|
|
|
MIRA INFORM REPORT
|
Report No. : |
487856 |
|
Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
APARNA ENTERPRISES LIMITED [w.e.f.01.09.1998] |
|
|
|
|
Formerly Known
As : |
APARNA ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D. No 8-2-293/82/A, Plot No.1214, Road No.60, Jubilee Hills, Hyderabad-500033, Telangana |
|
Tel. No.: |
91-40-23357761 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.12.1994 |
|
|
|
|
Com. Reg. No.: |
36-018950 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 167.830 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109TG1994PLC018950 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
36AABCA9108R1Z8 |
|
|
|
|
TIN No.: |
36630209467 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA9108R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Trading of Tiles, Sanitary items and Manufacturer of Ready Mix Concrete (RMC), Cement Bricks, UPVC Windows and Doors & Metal Aggregates. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4153600 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Aparna Enterprises Limited was incorporated in the year 1994. It is a Trading of Tiles, Sanitary items and Manufacturer of Ready Mix Concrete (RMC), Cement Bricks, UPVC Windows and Doors & Metal Aggregates. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 1.33%. The sound financial profile of the company is marked by healthy networth base along with comfortable debt coverage indicators. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by High competition in the RMC segment from large integrated players and also from several unorganized players owing to low value addition nature of business. Business is active. Payments are reported to be slow but 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 |
ICRA |
|
Rating |
Long Term=BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
22.02.2017 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
22.02.2017 |
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 25.01.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Chandra Shekhar |
|
Contact No.: |
91-9848024345 |
|
Date : |
24.01.2018 |
MANAGEMENT NON-COOPERATIVE [Contact No: 91-40-23357760]
LOCATIONS
|
Registered/ Corporate Office/ UNISPACE : |
D. No 8-2-293/82/A, Plot No.1214, Road No. 60, Jubilee Hills, Hyderabad-500033, Telangana, India |
|
Tel. No.: |
91-40-23357761/ 23606245/ 23357760 |
|
Mobile No.: |
91-9848024345 [Mr. Chandra Shekhar] |
|
Fax No.: |
91-40-23606246 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Survey No.912, 913, 914. A.D.B. Road, Peddapurm
Village, East Godavari-533437, Andhra Pradesh, India |
|
|
|
|
DIVISIONS
LOCATION: |
|
|
Venster uPVC : |
Miyapur Plant Survey No: 343/A, Bachupally, Miyapur, Hyderabad-72, Andhra Pradesh, India Showroom/Office Shop No. 1, Crystal Commercial Complex, Srinagar, Rama
Talkies Road NO:30/73,Kamaraj Salai, Raja Annamalaipuram, Chennai – 600 028, Tamilnadu, India Bangalore Office No.34, Lotus Towers, 3rd Floor, Devaraja URS Road, Race Course, Bangalore – 560001, Karnataka, India Tel No: 91-80-22644888 Fax No: 91-80-22644800 Vijayawada Office # 27/12/75, Gandikota Complex, Prakasam Road, Governor
Pet, |
|
|
|
|
Ready Mix Concrete
: |
Miyapur Plant Survey No-345, Miyapur, Hyderabad – 500 050, Telangana, India Serilingampally Plant Adjacent to Aparna Sarovar, Near Navodaya School, Kanchagachibowli, Nallagandla, Serilingampally Mandal, RR District, Telangana, India Uppal Plant Plot No: P-2/6, Beside Toyota Service Centre, IDA Uppal, Hyderabad – 500 039, Telangana, India Shamshabad Plant Plot No-17 & 17 A, APIIC Industrial Estate Srisailam Road, Maheshwaram Mandal, IDA Mankhal, Shamshabad, RR District, Telangana, India Madhurawada Plant Survey No-370, Kapula Uppada Village K Nagarapalem Panchayat, Bheemunipatnam Mandal, Visakhapatnam, Andhra Pradesh, India Chennai Office/Showroom NO:30/73,Kamaraj Salai, Raja Annamalaipuram, Chennai – 600028, Tamilnadu, India Bengaluru Sy.No.99/2, Kadinganahalli Village, Jala Hobli, Bangalore North Taluk, Vidyanagar, Bangalore- 562157 .Karnataka, India
|
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Subramanyam Reddy Sannareddy |
|
Designation : |
Director |
|
Address : |
H-No 8-2-293/82/A/1212, Road No 60 Jublee Hills Hyderabad 500033,
Telangana, India |
|
Date of Birth/Age : |
20.06.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.12.1994 |
|
PAN No.: |
AMFPS2391R |
|
DIN No.: |
00021348 |
|
|
|
|
Name : |
Mr. Sannareddy Padma Reddy |
|
