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|
|
MIRA INFORM REPORT
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Report No. : |
489204 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
B. G. SHIRKE CONSTRUCTION TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
72-76, Industrial Estate, Mundhwa, Pune-411036, Maharashtra |
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Tel. No.: |
91-20-26708100/ 26870755/ 756 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
25.03.1994 |
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Com. Reg. No.: |
11-077340 |
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Capital
Investment / Paid-up Capital : |
INR 340.228 Million |
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CIN No.: [Company Identification
No.] |
U45201PN1994PTC077340 |
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IEC No.: |
Not Divulged |
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GSTIN No.: |
Not Divulged |
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TIN/CST No.: |
07220364974 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACB7293D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is predominantly engaged in the construction activities. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 17736000 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1994. It is engaged into construction activities. Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources. For the financial year ended 2016, the company has healthy operational activity marked decent top line growth along with average profitability margin of 3.6%. The company has comfortable financial base marked by comfortable debt level along with favourable gap between trade payables and receivables. Rating takes into consideration long business track record, healthy net worth position along with experience of promoters. Rating is however constrained on account of slowdown in construction industry and absence of latest financial. Business is active. Payment seems to be slow but correct. 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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
|
Rating |
Long Term Loans = A |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
16.08.2017 |
|
Rating Agency Name |
India Rating |
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Rating |
Short Term Loans = A1 |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
16.08.2017 |
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 31.01.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-20-26708100)
LOCATIONS
|
Registered Office/ Head Office : |
72-76 Industrial Estate, Mundhwa, Pune-411036, Maharashtra, India |
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Tel. No.: |
91-20-26708100/ 26870755/ 756 |
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Mobile No.: |
91-8860600730 (Mr. Vikas) 91-8745012614 (Mr. Vaibhav) |
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Fax No.: |
91-20-26871612/ 26870319 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vijay Baburao Shirke |
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Designation : |
Managing Director |
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Address : |
1205, Apte Road, Pune – 411004, Maharashtra, India |
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Date of Birth/Age : |
04.11.1949 |
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Date of Appointment : |
25.03.1994 |
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PAN No.: |
ACMPS4462Q |
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DIN No.: |
00006804 |
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Other Directorship:
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Name : |
Mr. Ajay Baburao Shirke |
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Designation : |
Director |
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Address : |
26, Park Village, East London, NW17PZ GB |
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Date of Birth/Age : |
26.04.1958 |
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Date of Appointment : |
25.03.1994 |
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PAN No.: |
ACMPS4463R |
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DIN No.: |
00006807 |
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Other Directorship:
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Name : |
Mr. Pratap Baburao Shirke |
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Designation : |
Director |
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Address : |
Coombe Edge, Sunning Hill Road, Windlesham Surrey GU 20 6PP |
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Date of Birth/Age : |
20.03.1948 |
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Date of Appointment : |
25.03.1994 |
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PAN No.: |
