|
|
|
MIRA INFORM REPORT
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Report No. : |
487263 |
|
Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE PANELS AND SWITCHGEARS PRIVATE LIMITED |
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|
|
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Registered
Office : |
A 257, DSIDC, Narela Industrial Park, Narela, Delhi – 110040 |
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Tel. No.: |
91-11-27787322/ 27787333/ 27787344 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
03.06.2002 |
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|
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Com. Reg. No.: |
55-115650 |
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|
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Capital
Investment / Paid-up Capital : |
INR 79.012 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909DL2002PTC115650 |
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|
|
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IEC No.: |
0503074942 |
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|
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GSTIN No.: |
07AADCA6472A1Z1 |
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|
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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.] |
AADCA6472A |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Low Voltage and Medium Voltage Panels,
Switchgear. [Registered Activity and
also Confirmed by management] |
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|
|
|
No. of Employees
: |
756 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2002 and it is a manufacturer of low voltage and medium voltage panels, switchgears. As per financials of March 2017, the company has registered a growth of 7.40% in its revenue as compared to its previous year’s revenue and has reported fair profit margin of 4.24% under review. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with strong debt coverage indicators and decent liquidity position. Rating also takes into account the comfortable market position in the electrical equipment industry and established customer relationships. Further, the company has reported earnings per share of INR 5.48 against its face value of INR 10. However, rating strength is partially offset by its presence in large working capital requirement electrical equipment industry. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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 |
25.07.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
25.07.2017 |
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 22.01.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Jitendra Jain |
|
Designation : |
Director |
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Contact No.: |
91-9350290803 |
|
Date : |
20.01.2018 |
LOCATIONS
|
Registered Office / Factory 1: |
A-257, DSIDC, Narela Industrial Park, Narela, Delhi – 110040, India |
|
Tel. No. : |
91-11-27787322/ 27787333/ 27787344/ 32594220 |
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Mobile No. : |
91-9350290802 (Ms. Priya Rathod) 91-9350290803 (Ms. Priya Rathod) |
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Fax No. : |
91-11-32594220/ 27785637 |
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E-Mail : |
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Website : |
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Location: |
Leased |
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Locality: |
Commercial |
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Factory 2: |
Plot No.30 and 31, Sector-5, SIDCUL, Ranipur, I.I.E Haridwar, Uttarakhand,
India |
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Tel. No. : |
91-1334-321918 |
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Fax No. : |
91-1334-239409 |
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Factory 3: |
Plot No. 1267, HSIIDC, Rai Industrial Estate, District Sonepat - 131029, Haryana, India |
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Tel No.: |
91-130-2367004 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Suresh Raj Jain |
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Designation : |
Director |
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Address : |
241, Vivekanand Puri, Sarai, Rohilla, Delhi - 110007, India |
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Date of Birth/Age : |
01.07.1952 |
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Qualification: |
Graduate |
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Date of Appointment : |
03.06.2002 |
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PAN No.: |
AAGPJ4215L |
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DIN No.: |
00014905 |
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Other Directorship:
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Name : |
Mr. Jitendra Jain |
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Designation : |
Director |
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Address : |
241, Vivekanand Puri, Sarai, Rohilla, Delhi - 110007, India |
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Date of Birth/Age : |
08.11.1977 |
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Qualification: |
Graduate |
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Date of Appointment : |
03.06.2002 |
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PAN No.: |
AAGPJ7013E |
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DIN No.: |
00014906 |
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Other Directorship:
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||||||||||||||||||||||||||||
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Name : |
Mr. Jaskanwar Jain |
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Designation : |
Director |
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Address : |