Designation : |
Whole-time Director |
|
Address : |
Plot No.1212,H.No.8-2-293/82/A/1212, Road No.60, Jubilee Hills, Hyderabad 500033, Telangana, India |
|
Date of Birth/Age : |
17.01.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.12.1994 |
|
PAN No.: |
AMFPS2392N |
|
DIN No.: |
00021395 |
|
|
|
|
Name : |
Mr. Sannareddy Aparna Reddy |
|
Designation : |
Whole-time Director |
|
Address : |
Plot No.1049, H.No. 8-2-293/82/A Road No.52, Jubilee Hills, Hyderabad- 500033, Telangana, India |
|
Date of Birth/Age : |
25.04.1987 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
23.11.2005 |
|
PAN No.: |
BIGPS4250P |
|
DIN No.: |
00021443 |
|
|
|
|
Name : |
Jujjavarapu Achyuta Rama Rao |
|
Designation : |
Director |
|
Address : |
8-2-120/110/1/5, Flat No.201, Vijaya Residency Road No.14, Banjara Hills Hyderabad 500034, Telangana, India |
|
Date of Birth/Age : |
02.05.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.08.2014 |
|
PAN No.: |
ACDPJ5611M |
|
DIN No.: |
00614443 |
|
|
|
|
Name : |
Mr. Devarapalli Prasad Someswara |
|
Designation : |
Director |
|
Address : |
23,Aparna Senor Valley,Road No.13 Extention Near Rama Naidu Color Lab,Film Nagar, Hyderabad-500096, Telangana, India |
|
Date of Birth/Age : |
11.08.1954 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
ADHPD1775H |
|
DIN No.: |
00933079 |
|
|
|
|
Name : |
Mr. Kanumuri Slss Sita Rama Raju |
|
Designation : |
Whole-time Director |
|
Address : |
P.No. 137,Road No.71,Jubilee Hills Nava Nirman Nagar, Hyderabad-500033, Telangana, India |
|
Date of Birth/Age : |
14/02/1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
27/06/1998 |
|
PAN No.: |
AGFPK2237G |
|
DIN No.: |
01790581 |
|
|
|
|
Name : |
Pochana Aswin Reddy |
|
Designation : |
Managing Director |
|
Address : |
Plot No.1049, H.No. 8-2-293/82/A Road No.52, Jubilee Hills, Hyderabad- 500033, Telangana, India |
|
Date of Birth/Age : |
17.02.1985 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
28.08.2009 |
|
PAN No.: |
AIVPP1652Q |
|
DIN No.: |
01839213 |
KEY EXECUTIVES
|
Name : |
Mr. Govinda Rao Korada |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
H. No. 7-2-729/Srt/508 Sanath Nagar, Hyderabad-500018,
Telangana, India |
|
Date of Birth/Age : |
01.07.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.08.2014 |
|
PAN No.: |
ABZPK0057B |
|
|
|
|
Name : |
Mrs. Rekha G Jadhav |
|
Designation : |
Company Secretary |
|
Address : |
Plot No.1/A, Chandrapuri Colony A S Rao Nagar, Kapra, Hyderabad 500062, Telangana, India |
|
Date of Birth/Age : |
17.01.1989 |
|
Qualification : |
CS LLB |
|
Date of Appointment : |
15.07.2015 |
|
PAN No.: |
AXWPG1149F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
11547032 |
|
S. Padma Reddy |
|
642340 |
|
S. Aparna Reddy |
|
3983487 |
|
C.V. Reddy |
|
100 |
|
B.V. Srinivas Reddy |
|
100 |
|
D.S. Prasad |
|
100 |
|
Gopal Krishna Raju |
|
100 |
|
K. SLSS Sita Rama Raju |
|
100 |
|
S.S. Reddy (HUF) |
|
268000 |
|
P. Aswin Reddy |
|
341630 |
|
|
|
|
|
Total |
|
16782989 |
AS ON: 18.04.2017
|
Names of Allottee |
|
No. of Shares |
|
Subramanyam Reddy |
|
127907 |
|
|
|
|
|
Total |
|
127907 |
AS ON: 22.04.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
581395 |
|
|
|
|
|
Total |
|
581395 |
AS ON: 02.05.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
133721 |
|
|
|
|
|
Total |
|
133721 |
AS ON: 12.05.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
116279 |
|
|
|
|
|
Total |
|
116279 |
AS ON: 19.05.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
75581 |
|
S. Padma Reddy |
|
159244 |
|
|
|
|
|
Total |
|
234825 |
AS ON: 01.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
55555 |
|
|
|
|
|
Total |
|
55555 |
AS ON: 16.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
111111 |
|
|
|
|
|
Total |
|
111111 |
AS ON: 22.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
111111 |
|
|
|
|
|
Total |
|
111111 |
AS ON: 23.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
111111 |
|
|
|
|
|
Total |
|
111111 |
AS ON: 28.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
166666 |
|
|
|
|
|
Total |
|
166666 |
AS ON: 29.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
111111 |
|
|
|
|
|
Total |
|
111111 |
AS ON: 30.06.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
222222 |
|
|
|
|
|
Total |
|
222222 |
AS ON: 05.07.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
144444 |
|
|
|
|
|
Total |
|
144444 |
AS ON: 02.11.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
55555 |
|
|
|
|
|
Total |
|
