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%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
485978 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RDC CONCRETE (INDIA) PRIVATE LIMITED (w.e.f.13.12.2007) |
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|
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|
Formerly Known
As : |
RDC CONCRETE (INDIA) LIMITED (w.e.f. 04.02.2005) UNITECH PREFAB LIMITED |
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Registered
Office : |
DIL Complex, 701, 7th Floor, Thane One Corporate, IT Park,
Ghodhunder Road, Majiwade, Thane-400610, Maharashtra |
|
Tel. No.: |
91-22-67896789 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
20.04.1993 |
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Com. Reg. No.: |
11-172842 |
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Capital
Investment / Paid-up Capital : |
INR 552.900 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1993PTC172842 |
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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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|
|
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PAN No.: [Permanent Account No.] |
AAACU0108Q |
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TIN No.: |
27070001801 |
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GST No.: |
27AAACU0108Q1Z8 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the Business of Manufacturing of Ready-mix Concrete. [Registered Activity] |
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No. of Employees
: |
05 [Approximately] [As per Site Visit] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 138857 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993 and it is a manufacturer of ready mix concrete. As per financials of March 2017, the company has registered a decent growth in its revenue but has incurred losses. Rating takes into consideration the company’s continues losses from its operation which led to deteriorating financial profile along with above average debt balance sheet and unfavourable gap between its trade payables to its trade receivables. Payments are reported to be slow. In view aforesaid, the company can be considered for business dealings with some caution. NOTE: Site visit was conducted at the given address which you have provided. Our executive has successfully traced the subject at the given address. At the premises, our executive had met Mr. Nishant (Office Executive) and he provided his contact details (09594743324). As per our executive’s observation, it is a 16 storey building and subject is situated at 7th floor. Location was easy to find and locality seems to be commercial. Area seems to be neutral and 5 employees were sighted at the premises. Landmark- Next to Tatvagyan Vidyapeeth. Name board was sighted at the given address. |
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 15.01.2018
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
MANAGEMENT NON-COOPERATIVE [91-22-67896789]
[91-22-66910051] Number is continuously ringing
LOCATIONS
|
Registered / Head Office : |
DIL Complex, 701, 7th Floor, Thane One Corporate, IT Park,
Ghodhunder Road, Majiwade, Thane-400610, Maharashtra, India |
|
Tel. No.: |
91-22-67896789/ 66910051 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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Locality: |
Commercial [As per Site Visit] |
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Regional Offices/ Factories
: |
RDC CONCRETE AHMEDABAD Plant 1: Survey No. 806 / 12, Kothari Char Rasta, Santej-Ahmedabad Road, Santej, Kalol, Ghandhinagar (Dist.), Ahmedabad--382 721, Gujarat,
India REGIONAL OFFICE #49 II Floor, Above Chaitanya Restaurant, Linden Street, Palmgrove Road, Victoria Layout,
Bangalore - 560047, Karnataka, India Plant 1: 37B, Doddanekkundi Industrial Area, 1st Phase, Whitefield Road, Plant 2: Survey No. 149 / 1, Kumbalagodu, Kengeri Hobli, Mysore Road, Plant 3: Plot No. 31 / B, II Cross, Veerasandra
Industrial Area, Attibele Hobli, Near
Electronic City Post, Anekal Taluk,
Hosur Main Road, Plant 4: S. No: 38/1&2, V.I.T Cross, Sonappanahalli Village, Bettahalsur Post, Plant 5: Globe Phase-6 Project, Sarjapura Outer Ring Road, Devarabisinahalli, RDC CONCRETE BHUBANESWAR Plant 1: Plot No. 76, Beside Hawkins Godown, Rudrapur, Pahal, Bhubaneswar-– 752101, Odisha, India Plant 2: Kalinga Nagar Industrial Complex (KNIC), Behind Maithan Steel, Manitira, Jakhpura P.S., Danagadi, Jajpur (Dist.), Rajasthan, India RDC CONCRETE CHENNAI Plant 1: Plot No. 2 / 129, S. No. 55 / 4D1, Avdi Road, Senneerkuppam, Poonamallee Taluk,
Thiruvallur District, Chennai - 600
056, Tamilnadu, India Plant 2: Survey No. 45 / 4 Door No. 1/31, Vandalur Kelambakkam Road, Pudupakkam Village, Chennai - 603 103 Tamilnadu, India Plant 3: S. No. 195 / 4 and No. 124, Sandhiamman Koil Street, Vallam "A"
