200 |
1.150 |
|
|
|
Other expenses |
427.738 |
408.508 |
216.105 |
|
|
|
Prior Period items |
(10.499) |
0.050 |
0.050 |
|
|
|
TOTAL (B) |
1300.165 |
1558.140 |
2901.148 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(9.932) |
(293.951) |
(17.968) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
482.059 |
278.396 |
156.959 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
(491.991) |
(572.347) |
(174.927) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
178.440 |
209.128 |
81.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
(670.431) |
(781.475) |
(256.674) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(3.645) |
62.182 |
5.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
(666.786) |
(843.657) |
(262.184) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (INR) |
(69.34) |
(87.73) |
(32.92) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
279.800 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
(1054.350) |
(1158.291) |
46.802 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
96.08 |
99.95 |
43.02 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.80 |
3.65 |
8.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.16 |
41.49 |
28.77 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.04) |
(1.51) |
(0.06) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.01) |
(0.18) |
(0.01) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.03 |
0.88 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(16.57) |
9.64 |
1.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(1.66) |
1.89 |
0.73 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(5.82) |
5.81 |
2.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.02) |
(1.06) |
(0.11) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(51.97) |
(66.88) |
(9.12) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(16.29) |
(26.24) |
(7.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
272.01 |
(305.84) |
(23.42) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
6.47 |
3.03 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
5.89 |
2.65 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.06) |
0.09 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
46.71 |
33.40 |
27.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
6.47 |
3.03 |
1.03 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
79.650 |
79.650 |
86.940 |
|
Reserves & Surplus |
1039.807 |
196.200 |
-332.076 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1119.457 |
275.850 |
-245.136 |
|
|
|
|
|
|
Long-term borrowings |
1591.924 |
2296.744 |
3814.448 |
|
Short term borrowings |
308.941 |
363.551 |
246.595 |
|
Total
borrowings |
1900.865 |
2660.295 |
4061.043 |
|
Debt/Equity
ratio |
1.698 |
9.644 |
-16.566 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2874.590 |
1261.437 |
1282.912 |
|
|
|
-56.118 |
1.702 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2874.590 |
1261.437 |
1282.912 |
|
Profit/ (Loss) |
(262.184) |
(843.657) |
(666.786) |
|
|
(9.12%) |
(66.88%) |
(51.97%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
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 |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C54837018 |
10571825 |
08/12/2014 |
- |
- |
1100000000.0 |
9-H, 9TH FLOOR15, HANSALAYA BUILDING, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
|
2 |
B97070874 |
10479271 |
PUNJAB NATIONAL BANK |
30/12/2013 |
- |
- |
3008500000.0 |
ECE HOUSE, K.G. MARGDELHIDL110001IN |
|
3 |
B43945187 |
10314697 |
PUNJAB NATIONAL BANK |
10/10/2011 |
18/07/2012 |
- |
160000000.0 |
ECE House, K.G. Marg,Connaught PlaceNew DelhiDL110001IN |
|
4 |
A85076289 |
10219166 |
PUNJAB NATIONAL BANK |
08/04/2010 |
- |
- |
1342400000.0 |
ECE HOUSE, 28-AK.G. MARGNEW DELHIDL110001IN |
|
5 |
B43945732 |
10219169 |
PUNJAB NATIONAL BANK |
31/03/2010 |
18/07/2012 |
- |
300000000.0 |
ECE House, K.G. Marg,Connaugt Place,New DelhiDL110001IN |
|
6 |
A52488608 |
10133695 |
PUNJAB NATIONAL BANK |
03/12/2008 |
- |
- |
580000000.0 |
E C E HOUSEK G MARGNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (INR
In Million) |
31.03.2014 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from others |
0.300 |
13.090 |
|
Other loans and advances |
54.725 |
176.465 |
|
|
|
|
|
Total |
55.025 |
189.555 |
CORPORATE INFORMATION:
The Company is an unlisted
public limited company and was incorporated on 11th of March 2008 with
objective of establishing an Integrated Steel Plant and engaging in manufacture
of Sponge Iron, Mild Steel Billets, TMT Bars and Power on own as well as on Job
Work Basis.
The Company has its
registered office at T1 & 3, III Floor, IIT Crossing, Hauz Khas, Delhi
110016 and has Integrated Steel Plant located at D Hirehal Village, Ananthpur District,
Andhra Pradesh and Branch at Plot No 51, 2nd Stage, KIADB Industrial Area,
Bangalore Road, Bellary 583101, Karnataka, India .
SHARE CAPITAL
The Authorized Share Capital of the Company comprises of 10,00,000 Equity Shares of 10 Each aggregating to 1,000 Lakhs. The Issued and Subscribed Capital of the Company is INR 96.165 Million comprising of 96,16,500 Equity Shares of 10 each out of which 83,86,500 Equity Shares of 10 Each are fully paid up. The Total paid up capital of the company as at 31.3.2015 is INR 86.940 Million.
Considering the financial position of the Company, the Board of Directors have made final calls on its members holding partly paid up equity shares and collected INR 145.800 Million including securities premium of INR 138.510 Million from its shareholders thereby converting its 19,44,000 Partly Paid Up Equity Shares of 10 each into fully paid up.
Calls made in respect of 12,30,000 Equity Shares of 10 each 2.50 per share paid up were not received and accordingly, the Board have forfeited the paid up value of 12,30,000 Equity Shares of 10 each as per the procedure prescribed under Articles of Association of the Company and relevant provisions of Companies Act, 2013. The Forfeited Share Capital have neither been re issued nor cancelled as at balance sheet date and the outstanding balance of paid up value of forfeited equity shares as at balance sheet date aggregated to INR 3.075 Million.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
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 63.38 |
|
UK Pound |
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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.