55555 |
AS ON: 29.11.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Aparna Reddy |
|
555555 |
|
|
|
|
|
Total |
|
555555 |
AS ON: 01.01.2018
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
44444 |
|
|
|
|
|
Total |
|
44444 |
AS ON: 03.08.2017
|
Names of Allottee |
|
No. of Shares |
|
S. Subramanyam Reddy |
|
1111111 |
|
|
|
|
|
Total |
|
1111111 |
AS ON: 30.06.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
98.40 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
1.60 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Trading of Tiles, Sanitary items and Manufacturer of Ready Mix Concrete (RMC), Cement Bricks, UPVC Windows and Doors & Metal Aggregates. [Registered Activity] |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited 5-2-183/184,ASC Centre, III Floor, R.P Road, Hyderabad-500003, Telangana, India · HDFC Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
· Tata Motors Finance Solutions Limited C/o Tata Motors Finance Limited, 10th Floor,106 A & B,
Maker Chambers III, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Lalith Prasad and Company Chartered Accountants |
|
Address : |
#402, Golden Green Apartments, Erram Manzil Colony, Punjagutta, Hyderabad – 500082, Telangana, India |
|
PAN No.: |
AKAPS0065K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Companies (wholly owned subsidiaries) : |
· Aparna Industries Limited · Rollform Technologies Private Limited, India [U28992TG2014PTC092427] · Aparna Profiles Private Limited, India [U27205TG2015PTC097369] · Aparna Realty Private Limited · Aparna Ceramic Tiles Private Limited, India [U45200TG2014PTC095163] · Aparna Property Holdings Private Limited, India [U45209TG2014PTC095170] · Aparna Mines & Minerals Private Limited, India [U14220TG2015PTC097967] |
|
|
|
|
Enterprises over
which persons mentioned in (b) above have significant influence : |
· Home Fix Technologies India Private Limited · Splendid Aparna Projects Private Limited |
|
|
|
|
Associates
Companies : |
· Aparna Infra Housing Private Limited (PART IX ), India [U45200TG2006PTC049680] · Aparna Shelters Private Limited, India [U45400TG2007PTC053887] · Aparna Urban Infrastructure Private Limited, India [U45200TG2008PTC057811] · AparnaVenster India Private Limited, India [U28910TG2015PTC100488] · Aparna Constructions and Estates Private Limited, India [U24219TG1996PTC025330] |
CAPITAL STRUCTURE
AFTER: 30.06.2017
Authorised Capital : INR
250.000 Million
Issued, Subscribed & Paid-up Capital : INR 210.489 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16782989 |
Equity Shares |
INR 10/- each |
INR 167.830
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 |
167.830 |
126.667 |
111.166 |
|
(b) Reserves and Surplus |
1285.932 |
914.929 |
757.103 |
|
(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) |
1453.762 |
1041.596 |
868.269 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
981.246 |
101.766 |
163.902 |
|
(b) Deferred tax liabilities (Net) |
57.671 |
46.216 |
53.049 |
|
(c) Other long-term
liabilities |
98.140 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1137.057 |
147.982 |
216.951 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
885.563 |
799.530 |
670.395 |
|
(b) Trade payables |
473.770 |
530.410 |
455.815 |
|
(c) Other
current liabilities |
166.271 |
160.321 |
253.962 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1525.604 |
1490.261 |
1380.172 |
|
|
|
|
|
|
TOTAL |
4116.423 |
2679.839 |
2465.392 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1062.952 |
1031.605 |
1036.487 |
|
(ii)
Intangible Assets |
0.847 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
1357.117 |
38.698 |
19.220 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
75.376 |
65.376 |
21.077 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
86.668 |
80.261 |
81.732 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2582.960 |
1215.940 |
1158.516 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
350.361 |
466.634 |
441.064 |
|
(c) Trade
receivables |
836.476 |
794.720 |
757.641 |
|
(d) Cash and
bank balances |
30.034 |
14.398 |
10.225 |
|
(e)
Short-term loans and advances |
136.501 |
128.054 |
50.809 |
|
(f) Other current
assets |
180.091 |
60.093 |
47.137 |
|
Total
Current Assets |
1533.463 |
1463.899 |
1306.876 |
|
|
|
|
|
|
TOTAL |
4116.423 |
2679.839 |
2465.392 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4385.896 |
4766.308 |
4441.456 |
|
|
Other Income |
11.875 |
13.382 |
8.322 |
|
|
TOTAL |
4397.771 |