ACMPS4467M |
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DIN No.: |
00104902 |
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Other Directorship:
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Name : |
Mr. Uday Suresh Ghorpade |
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Designation : |
Director |
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Address : |
18, Mangalwadi Society, Senapati Bapat Road, Model Colony, Pune -411016,
Maharashtra, India |
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Date of Birth/Age : |
26.08.1962 |
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Date of Appointment : |
14.10.2003 |
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DIN No.: |
00104984 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||
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Name : |
Mr. Chetas Gulabbhai Desa |
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Designation : |
Director |
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Address : |
801, Bhanu Kunj N S Road No. 3, JVPD Scheme, Vile Parle, Mumbai – 400056, Maharashtra, India |
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Date of Appointment : |
29.09.2017 |
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DIN No.: |
01968778 |
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Name : |
Mr. Rajendra Popatlal Shah |
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Designation : |
Additional Director |
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Address : |
Sujay Garden 12 Mukund Nagar, Building - I F No 802/ Gultekadi, Pune – 411037, Gujarat, India |
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Date of Appointment : |
22.01.2018 |
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DIN No.: |
03510553 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||
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Name : |
Mr. Jay Vijay Shirke |
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Designation : |
Wholetime Director |
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Address : |
1205, Apte Road Deccan Gymkhana Pune 411004 |
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Date of Appointment : |
18.08.2017 |
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DIN No.: |
07620331 |
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KEY EXECUTIVES
|
Name : |
Mr. Kishor Madhav Thatte |
|
Designation : |
Company Secretary |
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Address : |
A401, Shri Sai Shilp Gavanpada, Near Sagar Prasad Society, Mulund (East), Mumbai-400081, Maharashtra, India |
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Date of Birth/Age : |
01.01.1955 |
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Date of Appointment : |
19.02.2009 |
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PAN No.: |
AABPT7218E |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Pratap Baburao Shirke |
|
8107228 |
|
Vijay Baburao Shirke |
|
3206582 |
|
V.B. Shirke (HUF) |
|
13531520 |
|
Ajay Baburao Shirke |
|
3275094 |
|
Avanti Vijay Shirke |
|
800 |
|
Uday Suresh Ghorpade |
|
1600 |
|
Gayatri Vijay Shirke |
|
1000000 |
|
Cadence Speciality Audio Products LLP |
|
4600000 |
|
Cadence Audio LLP |
|
200000 |
|
Vijay Baburao Shirke Jointly with Padmaja Vijay Shirke |
|
100000 |
|
Rajendra Popatlal Shah |
|
4 |
|
Total |
|
34022828 |
Equity Share Break up (Percentage of Total Equity)
As on 27.05.2015
|
Category |
Percentage |
|
Promoters (Individual/HUF-Indian) |
52.13588359 |
|
Promoters [Individual/HUF-Non-resident Indian (NRI)-Foreign] |
0.00235136 |
|
Public (Individual/HUF-Indian) |
0.00471448 |
|
Public [Individual/HUF-Non-resident Indian (NRI)-Foreign] |
9.62616629 |
|
Public [Individual/HUF-Foreign national (other than NRI)- Foreign] |
23.82878931 |
|
Public (Body corporate) |
14.10817466 |
|
Public (Others - Trustees of Shirke Trust) |
0.29392031 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is predominantly engaged in the construction activities. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · Vijaya Bank, Corporate Banking Branch, "Vinayak Niwas", 1206/A-32, Shirole Road, Opposite Sambhaji Park, Pune-411004, Maharashtra, India
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Facilities : |
|
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Auditors : |
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|
Name : |
Joshi and Kulkarni Chartered Accountants |
|
Address : |
C.T.S. No. 108/10, Utkarsha, Bharti Nivas Society, Off Prabhat Road, Lane No 14, Erandwane, Pune – 411004, Maharashtra, India |
|
PAN No.: |
AAAFJ9692D |
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|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint venture : [As On 31.03.2016] |
· BGSCTPL- MSKEL Consortium · JEL – BGSCTPL, India · B.G. Shirke - Birla GTME, India |
|
|
