|
|
|
MIRA INFORM REPORT
|
Report No. : |
488307 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARYA IRON AND STEEL COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51-53A, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-40696000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.07.2004 |
|
|
|
|
Com. Reg. No.: |
11-147715 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 185.431 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2004PTC147715 |
|
|
|
|
IEC No.: |
0304038105 |
|
|
|
|
GSTIN/UIN: |
27AAECA8083G1ZJ |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA8083G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier and Importer of iron ores and concentrates. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
325 (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004. It is a Manufacturer,
Supplier and Importer of iron ores and concentrates. For the financial year 2017, the company has achieved growth in its
revenue by 61.05% as compared to the previous year along with a decent profit
margin of 7.08%. The sound financial risk profile of the company is marked by adequate
net worth base along with strong debt coverage indicators due to low debt
balance sheet profile. The ratings, however, are constrained by subject’s exposure to prices
risks, given the significant volatility witnessed in pellet prices in the
recent past and the overcapacity situation in the domestic palletisation
industry. Payments seems 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 |
ICRA |
|
Rating |
Long term borrowing: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.10.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term borrowing: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.10.2017 |
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 29.01.2018
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
|
Name : |
Mr. Ozha |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9583000344 |
|
Date : |
29.01.2018 |
LOCATIONS
|
Registered / Head Office : |
51-53A, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-40696000/ 40696037 |
|
Mobile No.: |
91-9583000343 (Mr. Pravesh Pandey – Deputy General Manager) |
|
Fax No.: |
91-22-40696060 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
107/1 and 108/1, Matkambeda, Industrial Estate, Barbil, District
Keonjhar– 758053, Orissa, India |
|
Location : |
Owned |
|
|
|
|
Regional Office: |
159, VIP Enclave, Nayapalli, Bhubaneshwar – 751015, Orissa, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Puneet Pawan Arya |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
403, Samudra Mahal, Dr. A. B Road, Worli, Mumbai
-400018, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.04.1980 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduation from Rochester Institute of Technology USA in 2002 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.07.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00726275 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ADYPA7874M |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Pawan Kumar Maniram Arya |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
403, Samudra Mahal, Dr. A. B. Road, Worli,
Mumbai -400018, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.01.1953 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduation in Economics from Mumbai University |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01659667 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AADPA7839A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nakul Ravindrakumar Arya |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Satlej Terrace, 6Th Floor Walkeshwar Road, Mumbai -400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.11.1980 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Bachelor of Computer Science from Purdue University, USA in 2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.07.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00372428 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ADEPA4689A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Ravi Maniram Arya |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Satlej Terrace, 6Th Floor Walkeshwar Road, Mumbai -400006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.10.1954 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduation in Economics from University of Mumbai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.11.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00767007 |
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PAN No.: |
AADPA7751M |
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Other Directorship:
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Kumar Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.551 Pocket Gh - 13, Paschim Vihar,
New Delhi 110087, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.12.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Company Secretary |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01308863 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADKPJ9105E |
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Other Directorship:
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Girish Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A - 1, Tower - 1, New Moti Bagh, New Delhi
-110023, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.12.1951 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduation from Delhi University and done his Masters in Marketing and Business Management from Faculty of Management Studies, Delhi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.05.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05112440 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
AASPS8031K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Vijay Shyamsundar Maniyar |
|
Designation : |
Company Secretary |
|
Address : |
Room No. 4, Om Shiv Chhaya Co-Operative Society,
Pandit Dinda Nagrik Sahkari Bank, Dombivli West, Thane- 421202, Maharashtra,
India |
|
Date of Appointment : |
16.10.2017 |
|
PAN No.: |
AMGPM6948R |
|
|
|
|
Name : |
Mr. Ozha |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Puneet Arya |
|
1195000 |
|
Nakul Arya |
|
1195000 |
|
Pawan Kumar Maniram Arya |
|
895000 |
|
Ravi Maniram Arya |
|
895000 |
|
Poonam Pawan Arya |
|
900000 |
|
Sushma Ravi Arya |
|
900000 |
|
Tripti Puneet Arya |
|
5000 |
|
Pawan Kumar Arya HUF |
|
5000 |
|
Ravi Arya HUF |
|
5000 |
|
Varun Ravi Arya |
|
5000 |
|
M. P. Re- Cycling Company Private Limited, India |
|
1776956 |
|
Arya Ship Breaking Company Private Limited, India |
|
9086095 |
|
Palm view Overseas Investments Limited, India |
|
1680000 |
|
Total |
|
18543051 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
32.36 |
|
Promoters- Body corporate |
18.64 |
|
Public/Other than promoters - Body corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Importer of iron ores and concentrates. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|||||
|
Products : |
Pellets Products |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Coal |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Cheque |
||||
|
|
|
||||
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