241, Vivekanand Puri, Sarai, Rohilla, Delhi - 110007, India |
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Date of Birth/Age : |
01.08.1954 |
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Qualification: |
Graduate |
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Date of Appointment : |
01.04.2006 |
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PAN No.: |
AAGPJ4216K |
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DIN No.: |
00453783 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Suresh Raj Jain |
|
3592818 |
|
Jitendra Jain |
|
505500 |
|
Jaskanwar Jain |
|
780390 |
|
Suresh Raj Jain (HUF) |
|
195000 |
|
Bholebaba Vinimay Private Limited, India |
|
2827500 |
|
Total |
|
7901208 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
64.21 |
|
Promoters – [Bodies corporate] |
35.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Low Voltage and Medium Voltage Panels,
Switchgear. [Registered Activity and
also Confirmed by management] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque and RTGS/ NEFT |
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Purchasing : |
Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
756 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Doogar and Associates Chartered Accountants |
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Address : |
13, Community Centre, East of Kailash, New Delhi – 110065, India |
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PAN No.: |
AACFD8728L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company: |
Advance EPC Contracts Private Limited [CIN No.:U74140DL2015PTC282677] |
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|
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives: |
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CAPITAL STRUCTURE
AS ON 30.09.2017
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 |
|
|
|
|
|
|
7901208 |
Equity Shares |
INR 10/- each |
INR 79.012 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
79.012 |
79.012 |
79.012 |
|
(b) Reserves &
Surplus |
424.848 |
383.445 |
347.417 |
|
(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) |
503.860 |
462.457 |
426.429 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6.160 |
2.524 |
0.265 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.149 |
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) |
6.160 |
2.673 |
0.265 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
100.406 |
111.504 |
99.867 |
|
(b) Trade payables |
122.796 |
117.404 |
68.891 |
|
(c) Other current
liabilities |
46.504 |
41.762 |
34.292 |
|
(d) Short-term provisions |
2.971 |
3.463 |
10.012 |
|
Total Current Liabilities
(4) |
272.677 |
274.133 |
213.062 |
|
|
|
|
|
|
TOTAL |
782.697 |
739.263 |
639.756 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
73.601 |
66.447 |
64.727 |
|
(ii) Intangible Assets |
2.269 |
4.100 |
5.860 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.856 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4.000 |
4.000 |
2.000 |
|
(c) Deferred tax assets
(net) |
0.243 |
0.000 |
0.619 |
|
(d) Long-term Loan and Advances |
36.929 |
17.323 |
6.949 |
|
(e) Other Non-current
assets |
14.290 |
19.813 |
24.597 |
|
Total Non-Current Assets |
131.332 |
111.683 |
105.608 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
338.071 |
254.048 |
208.835 |
|
(c) Trade receivables |
298.281 |
352.632 |
301.309 |
|
(d) Cash and cash
equivalents |
1.280 |
5.635 |
5.442 |
|
(e) Short-term loans and
advances |
13.733 |
15.265 |
18.562 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
651.365 |
627.580 |
534.148 |
|
|
|
|
|
|
TOTAL |
782.697 |
739.263 |
639.756 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1022.029 |
951.591 |
1013.168 |
|
|
Other Income |
9.520 |
5.778 |
7.997 |
|
|
TOTAL |
1031.549 |
957.369 |
1021.165 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
831.395 |
765.105 |
786.066 |
|
|
Purchases of
Stock-in-Trade |
0.428 |
2.031 |
10.179 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(24.167) |
(7.734) |
17.057 |
|
|
Employees benefits
expense |
92.536 |
82.177 |
77.346 |
|
|
CSR
expenditure |
5.188 |
0.000 |
0.000 |
|
|
Other expenses |
51.529 |
45.132 |
43.296 |
|
|
TOTAL |
956.909 |
886.711 |
933.944 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
74.640 |
70.658 |
87.221 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.507 |
6.089 |
11.980 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
68.133 |
64.569 |
75.241 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.870 |
12.156 |
10.617 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
56.263 |
52.413 |
64.624 |
|
|
|
|
|
|
|
Less |
TAX |
12.958 |
14.483 |
17.114 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
43.305 |
37.930 |
47.510 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
42.991 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
42.991 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
5.48 |
4.80 |
6.50 |
|
|
Diluted |
5.48 |
4.80 |
6.50 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.630 |
5.466 |
0.759 |
|
Net cash flows from (used in) operations |
53.628 |
31.184 |
153.334 |
|
Net cash flows from (used in) operating activities |
41.459 |
16.565 |
134.322 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
106.53 |
135.26 |
108.55 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
3.43 |
2.70 |
3.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
53.88 |
55.86 |
31.58 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.22 |
0.28 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.98 |
1.00 |
1.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.36 |
0.38 |
0.33 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.22 |
0.26 |
0.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.54 |
0.59 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.15 |
0.15 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
11.47 |
11.60 |