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|
Subsidiary Company
: [As On 31.03.2016] |
· B. G. Shirke Oil and Gas India Private Limited, India CIN No.: U11100PN2013PTC148582 |
|
|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : [As On 31.03.2016] |
· Siporex India Private Limited, India [CIN NO.U26954MH1969PTC014245] · Five Stars Bulkcarriers Private Limited |
|
|
|
|
Other Related
Parties : [As On 31.03.2016] |
· Shirke Infrastructure · Shirke Recreation Enterprise · Shirke Club Management LLP · Nabi Developers LLP · Cadence Speciality Audio Products Private Limited · Cadence Audio LLP · Shirke Club Services LLP · Shirke Trust |
CAPITAL STRUCTURE
AS ON 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
INR 10/- each |
INR 750.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34022828 |
Equity Shares |
INR 10/- each |
INR 340.228 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
340.228 |
340.228 |
170.114 |
|
(b) Reserves &
Surplus |
5867.548 |
5153.274 |
4575.228 |
|
(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) |
6207.776 |
5493.502 |
4745.342 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1998.400 |
2614.426 |
2944.647 |
|
(b) Deferred tax
liabilities (Net) |
376.437 |
362.188 |
333.091 |
|
(c) Other long term
liabilities |
7978.769 |
5950.022 |
5999.560 |
|
(d) long-term provisions |
172.469 |
166.568 |
163.100 |
|
Total Non-current
Liabilities (3) |
10526.075 |
9093.204 |
9440.398 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
890.333 |
4408.213 |
1569.750 |
|
(b) Trade payables |
2423.254 |
2675.026 |
2257.940 |
|
(c) Other current
liabilities |
3812.425 |
3458.340 |
3546.010 |
|
(d) Short-term provisions |
41.323 |
146.499 |
141.907 |
|
Total Current Liabilities
(4) |
7167.335 |
10688.078 |
7515.607 |
|
|
|
|
|
|
TOTAL |
23901.186 |
25274.784 |
21701.347 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6375.762 |
5866.865 |
4553.160 |
|
(ii) Intangible Assets |
37.037 |
44.852 |
22.010 |
|
(iii) Capital
work-in-progress |
163.336 |
2104.482 |
2532.313 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
918.070 |
906.453 |
809.343 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1764.401 |
147.383 |
99.163 |
|
(e) Other Non-current
assets |
136.944 |
130.149 |
367.215 |
|
Total Non-Current Assets |
9395.550 |
9200.184 |
8383.204 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5310.654 |
8249.157 |
7611.147 |
|
(c) Trade receivables |
2959.208 |
4751.592 |
3310.815 |
|
(d) Cash and cash
equivalents |
2707.234 |
184.127 |
241.151 |
|
(e) Short-term loans and
advances |
2048.485 |
1572.317 |
1059.146 |
|
(f) Other current assets |
1480.055 |
1317.407 |
1095.884 |
|
Total Current Assets |
14505.636 |
16074.600 |
13318.143 |
|
|
|
|
|
|
TOTAL |
23901.186 |
25274.784 |
21701.347 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
30375.175 |
23910.039 |
|
|
|
Other Income |
273.943 |
295.430 |
|
|
|
TOTAL |
30649.118 |
24205.469 |
20870.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
17200.205 |
15094.722 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2693.793 |
(440.837) |
|
|
|
Employees benefits
expense |
1620.860 |
1447.594 |
|
|
|
CSR Expenditure |
5.145 |
0.000 |
|
|
|
Other expenses |
5038.421 |
4279.072 |
|
|
|
TOTAL |
26558.424 |
20380.551 |
17647.400 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
4090.694 |
3824.918 |
3223.400 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1658.706 |
1582.188 |
1297.200 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2431.988 |
2242.730 |
1926.200 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
731.730 |
703.501 |
433.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1700.258 |
1539.229 |
1492.700 |
|
|
|
|
|
|
|
Less |
TAX |
576.494 |
536.947 |
453.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
1123.764 |
1002.282 |
1039.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
33.03 |
29.46 |
61.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
889.376 |
1141.446 |
879.671 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
6319.632 |
(838.638) |
4801.454 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
35.56 |
72.54 |
57.90 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
10.26 |
5.03 |
6.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.46 |
66.63 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.77 |
0.46 |
2.74 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.62 |
0.48 |
2.94 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.42 |
0.57 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.61 |
1.49 |
1.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.15 |
1.95 |
1.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.06 |
1.46 |
1.50 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.47 |
2.42 |
16.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
3.70 |
4.19 |
89.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.70 |
3.97 |
