|
|
|
MIRA INFORM REPORT
|
Report No. : |
486594 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECHNICAL ASSOCIATES LIMITED (w.e.f. 25.09.2002) |
|
|
|
|
Formerly Known
As : |
T. A. TRANSFORMERS LIMITED |
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|
|
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Registered
Office : |
Triveni House No.1, Nawal Kishore Road, Hazratganj, Lucknow – 226001,
Uttar Pradesh, India |
|
Tel. No.: |
91-522-2721382/ 4053601/ 4053600 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
20.01.1988 |
|
|
|
|
Com. Reg. No.: |
20-007884 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 30.987 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100UP1988PLC007884 |
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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.] |
AABCT7365F |
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|
|
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GSTIN : |
Not Divulged |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
|
|
Line of Business
: |
(Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4000000 |
|
|
|
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Technical Associates Limited is a Manufacturer of Power and
Distribution Transformers. The company was incorporated in the year 1988 and
is based in Lucknow, Uttar Pradesh. It is established company incorporated in
the year 1988 having excellent track. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved fair profit margin at 4.47% (approx.). The company possesses robust financial profile marked by healthy net
worth base along with low debt level and favourable gap between trade
payables to its trade receivables. Rating also reflects long standing of the company and extensive
experience of the promoters in the transformed industry. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. In view of aforesaid, the company can be considered for business
dealings at usual 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 |
CRISIL |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
13.06.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
13.06.2017 |
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 17.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-522-2721382/
4053601/ 4053600)
LOCATIONS
|
Registered Office : |
Triveni House No.1, Nawal Kishore Road, Hazratganj, Lucknow – 226001,
Uttar Pradesh, India |
|
Tel. No.: |
91-522-2721382/ 4053601/ 4053600 |
|
Fax No.: |
91-522-2721381 |
|
E-Mail : |
|
|
Website : |
http://www.techasso.com |
|
|
|
|
Head Office/ Factory : |
8th km, Faizabad Road, Ismailganj, Lucknow – 226016, Uttar
Pradesh, India |
|
Tel. No.: |
91-522-4053600 |
|
Fax No.: |
91-522-4053601/ 2721381 |
|
E-Mail : |
|
|
|
|
|
Sitarganj
Works (EHV Plant) : |
B-7, Eldeco Sidcul Industrial Park,
Sitarganj, District U.S. Nagar – 262405, Uttarakhand, India |
|
Tel. No.: |
91-594-8256032 |
|
Fax No.: |
91-594-8256031 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Narendra Kumar |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1/73, Vishwas Khand – I, Gomti Nagar, Lucknow – 226010, Uttar Pradesh,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.09.1943 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B Tech |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.07.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
AATPK0105B |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00091645 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Vishnu Agarwal |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
1, Kishna Colony Faizabad Road, Lucknow – 226006, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
19.11.1944 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B tech |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.08.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ACLPA9919K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00590634 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Saroj Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1, Kishna colony Faizabad Road, Lucknow – 226006, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
08.08.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
CA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
28.02.1996 |
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PAN No.: |
ADNPA7728F |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00590796 |
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Other Directorship:
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vinamra Agaral |
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|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1, Kishna Colony Faizabad Road, Lucknow – 226006, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
23.07.1978 |
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|
Qualification : |
MBA |
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Date of Appointment : |
01.11.2007 |
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PAN No.: |
ACGPA2792P |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00590859 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Palanivel Mudaliar |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
65, Church Road, Vishnupur, Aliganj, Lucknow – 226021, Uttar Pradesh,
India |
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Date of Birth/Age : |