Village, Sriperumpudur Taluk, Kanchipuram - 602 105 Tamilnadu, India RDC CONCRETE COIMBATORE Plant 1: #63, S.F No. 256 & 258, Kanampalayam,
Trichy Road, Sulur Taluk, Coimbatore
- 641 402, Tamilnadu, India RDC CONCRETE FARIDABAD Plant 1: 143/4, Boulton Compound, Faridabad,
Haryana, India RDC CONCRETE GURGAON Plant 1: ITPG, Near IREO office, Grand Hyatt Residences, Sector-59, Behrampur Village, Gurgaon, Haryana, India Plant 2: Behrampur Road, Khandsa, Gurgaon –
122 001, Haryana, India RDC CONCRETE HOWRAH Plant 1: Kolkata International Logistics City, Unsani Village, Jagacha PO, RDC CONCRETE HYDERABAD Plant 1: Plot No 8/A, Survey No. 334 to 337, Sri Venkateshwra Industrial Co-operative Society,
IDA Bachupally, Rangareddy District, Hyderabad
- 500090, Telangana, India PLANT 2: Survey No. 518, Plot No. 15, Kistapur Village, Medchel Mandal, Rangareddy
(Dist.) - 501 401, Telangana, India Plant 3: Near Financial District, Khanapur
Village, Shamshabad District,
Hyderabad, India Plant 4: Plot No A1, A2, IDA Uppal, RR Dist., Hyderabad, Telangana, India Plant 5: Survey No-1004,1005 & 1006, Khanamet, Madhapur, Hyderabad, Telangana-500081, India Plant 6: Survey No-241, Srinagar Village, Thukkuguda, Maheshwaram Mandal, RR District, Hyderabad, Telangana-501359, India RDC CONCRETE JAIPUR Plant 1: Plot No. 41(A), 1, Industrial area, Jhotwara, Jaipur-301012, Rajasthan,
India RDC CONCRETE KANPUR Plant 1: BGR Energy System Limited, Neyveli Uttar Pradesh Power Limited ( NUPPL),
3X660 MW Ghatampur Thermal Power Project
Ghatampur, Near Hamirpur-209206, Uttar
Pradesh, India RDC CONCRETE KOLKATA Plant 1: Action Area–III, Block–I, Newtown, Rajarhat, Kolkata - 700 160, West Bengal, India Plant 2: C/o-ITD-ITD CEM JV, Casting Yard, Thai Camp, P.O. Hatiara, Near City Centre – II, Hanuman Temple Road, Kolkata – 700157, West Bengal,
India RDC CONCRETE MANGALORE Plant 1: Plot No 27, Baikampadi Industrial area, Opposite to Mungaru Bus Stop RDC CONCRETE MOHALI Plant 1: C-212, Phase 8-B, Mohali – 160 055, Punjab, India RDC CONCRETE MUMBAI Plant 1: Plant: IVIL, C/o RTPL, PWD Ground, Chheda Nagar, Ghatkoper – Mankhurd Link Road,
Ghatkopar, Mumbai – 400017, Maharashtra, India Plant 2: Near Vijay Lodge, MIDC Taloja Concrete Road, Khoni Naka, Plant 1: Plot No. 16B, Samitha Industrial
Complex, Sakinaka, Andheri-Kurla
Road, RDC CONCRETE PATNA Plant 1: Plot No. 39 , 38 & 19, Mauza : Gyanchak, Village & Post : Kothia, P.S. : Deedarganj, Karmali Chak to Mahuli Road, Patna-800009, Bihar, India RDC CONCRETE PUNE Plant 1: Ramtekdi Industrial Estate, Survey No. 107, Plot No. 5, Hissa No. 2B Plant 2: Survey No.146/1, Parkhi Wasti, Mangaon, Mulshi Taluka, Pune District - 411057, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Vishal Gangadhar Nevatia |
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Designation : |
Director |
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Address : |
2702, B-Wing, 27th Floor, Oberoi Sky Heights Lokhandwala, Back Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
05.08.1969 |
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Qualification : |
CA |
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Date of Appointment : |
20.03.2007 |
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PAN No.: |
AABPN1547L |
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DIN No.: |
01307857 |
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Name : |
Mr. Ashish Bhargava |
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Designation : |
Director |
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Address : |
A-237 Malviya Nagar, Jaipur – 302017, Rajasthan, India |
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Date of Birth/Age : |
18.08.1971 |
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Qualification : |
Bachelor of Engineering and Post Graduate Diploma in Management |
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Date of Appointment : |
09.07.2013 |
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PAN No.: |
AAPPB1288C |
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DIN No.: |
02574919 |
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Name : |
Mr. Anil Banchhor |
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Designation : |
Managing Director |
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Address : |
2401, Springhill, Hiranandani Estate, Patlipada, Thane (West) Thane 400607, Maharashtra, India |
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Date of Birth/Age : |
18.06.1962 |
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Qualification : |
BE. CIVIL |
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Date of Appointment : |
01.06.2016 |
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PAN No.: |
AAWPB6996C |