325 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
S G C O and Company LLP Chartered Accountants |
|
Address : |
4 A,Kaledonia-HDIL, 2nd Floor, Sahar Road, Near Andheri Station, Andheri East, Mumbai- 400069, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS7106D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others: |
|
|
|
|
|
Enterprises which are owned, or have significant influence of
or are partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 10/- each |
INR 300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18543051 |
Equity Shares |
INR 10/- each |
INR 185.431 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR 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 |
185.431 |
185.431 |
185.431 |
|
(b) Reserves and Surplus |
2036.695 |
1812.308 |
2044.321 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2222.126 |
1997.739 |
2229.752 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
182.704 |
200.730 |
3.015 |
|
(b) Deferred tax liabilities (Net) |
277.512 |
251.902 |
281.692 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
17.932 |
14.331 |
10.773 |
|
Total Non-current
Liabilities (3) |
478.148 |
466.963 |
295.480 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
744.035 |
794.191 |
722.886 |
|
(b) Trade
payables |
189.543 |
128.914 |
76.666 |
|
(c) Other
current liabilities |
64.204 |
100.732 |
153.791 |
|
(d) Short-term
provisions |
76.726 |
15.776 |
875.693 |
|
Total Current
Liabilities (4) |
1074.508 |
1039.613 |
1829.036 |
|
|
|
|
|
|
TOTAL |
3774.782 |
3504.315 |
4354.268 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1765.587 |
1891.466 |
2003.627 |
|
(ii)
Intangible Assets |
0.883 |
1.261 |
1.522 |
|
(iii) Tangible assets
capital work-in-progress |
539.573 |
542.686 |
268.768 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.502 |
1.502 |
1.502 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
123.530 |
82.203 |
192.176 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2431.075 |
2519.118 |
2467.595 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
848.745 |
420.514 |
330.702 |
|
(c) Trade
receivables |
80.424 |
28.435 |
210.371 |
|
(d) Cash and
bank balances |
56.603 |
275.252 |
1018.482 |
|
(e)
Short-term loans and advances |
357.935 |
260.996 |
327.118 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1343.707 |
985.197 |
1886.673 |
|
|
|
|
|
|
TOTAL |
3774.782 |
3504.315 |
4354.268 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3168.860 |
1967.576 |
5214.715 |
|
|
Other Income |
0.000 |
0.000 |
60.945 |
|
|
TOTAL |
3168.860 |
1967.576 |
5275.660 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1715.194 |
1304.160 |
2616.854 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(486.865) |
(97.327) |
466.868 |
|
|
Employee benefit expense |
146.581 |
201.599 |
207.756 |
|
|
CSR expenditure |
7.783 |
8.581 |
13.188 |
|
|
Other expenses |
1286.785 |
634.101 |
1014.357 |
|
|
TOTAL |
2669.478 |
2051.114 |
4319.023 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
499.382 |
(83.538) |
956.637 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
102.853 |
50.561 |
15.374 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
396.529 |
(134.099) |
941.263 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
126.050 |
126.010 |
126.580 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
270.479 |
(260.109) |
814.683 |
|
|
|
|
|
|
|
Less |
TAX |
46.092 |
(28.097) |
294.030 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
224.387 |
(232.012) |
520.653 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
446.842 |
678.854 |
957.83 |
|
|
|
|
|
|
|
Add |
Adjustment Net of Deferred tax |
0.000 |
0.000 |
-4.447 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
61.000 |
|
|
Dividend |
0.000 |
0.000 |
610.000 |
|
|
Tax on Dividend |
0.000 |
0.000 |
124.182 |
|
|
Balance
Carried to the B/S |
671.229 |
446.842 |
678.854 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.10 |
(12.51) |
28.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
17.431 |
2.203 |
2.832 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(56.190) |
(73.666) |
1689.653 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(57.070) |
(77.570) |
1689.653 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
9.26 |
5.27 |
14.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
39.40 |
69.20 |
24.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.34 |
36.08 |
10.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.59 |
(0.20) |
2.89 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.22 |
(0.03) |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.34 |
0.35 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.42 |
0.50 |
0.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.48 |
0.52 |
0.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.04 |
1.22 |
1.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.86 |
(1.65) |
62.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.08 |
(11.79) |
9.98 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.94 |
(6.62) |
11.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.10 |
(11.61) |
23.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
0.95 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.46 |
0.54 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.59 |
0.57 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.09 |
5.38 |
3.93 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
0.95 |
1.03 |
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 |
185.431 |
185.431 |
185.431 |
|
Reserves & Surplus |
2044.321 |
1812.308 |
2036.695 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2229.752 |
1997.739 |
2222.126 |
|
|
|
|
|
|
Long-term borrowings |
3.015 |
200.730 |
182.704 |
|
Short term borrowings |
722.886 |
794.191 |
744.035 |
|
Current maturities of
long-term debts |
2.832 |
2.203 |
17.431 |
|
Total
borrowings |
728.733 |
997.124 |
944.170 |
|
Debt/Equity
ratio |
0.327 |
0.499 |
0.425 |
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 |
5214.715 |
1967.576 |
3168.860 |
|
|
|
(62.269) |
61.054 |
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 |
5214.715 |
1967.576 |
3168.860 |
|
Profit/ (Loss) |
520.653 |
(232.012) |
224.387 |
|
|
9.98
% |
(11.79
%) |
7.08
% |
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 |
Yes |
|
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 |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM BORROWING |
|
|
|
Intercorporate borrowings |
100.000 |
0.000 |
|
Total |
100.000 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C80249477 |
80005799 |
ORIENTAL
BANK OF COMMERCE |
01/03/2005 |
20/02/2016 |
- |
2950000000.0 |
14TH
FLOOR, MAKER TOWER, E- WING, CUFFE PARADE,MUMBAIMH400005IN |
|
2 |
B75487678 |
10148815 |
ORIENTAL
BANK OF COMMERCE |
31/01/2009 |
- |
08/05/2013 |
450000000.0 |
KALBADEVI
BRANCH, 17/19 BOMANAJI MASTER LANE,NEW SILK BAZAAR , MUMBAIMUMBAIMH400002IN |
|
3 |
B75486977 |
10148814 |
ORIENTAL
BANK OF COMMERCE |
31/01/2009 |
- |
08/05/2013 |
200000000.0 |
KALBADEVI
BRANCH, 17/19 BOMANAJI MASTER LANE,NEW SILK BAZAAR , MUMBAIMUMBAIMH400002IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
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.