10.01.1948 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Retired IPS |
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|
Date of Appointment : |
02.12.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
AICPP6775F |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
02348153 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDER’S DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
50.04 |
|
Promoter - Bodies
corporate |
49.67 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
(Registered activity) |
||||
|
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|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P. Tandon and Company Chartered Accountant |
|
Address : |
Shanti Nikunj, 15 New Civil Lines, Near Ram Vatika, Gate No. 3,
Bareilly – 243001, Uttar Pradesh, India |
|
Tel. No.: |
91-581-2510022/2511237 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP7729Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
U40300UP2010PTC041611
U45400UP2012PTC049173
U45202UP1989PLC010606 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3098653 |
Equity Shares |
INR 10/- each |
INR 30.987
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.987 |
30.987 |
30.987 |
|
(b) Reserves and Surplus |
1419.881 |
1254.347 |
1198.615 |
|
(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) |
1450.868 |
1285.334 |
1229.602 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
981.636 |
1223.446 |
915.510 |
|
(b) Trade
payables |
1031.399 |
1026.580 |
359.464 |
|
(c) Other current
liabilities |
101.221 |
76.425 |
37.224 |
|
(d) Short-term
provisions |
8.812 |
9.289 |
9.143 |
|
Total Current
Liabilities (4) |
2123.068 |
2335.740 |
1321.341 |
|
|
|
|
|
|
TOTAL |
3573.936 |
3621.074 |
2550.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
357.362 |
437.130 |
492.086 |
|
(ii)
Intangible Assets |
0.399 |
0.747 |
1.095 |
|
(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 |
50.400 |
0.300 |
0.300 |
|
(c) Deferred tax assets (net) |
10.397 |
18.457 |
28.968 |
|
(d)
Long-term loans and advances |
38.284 |
8.099 |
7.123 |
|
(e) Other Non-current
assets |
2.048 |
2.048 |
2.048 |
|
Total Non-Current
Assets |
458.890 |
466.781 |
531.620 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
193.821 |
372.695 |
233.844 |
|
(c) Trade
receivables |
1752.419 |
1673.844 |
723.298 |
|
(d) Cash and
bank balances |
859.978 |
806.025 |
767.162 |
|
(e)
Short-term loans and advances |
285.043 |
282.476 |
282.269 |
|
(f) Other
current assets |
23.785 |
19.253 |
12.750 |
|
Total Current
Assets |
3115.046 |
3154.293 |
2019.323 |
|
|
|
|
|
|
TOTAL |
3573.936 |
3621.074 |
2550.943 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3730.517 |
3070.024 |
1783.214 |
|
|
Other Income |
66.517 |
67.979 |
72.715 |
|
|
TOTAL |
3797.034 |
3138.003 |
1855.929 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2817.658 |
2583.599 |
1551.040 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
176.676 |
(66.677) |
(107.422) |
|
|
Employee benefit expense |
98.833 |
77.902 |
66.760 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to exploration
and production activities |
53.505 |
45.633 |
29.660 |
|
|
Other expenses |
251.780 |
201.735 |
123.705 |
|
|
TOTAL |
3398.452 |
2842.192 |
1663.743 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
398.582 |
295.811 |
192.186 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
95.164 |
88.176 |
71.339 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
303.418 |
207.635 |
120.847 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
53.681 |
66.809 |
60.822 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
249.737 |
140.826 |
60.025 |
|
|
|
|
|
|
|
Less |
TAX |
82.810 |
62.347 |
29.776 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
166.927 |
78.479 |
30.249 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
53.871 |
25.327 |
9.762 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
377.213 |
(163.523) |
(682.239) |
|
Net cash flows from (used in) operating activities |
302.462 |
(221.667) |
(706.746) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
171.46 |
199.01 |
148.05 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
2.13 |
1.83 |
2.47 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
133.61 |
145.03 |
84.59 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
2.06 |
0.79 |
0.82 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.11 |
0.68 |
0.39 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.59 |
0.65 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.68 |
0.95 |
0.74 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.46 |
1.82 |
1.07 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.25 |
0.34 |
0.40 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.19 |
3.35 |
2.69 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
4.47 |
2.56 |
1.70 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
4.67 |
2.17 |
1.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
11.51 |
6.11 |
2.46 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.47 |
1.35 |
1.53 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.38 |
1.19 |
1.35 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.41 |
0.35 |
0.48 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
31.68 |
39.48 |
29.54 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.47 |
1.35 |
1.53 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