7.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
4.24 |
3.99 |
4.69 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.53 |
5.13 |
7.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.59 |
8.20 |
11.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.39 |
2.29 |
2.51 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.15 |
1.36 |
1.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.64 |
0.63 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.41 |
1.51 |
1.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.39 |
2.29 |
2.51 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
79.012 |
79.012 |
79.012 |
|
Reserves & Surplus |
347.417 |
383.445 |
424.848 |
|
Net
worth |
426.429 |
462.457 |
503.860 |
|
|
|
|
|
|
Long Term borrowings |
0.265 |
2.524 |
6.160 |
|
Short Term borrowings |
99.867 |
111.504 |
100.406 |
|
Current Maturities of Long term debt |
0.759 |
5.466 |
4.630 |
|
Total
borrowings |
100.891 |
119.494 |
111.196 |
|
Debt/Equity
ratio |
0.237 |
0.258 |
0.221 |
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
|
1013.168 |
951.591 |
1022.029 |
|
|
|
(6.078) |
7.402 |
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
|
1013.168 |
951.591 |
1022.029 |
|
Profit |
47.510 |
37.930 |
43.305 |
|
|
4.69% |
3.99% |
4.24% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
79.012 |
79.012 |
|
(b) Reserves and Surplus |
|
426.862 |
383.589 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
505.874 |
462.601 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.160 |
2.523 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.151 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.228 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
6.388 |
2.674 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
108.436 |
111.504 |
|
(b) Trade
payables |
|
163.423 |
117.627 |
|
(c) Other
current liabilities |
|
56.154 |
42.502 |
|
(d) Short-term
provisions |
|
2.811 |
3.485 |
|
Total Current
Liabilities (4) |
|
330.824 |
275.118 |
|
|
|
|
|
|
TOTAL |
|
843.086 |
740.393 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
75.682 |
68.303 |
|
(ii)
Intangible Assets |
|
2.304 |
4.147 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.000 |
2.000 |
|
(c) Deferred tax assets (net) |
|
0.342 |
0.000 |
|
(d)
Long-term loans and advances |
|
3.978 |
4.013 |
|
(e) Other
Non-current assets |
|
20.164 |
25.281 |
|
Total Non-Current
Assets |
|
104.470 |
103.744 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
363.741 |
254.048 |
|
(c) Trade
receivables |
|
315.438 |
355.003 |
|
(d) Cash and
bank balances |
|
1.389 |
5.910 |
|
(e)
Short-term loans and advances |
|
15.262 |
15.524 |
|
(f) Other
current assets |
|
42.786 |
6.164 |
|
Total
Current Assets |
|
738.616 |
636.649 |
|
|
|
|
|
|
TOTAL |
|
843.086 |
740.393 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1093.789 |
963.504 |
|
|
Other Income |
|
8.137 |
5.568 |
|
|
TOTAL |
|
1101.926 |
969.072 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
0.428 |
2.031 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(24.167) |
(7.734) |
|
|
Employee benefit expense |
|
98.653 |
83.335 |
|
|
CSR expenditure |
|
5.188 |
0.000 |
|
|
Other expenses |
|
945.446 |
820.313 |
|
|
TOTAL |
|
1025.548 |
897.945 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
76.378 |
71.127 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
4.976 |
6.189 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
71.402 |
64.938 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
12.448 |
12.314 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
58.954 |
52.624 |
|
|
|
|
|
|
|
Less |
TAX |
|
13.778 |
14.551 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
45.176 |
38.073 |
|
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
|
0.000 |
0.000 |
|
|
Share of profit (loss) of
associates |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
45.175 |
38.074 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
5.72 |
4.82 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: The registered
address of the company has been shifted from 241, Vevekanand Puri Sarai, Rohilla,
Delhi – 110007, India to the present address w.e.f. 23.08.2004
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Term loans from others |
0.000 |
0.002 |
|
Total |
0.000 |
0.002 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C79103503 |
10620275 |
STATE BANK OF INDIA |
02/02/2016 |
- |
- |
50000000.0 |
SME BRANCH23, NAJAFGARH ROAD, NEW DELHI – 110015, INDIA |
|
2 |
A61162152 |
10017102 |
STATE BANK OF INDIA |
17/08/2006 |
19/03/2009 |
- |
7396000.0 |
23, NAJAFGARH ROAD, NEW DELHI – 110015, INDIA |
|
3 |
C79102463 |
10017388 |
STATE BANK OF INDIA |
17/08/2006 |
02/02/2016 |
- |
230000000.0 |
SME BRANCH23, NAJAFGARH ROAD, NEW DELHI – 110015, INDIA |
|
4 |
Y10134929 |
90054834 |
STATE BANK OF INDIA |
11/03/2003 |
13/03/2006 |
- |
8500000.0 |
COMMERCIAL BRANCHNAZAFGARH ROAD NEW DELHI, NEW DELHI – 110015, INDIA |
|
5 |
G08890246 |
10513770 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
08/08/2014 |
- |
13/07/2016 |
9000000.0 |
25, BARAKHAMA ROAD, NEW DELHI – 110001, INDIA |
|
6 |
G08891608 |
10591053 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
07/09/2015 |
- |
13/07/2016 |
100000000.0 |
BIRLA TOWERS25 BARAKHAMBA ROAD, NEW DELHI – 110001, INDIA |
|
7 |
G08888760 |
10512431 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
06/08/2014 |
- |
13/07/2016 |
20000000.0 |
25, BARAKHAMA ROAD, NEW DELHI – 110001, INDIA |
|
8 |
G08893513 |
10512429 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
06/08/2014 |
- |
13/07/2016 |
120000000.0 |
25, BARAKHAMA ROAD, NEW DELHI – 110001, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Computer Equipment
·
Vehicles
·
Office Equipment
·
Motor Vehicles
Intangible assets
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
GEET |
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 |
YES |
|
--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.