4779.690 |
4449.778 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1829.210 |
1934.771 |
2403.104 |
|
|
Purchases of
Stock-in-Trade |
581.955 |
983.611 |
781.362 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
83.574 |
7.626 |
(11.072) |
|
|
Employee benefit expense |
396.622 |
340.641 |
281.582 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
473.290 |
447.048 |
0.000 |
|
|
CSR expenditure |
3.475 |
2.142 |
0.615 |
|
|
Other expenses |
723.590 |
730.999 |
661.795 |
|
|
TOTAL |
4091.716 |
4446.838 |
4117.386 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
306.055 |
332.852 |
332.392 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
99.316 |
107.399 |
104.186 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
206.739 |
225.453 |
228.206 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
100.158 |
105.948 |
105.304 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
106.581 |
119.505 |
122.902 |
|
|
|
|
|
|
|
Less |
TAX |
48.416 |
39.183 |
42.342 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
58.165 |
80.322 |
80.560 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
|
|
|
|
Basic |
3.47 |
6.34 |
7.25 |
|
|
Diluted |
4.14 |
6.79 |
7.46 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
86.637 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
192.371 |
191.494 |
384.818 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
254.726 |
252.877 |
340.643 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
69.61 |
60.86 |
62.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.24 |
6.00 |
5.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
71.72 |
66.34 |
52.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.87 |
0.71 |
0.75 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.13 |
0.31 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.59 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.28 |
0.87 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.05 |
1.43 |
1.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.67 |
1.03 |
1.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.08 |
3.10 |
3.19 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.33 |
1.69 |
1.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.41 |
3.00 |
3.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.00 |
7.71 |
9.28 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
0.98 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.67 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.39 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.12 |
7.12 |
8.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
0.98 |
0.95 |
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 |
111.166 |
126.667 |
167.830 |
|
Reserves & Surplus |
757.103 |
914.929 |
1285.932 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
868.269 |
1041.596 |
1453.762 |
|
|
|
|
|
|
Long-term borrowings |
163.902 |
101.766 |
981.246 |
|
Short term borrowings |
670.395 |
799.530 |
885.563 |
|
Current maturities of
long-term debts |
86.637 |
0.000 |
0.000 |
|
Total
borrowings |
920.934 |
901.296 |
1866.809 |
|
Debt/Equity
ratio |
1.061 |
0.865 |
1.284 |
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 |
4441.456 |
4766.308 |
4385.896 |
|
|
|
7.314 |
(7.981) |
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 |
4441.456 |
4766.308 |
4385.896 |
|
Profit/ (Loss) |
80.560 |
80.322 |
58.165 |
|
|
1.81
% |
1.69
% |
1.33
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
167.832 |
126.669 |
|
(b) Reserves and Surplus |
|
1290.136 |
921.105 |
|
(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) |
|
1457.968 |
1047.774 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1063.453 |
197.189 |
|
(b) Deferred tax liabilities (Net) |
|
62.881 |
49.579 |
|
(c) Other long-term
liabilities |
|
98.140 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1224.474 |
246.768 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
799.682 |
737.264 |
|
(b) Trade payables |
|
448.459 |
529.320 |
|
(c) Other
current liabilities |
|
315.919 |
247.743 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
1564.060 |
1514.327 |
|
|
|
|
|
|
TOTAL |
|
4246.502 |
2808.869 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1213.338 |
1167.429 |
|
(ii)
Intangible Assets |
|
0.847 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
1357.117 |
38.698 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
20.477 |
20.477 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
87.306 |