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DIN No.: |
03179109 |
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KEY EXECUTIVES
|
Name : |
Mrs. Rachita Chatter |
|
Designation : |
Company Secretary |
|
Address : |
C-16 Bhagat Singh Marg, Tilak Nagar, Jaipur 302004, Rajasthan, India |
|
Date of Appointment : |
27.02.2017 |
|
PAN No.: |
AZNPC3927A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
India Value Fund Trustee Company Private Limited, India |
|
8549782 |
|
Paras Nayyar |
|
01 |
|
|
|
|
|
Total |
|
8549783 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
India Value Fund Trustee Company Private Limited, India |
|
46739910 |
|
|
|
|
|
Total |
|
46739910 |
AS ON: 12.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Business of Manufacturing of Ready-mix Concrete. [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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||||
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
05 [Approximately] [As per Site Visit] |
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Bankers : |
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Facilities : |
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Financial Instituion: |
'Vishwakarma', 86C, Topsia Road, Kolkata - 700046,
West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (west), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9117R |
|
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|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company: |
Neptune Readymix Concrete Private Limited
[U26921KL2002PTC015427] |
|
|
|
|
Holding Company : |
True North Fund Trusteeship Private Limited [U65991MH2000PTC126846] |
|
|
|
|
Related Party: |
True North Ventures Private Limited [U67190MH2000PTC123712] |
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 |
|
51000000 |
Preference Shares |
INR 10/- each |
INR 510.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 600.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8549783 |
Equity Shares |
INR 10/- each |
INR 85.498
Million |
|
46739910 |
Preference Shares |
INR 10/- each |
INR 467.399
Million |
|
|
|
|
|
|
|
Total |
|
INR 552.897
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 |
552.900 |
552.900 |
552.900 |
|
(b) Reserves and Surplus |
(504.300) |
(448.900) |
(417.600) |
|
(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) |
48.600 |
104.000 |
135.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
180.100 |
27.200 |
62.400 |
|
(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) |
180.100 |
27.200 |
62.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
124.300 |
166.800 |
58.500 |
|
(b) Trade
payables |
909.600 |
606.200 |
675.400 |
|
(c) Other
current liabilities |
97.800 |
77.500 |
62.800 |
|
(d) Short-term
provisions |
6.200 |
7.400 |
6.500 |
|
Total Current
Liabilities (4) |
1137.900 |
857.900 |
803.200 |
|
|
|
|
|
|
TOTAL |
1366.600 |
989.100 |
1000.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
172.300 |
152.400 |
194.700 |
|
(ii)
Intangible Assets |
3.800 |
1.200 |
1.100 |
|
(iii) Tangible assets
capital work-in-progress |
27.800 |
0.900 |
1.100 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
87.100 |
87.100 |
87.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
83.000 |
34.600 |
38.500 |
|
(e) Other
Non-current assets |
0.000 |
1.300 |
0.800 |
|
Total Non-Current
Assets |
374.000 |
277.500 |
323.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
56.200 |
30.500 |
30.100 |
|
(c) Trade
receivables |
843.800 |
551.000 |
569.900 |
|
(d) Cash and
bank balances |
51.400 |
91.300 |
15.300 |
|
(e) Short-term
loans and advances |
20.700 |
16.800 |
20.300 |
|
(f) Other
current assets |
20.500 |
22.000 |
42.000 |
|
Total
Current Assets |
992.600 |
711.600 |
677.600 |
|
|
|
|
|
|
TOTAL |
1366.600 |
989.100 |
1000.900 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2888.300 |
2207.900 |
2301.300 |
|
|
Other Income |
8.200 |
10.400 |
1.800 |
|
|
TOTAL |
2896.500 |
2218.300 |
2303.100 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1817.100 |
1443.900 |
1501.700 |
|
|
Purchases of
Stock-in-Trade |
36.700 |
5.400 |
3.900 |
|
|
Employee benefit expense |
232.400 |
170.300 |
159.400 |
|
|
Other expenses |
794.900 |
560.900 |
618.400 |
|
|
Exceptional items |
(2.000) |
(0.100) |
27.200 |
|
|
TOTAL |
2879.100 |
2180.400 |
2310.600 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
17.400 |
37.900 |
(7.500) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
34.800 |
25.400 |
28.300 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(17.400) |
12.500 |
(35.800) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
38.000 |
43.800 |
84.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(55.400) |
(31.300) |
(120.200) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(55.400) |
(31.300) |