30.987 |
30.987 |
30.987 |
|
Reserves & Surplus |
1198.615 |
1254.347 |
1419.881 |
|
Net
worth |
1229.602 |
1285.334 |
1450.868 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
915.510 |
1223.446 |
981.636 |
|
Total
borrowings |
915.510 |
1223.446 |
981.636 |
|
Debt/Equity
ratio |
0.745 |
0.952 |
0.677 |
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 |
1783.214 |
3070.024 |
3730.517 |
|
|
|
72.162 |
21.514 |
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 |
1783.214 |
3070.024 |
3730.517 |
|
Profit/ (Loss) |
30.249 |
78.479 |
166.927 |
|
|
1.70
% |
2.56
% |
4.47
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.987 |
30.987 |
|
(b) Reserves and Surplus |
|
1419.832 |
1254.223 |
|
(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) |
|
1450.819 |
1285.210 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(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) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
981.636 |
1223.445 |
|
(b) Trade
payables |
|
1160.988 |
1026.580 |
|
(c) Other
current liabilities |
|
101.306 |
76.434 |
|
(d) Short-term
provisions |
|
9.231 |
9.290 |
|
Total Current
Liabilities (4) |
|
2253.161 |
2335.749 |
|
|
|
|
|
|
TOTAL |
|
3703.980 |
3620.959 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
395.904 |
438.809 |
|
(ii)
Intangible Assets |
|
0.399 |
0.747 |
|
(iii) Tangible assets
capital work-in-progress |
|
170.548 |
1.091 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
10.397 |
18.458 |
|
(d)
Long-term loans and advances |
|
5.374 |
5.374 |
|
(e) Other
Non-current assets |
|
2.048 |
2.048 |
|
Total Non-Current
Assets |
|
584.670 |
466.527 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
193.821 |
372.695 |
|
(c) Trade
receivables |
|
1752.419 |
1673.844 |
|
(d) Cash and
bank balances |
|
861.619 |
806.163 |
|
(e)
Short-term loans and advances |
|
287.629 |
282.475 |
|
(f) Other
current assets |
|
23.822 |
19.255 |
|
Total
Current Assets |
|
3119.310 |
3154.432 |
|
|
|
|
|
|
TOTAL |
|
3703.980 |
3620.959 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3730.517 |
3070.024 |
|
|
Other Income |
|
66.812 |
68.037 |
|
|
TOTAL |
|
3797.329 |
3138.061 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2817.658 |
2583.599 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
176.676 |
(66.677) |
|
|
Employee benefit expense |
|
98.833 |
77.902 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
|
53.505 |
45.633 |
|
|
Other expenses |
|
251.933 |
201.776 |
|
|
TOTAL |
|
3398.605 |
2842.233 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
398.724 |
295.828 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
95.164 |
88.176 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
303.560 |
207.652 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
53.681 |
66.809 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
249.879 |
140.843 |
|
|
|
|
|
|
|
Less |
TAX |
|
82.835 |
62.352 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
167.044 |
78.491 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
53.909 |
25.331 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been
shifted from 8th K.M. Faizabad Road, Krishna Nagar, Lucknow – 226016, Uttar
Pradesh, India to the present address w.e.f.
14.11.2009
BRIEF DESCRIPTION OF THE
COMPANYS WORKING DURING THE YEAR/STATE OF COMPANYS AFFAIR
The company is primarily engaged in the business of electrical engineering and real estate. The company’s performance was satisfactory during the year.
OUTLOOK:
Establishment of New Factory at Sitarganj, Uttarakhanj. The manufacturing plant at Sitarganj is spread out over 12.5 acres and is fully equipped to Manufacture EHV Power transformers up to the 765 kV voltage class. The manufacturing sheds occupy a total covered area of approx. 23000 sq. mtrs ranging from 4 mtrs. To 24 meters in height, and spans of 16 mtrs to 24 mtrs. The plant has been designed for optimal material and flow, and Integrated manufacturing operations with separate bays planned for :
Single phase and Three phase 11 kV Distribution Transformers Three phase 33 kV Distribution Transformers Three phase 66 and 132 kV Power Transformers Single phase and Three phase 220 and 400 kV Power Transformers Coil Winding Insulation Processing Core Slitting, Annealing and Cutting Mild Steel Fabrication Impulse Testing Laboratory
For our next stage of growth - our attempt is to leverage our past experience, knowledge and credentials, to benchmark ourselves against global leaders, and to build continuous value for our Customers, Employees, Vendors and Shareholders.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A10981298 |
10038154 |
BANK OF BARODA |
29/12/2006 |
- |
- |
20000000.0 |
Narhi Branch, 4 - A, Park Road, Narhi, Lucknow – 226001, Uttar Pradesh, India |
|
2 |
G45837606 |
90275947 |
BANK OF BARODA |
24/07/2004 |
08/06/2017 |
- |
3500000000.0 |
4/A, Park Road, Narhi, Lucknow – 226001, Uttar Pradesh, India |
|
3 |
Y10396021 |
90279434 |
BANK OF BARODA |
19/12/1998 |
24/02/2002 |
- |
70000000.0 |
4/A, Park Road, Narhi, Lucknow – 226001, Uttar Pradesh, India |
|
4 |
Y10395285 |
90278698 |
BANK OF BARODA |
08/07/1994 |
24/02/2002 |
- |
6000000.0 |
4/A, Park Road, Narhi, Lucknow – 226001, Uttar Pradesh, India |
FIXED 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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.