86.351 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
2679.085 |
1312.955 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
385.722 |
505.814 |
|
(c) Trade
receivables |
|
836.517 |
794.722 |
|
(d) Cash and
bank balances |
|
31.935 |
15.402 |
|
(e)
Short-term loans and advances |
|
117.243 |
99.393 |
|
(f) Other
current assets |
|
196.000 |
80.583 |
|
Total
Current Assets |
|
1567.417 |
1495.914 |
|
|
|
|
|
|
TOTAL |
|
4246.502 |
2808.869 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
4360.834 |
4762.510 |
|
|
Other Income |
|
1.699 |
8.681 |
|
|
TOTAL |
|
4362.533 |
4771.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1725.122 |
1927.011 |
|
|
Purchases of
Stock-in-Trade |
|
581.955 |
983.611 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
85.560 |
(16.874) |
|
|
Employee benefit expense |
|
426.564 |
353.144 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
|
483.521 |
450.694 |
|
|
CSR expenditure |
|
3.475 |
2.142 |
|
|
Other expenses |
|
720.573 |
728.651 |
|
|
TOTAL |
|
4026.770 |
4428.379 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
335.763 |
342.812 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
113.927 |
106.203 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
221.836 |
236.609 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
114.064 |
108.181 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
|
107.772 |
128.428 |
|
|
|
|
|
|
|
Less |
TAX |
|
51.579 |
45.368 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
56.193 |
83.060 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.35 |
6.56 |
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G72146871 |
100143272 |
AXIS BANK LIMITED |
21/11/2017 |
- |
- |
19620000.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
2 |
G72145840 |
100143273 |
AXIS BANK LIMITED |
21/11/2017 |
- |
- |
2664000.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
3 |
G71864581 |
100142941 |
TATA MOTORS FINANCE SOLUTIONS LIMITED |
20/11/2017 |
- |
- |
3366000.0 |
C/O TATA MOTORS FINANCE LIMITED, 10TH FLOOR,106 A & B, MAKER CHAMBERS III, NARIMAN POINTMUMBAIMA400021IN |
|
4 |
G71865513 |
100142943 |
TATA MOTORS FINANCE SOLUTIONS LIMITED |
20/11/2017 |
- |
- |
600000.0 |
C/O TATA MOTORS FINANCE LIMITED, 10TH FLOOR,106 A & B, MAKER CHAMBERS III, NARIMAN POINTMUMBAIMA400021IN |
|
5 |
G71865984 |
100142944 |
TATA MOTORS FINANCE SOLUTIONS LIMITED |
20/11/2017 |
- |
- |
15354000.0 |
C/O TATA MOTORS FINANCE LIMITED, 10TH FLOOR,106 A & B, MAKER CHAMBERS III, NARIMAN POINTMUMBAIMA400021IN |
|
6 |
G60671344 |
100132095 |
AXIS BANK LIMITED |
01/11/2017 |
- |
- |
31920000.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
7 |
G54394200 |
100124747 |
AXIS BANK LIMITED |
20/09/2017 |
- |
- |
12859562.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
8 |
G54397666 |
100124748 |
AXIS BANK LIMITED |
07/09/2017 |
- |
- |
33870000.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
9 |
G51805596 |
100119242 |
AXIS BANK LIMITED |
03/08/2017 |
- |
- |
19462000.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
|
10 |
G50574268 |
100116162 |
AXIS BANK LIMITED |
24/07/2017 |
- |
- |
45706000.0 |
5-2-183/184,ASC CENTRE, III FLOORR.P ROADHYDERABADTG500003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from others |
0.059 |
0.059 |
|
|
|
|
|
Total |
0.059 |
0.059 |
CORPORATE INFORMATION
Aparna Enterprises Limited (the “Company” or “AEL”) is a limited company and was incorporated under the Indian Companies Act, 1956 on 13th December, 1994. The company is engaged in the business of Trading of Tiles, Sanitary items and Manufacture of Ready Mix Concrete (RMC), Cement Bricks, uPVC Windows and Doors & Metal Aggregates.
PERFORMANCE REVIEW:
The Company delivered yet another year of consistent, competitive and profitable growth aided by strong marketing and sales investments. But due to demonetization, and effect on sales in the third and fourth quarters, the company could not reach the expected Turnover for the financial year 2016-17. The gross sales and other income for the year ended 31st March 2017 was INR 4397.700 Million as against INR 4779.600 Million of the previous year. The company earned a profit of INR 110.000 Million during the year ended 31st March, 2017 as against the profit of INR 121.600 Million during the year ended 31st March 2016.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
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 63.64 |
|
UK Pound |
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.