(120.200) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(11.73) |
(8.91) |
(19.31) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
47.100 |
35.100 |
36.900 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(65.800) |
15.100 |
42.000 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(65.800) |
15.100 |
42.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
106.63 |
91.09 |
90.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.42 |
4.01 |
4.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
179.09 |
152.67 |
163.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.31 |
1.24 |
(0.25) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.09 |
0.25 |
(0.04) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.00 |
0.93 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
7.23 |
2.20 |
1.17 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
23.41 |
8.25 |
5.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
4.20 |
1.49 |
1.46 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.50 |
1.49 |
(0.27) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(1.92) |
(1.42) |
(5.22) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(4.05) |
(3.16) |
(12.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(113.99) |
(30.10) |
(88.84) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.87 |
0.83 |
0.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.79 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.04 |
0.11 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.64 |
0.41 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.87 |
0.83 |
0.84 |
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 |
552.900 |
552.900 |
552.900 |
|
Reserves & Surplus |
(417.600) |
(448.900) |
(504.300) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
135.300 |
104.000 |
48.600 |
|
|
|
|
|
|
Long-term borrowings |
62.400 |
27.200 |
180.100 |
|
Short term borrowings |
58.500 |
166.800 |
124.300 |
|
Current maturities of
long-term debts |
36.900 |
35.100 |
47.100 |
|
Total
borrowings |
157.800 |
229.100 |
351.500 |
|
Debt/Equity
ratio |
1.166 |
2.203 |
7.233 |
%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image022.gif)
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 |
2301.300 |
2207.900 |
2888.300 |
|
|
|
(4.059) |
30.817 |
%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image024.gif)
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 |
2301.300 |
2207.900 |
2888.300 |
|
Profit/ (Loss) |
(120.200) |
(31.300) |
(55.400) |
|
|
(5.22
%) |
(1.42
%) |
(1.92
%) |
%20PRIVATE%20LIMITED%20-%20485978%2015-Jan-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
552.900 |
552.900 |
|
(b) Reserves and Surplus |
|
(429.700) |
(390.500) |
|
(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) |
|
123.200 |
162.400 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
180.100 |
27.200 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
180.100 |
27.200 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
129.000 |
177.300 |
|
(b) Trade
payables |
|
1019.600 |
685.100 |
|
(c) Other
current liabilities |
|
109.200 |
94.900 |
|
(d) Short-term
provisions |
|
8.900 |
8.000 |
|
Total Current
Liabilities (4) |
|
1266.700 |
965.300 |
|
|
|
|
|
|
TOTAL |
|
1570.000 |
1154.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
287.800 |
270.800 |
|
(ii)
Intangible Assets |
|
48.400 |
45.800 |
|
(iii) Tangible assets
capital work-in-progress |
|
27.800 |
0.900 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
89.600 |
47.400 |
|
(e) Other
Non-current assets |
|
0.000 |
1.300 |
|
Total Non-Current
Assets |
|
453.600 |
366.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
64.700 |
37.400 |
|
(c) Trade
receivables |
|
954.600 |
617.100 |
|
(d) Cash and
bank balances |
|
52.300 |
92.800 |
|
(e)
Short-term loans and advances |
|
24.000 |
19.400 |
|
(f) Other
current assets |
|
20.800 |
22.000 |
|
Total
Current Assets |
|
1116.400 |
788.700 |
|
|
|
|
|
|
TOTAL |
|
1570.000 |
1154.900 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3536.300 |
2694.700 |
|
|
Other Income |
|
8.700 |
11.600 |
|
|
TOTAL |
|
3545.000 |
2706.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2249.600 |
1772.800 |
|
|
Purchases of
Stock-in-Trade |
|
36.900 |
5.700 |
|
|
Employee benefit expense |
|
282.600 |
215.500 |
|
|
Other expenses |
|
921.900 |
645.500 |
|
|
Exceptional items before tax |
|
(2.000) |
(0.100) |
|
|
TOTAL |
|
3489.000 |
2639.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
56.000 |
66.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
37.500 |
30.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
18.500 |
36.900 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
49.800 |
58.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(31.300) |
(22.000) |
|
|
|
|
|
|
|
Less |
TAX |
|
7.900 |
0.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(39.200) |
(22.800) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(9.83) |
(7.92) |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
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
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G49020886 |
100111600 |
HDFC BANK LIMITED |
28/06/2017 |
- |
- |
200000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST)MUMBAIMH400013IN |
|
2 |
G24493702 |
100061980 |
HDFC BANK LIMITED |
14/10/2016 |
- |
- |
100000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST)MUMBAIMH400013IN |
|
3 |
C34582767 |
10532815 |
HDFC BANK LIMITED |
03/11/2014 |
- |
- |
70000000.0 |
HDFC BANK HOUSE, SENAPATIBAPAT MARG,LOWER PAREL (WEST)MUMBAIMH400013IN |
|
4 |
G49027188 |
80004270 |
HDFC BANK LIMITED |
12/01/2006 |
28/06/2017 |
- |
300000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST)MUMBAIMH400013IN |
|
5 |
G42798215 |
10423173 |
HDFC BANK LIMITED |
12/03/2013 |
- |
20/04/2017 |
60000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
C60014925 |
10375268 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
08/09/2012 |
- |
27/07/2015 |
1795001.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
7 |
C60010154 |
10374862 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
22/08/2012 |
- |
27/07/2015 |
17176360.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
8 |
C42639526 |
10445306 |
HDFC BANK LIMITED |
03/07/2013 |
- |
03/02/2015 |
120000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
B83553859 |
10338181 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
05/01/2012 |
- |
30/08/2013 |
112424791.07 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
10 |
B83562462 |
10338188 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
15/01/2012 |
- |
30/08/2013 |
88632811.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
OBSERVATION POINTS
|
Name of Company : |
RDC CONCRETE (INDIA) PRIVATE LIMITED |
|
|
|
|
Address : |
DIL Complex, 701, 7th Floor, Thane One Corporate, IT Park,
Ghodhunder Road, Majiwade, Thane-400610, Maharashtra, India |
|
Contact No.: |
91-9594743324 |
|
|
|
|
Date of Visit : |
13.01.2018 |
|
|
|
|
Person to whom we met: |
Mr. Nishant [Office Executive] |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Next to Tatvagyan Visyapeeth |
|
|
|
|
Total Floors of the Building : |
16 Floors |
|
|
|
|
Subject situated on: |
7th Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
05 [Approximately] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Telex ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Proof of visit: |
Photos |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
100.000 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
0.500 |
53.200 |
|
|
|
|
|
Total |
100.500 |
53.200 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against company not acknowledged as debt |
59.900 |
64.400 |
|
Guarantees |
22.500 |
47.300 |
|
Other money for which company is contingently liable |
337.300 |
312.500 |
CORPORATE INFORMATION
Subject is a private limited company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is in the business of Ready-mix Concrete Manufacturing with plants at various locations across India
OPERATIONS:
The Company continues to be engaged in the business of Ready-mix Concrete manufacturing with plants at various locations across India.
During the year, the Company has earned a total revenue (gross revenue from operations) of INR 2941.500 Million which is to some extent higher than the previous year’s total revenue of INR 2248.900 Million. The Company incurred a Net Loss amounting to INR 55.400 Million during the year as against a Net Loss of INR 31.300 Million incurred in the previous financial year.
FUTURE OUTLOOK:
The
market for Ready-mix Concrete is largely depending on construction activities
including residential, commercial and infrastructure projects. Although since
last couple of years there has been a slowdown in the construction activities
particularly in the infrastructure sector, there has been a good demand coming
from select markets such as Bangalore, Kolkata, Cochin, Chennai etc. However,
the market is expected to remain extremely competitive with cement players
looking towards forward integration and the new unorganized entrants in the
market. The Company is well poised to grow from the existing plants by
capitalizing the goodwill it earned already.
FIXED ASSETS:
· Land
· Factory building
· Plant and equipment
· Furniture and fixtures
· Motor vehicles
· Office equipment
· Computer equipments
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 63.53 |
|
UK Pound |
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
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Analysis Done by
: |
VIV |
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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.