86.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.10 |
18.24 |
393.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.02 |
1.50 |
1.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.28 |
0.73 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.22 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
11.10 |
24.00 |
31.71 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.02 |
1.50 |
1.77 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
170.114 |
340.228 |
340.228 |
|
Reserves & Surplus |
4575.228 |
5153.274 |
5867.548 |
|
Net
worth |
4745.342 |
5493.502 |
6207.776 |
|
|
|
|
|
|
Long Term borrowings |
2944.647 |
2614.426 |
1998.400 |
|
Short Term borrowings |
1569.750 |
4408.213 |
890.333 |
|
Current Maturities of Long term debt |
879.671 |
1141.446 |
889.376 |
|
Total
borrowings |
5394.068 |
8164.085 |
3778.109 |
|
Debt/Equity
ratio |
1.137 |
1.486 |
0.609 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
20870.800 |
24205.469 |
30649.118 |
|
|
|
15.978 |
26.621 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
20870.800 |
24205.469 |
30649.118 |
|
Profit |
1039.000 |
1002.282 |
1123.764 |
|
|
4.98% |
4.14% |
3.67% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
340.228 |
340.228 |
|
(b) Reserves &
Surplus |
|
5863.078 |
5153.268 |
|
(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) |
|
6203.306 |
5493.496 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2612.684 |
2614.426 |
|
(b) Deferred tax
liabilities (Net) |
|
376.437 |
362.188 |
|
(c) Other long term
liabilities |
|
7978.769 |
5950.022 |
|
(d) long-term provisions |
|
173.033 |
166.568 |
|
Total Non-current
Liabilities (3) |
|
11140.923 |
9093.204 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
890.333 |
4408.213 |
|
(b) Trade payables |
|
2448.303 |
2675.026 |
|
(c) Other current
liabilities |
|
3973.075 |
3458.569 |
|
(d) Short-term provisions |
|
41.670 |
146.499 |
|
Total Current Liabilities
(4) |
|
7353.381 |
10688.307 |
|
|
|
|
|
|
TOTAL |
|
24697.610 |
25275.007 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
6377.216 |
5866.865 |
|
(ii) Intangible Assets |
|
37.259 |
45.058 |
|
(iii) Capital
work-in-progress |
|
2466.919 |
2104.482 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
917.970 |
906.363 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
125.990 |
147.383 |
|
(e) Other Non-current
assets |
|
136.944 |
130.149 |
|
Total Non-Current Assets |
|
10062.298 |
9200.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
5447.524 |
8249.157 |
|
(c) Trade receivables |
|
2959.307 |
4751.592 |
|
(d) Cash and cash
equivalents |
|
2707.382 |
184.237 |
|
(e) Short-term loans and
advances |
|
1857.885 |
1572.314 |
|
(f) Other current assets |
|
1663.214 |
1317.407 |
|
Total Current Assets |
|
14635.312 |
16074.707 |
|
|
|
|
|
|
TOTAL |
|
24697.610 |
25275.007 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
30375.175 |
23910.039 |
|
|
Other Income |
|
274.175 |
295.430 |
|
|
TOTAL |
|
30649.350 |
24205.469 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
17200.205 |
15094.722 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
2693.793 |
(440.837) |
|
|
Employees benefits
expense |
|
1622.450 |
1447.594 |
|
|
CSR expenditure |
|
5.145 |
0.000 |
|
|
Other expenses |
|
5041.165 |
4279.078 |
|
|
TOTAL |
|
26562.758 |
20380.557 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
4086.592 |
3824.912 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
1658.773 |
1582.188 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2427.819 |
2242.724 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
732.031 |
703.501 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1695.788 |
1539.223 |
|
|
|
|
|
|
|
Less |
TAX |
|
576.494 |
536.947 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
1119.294 |
1002.276 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
32.9 |
29.46 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
0.000 |
502.503 |
|
Loans and advances from related parties |
635.171 |
445.617 |
|
Total |
635.171 |
948.120 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G30310429 |
100066757 |
HDFC BANK LIMITED |
05/12/2016 |
24536000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
2 |
G22276257 |
100060201 |
HDFC BANK LIMITED |
21/10/2016 |
907000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
3 |
G11594330 |
100049449 |
HDFC BANK LIMITED |
26/08/2016 |
1013000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
4 |
G10249068 |
100046654 |
HDFC BANK LIMITED |
05/08/2016 |
6325000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
5 |
G06057533 |
100034248 |
VIJAYA BANK |
14/06/2016 |
125000000.0 |
CORPORATE BANKING BRANCH, "VINAYAK NIWAS"1206/A-32, SHIROLE ROAD, OPP. SAMBHAJI PARK, PUNE – 411004, MAHARASHTRA, INDIA |
|
6 |
G06701098 |
100036196 |
BANK OF MAHARASHTRA |
14/06/2016 |
300000000.0 |
1257, PAWAR BUILDING, DECCAN GYMKHANA, PUNE – 411004, MAHARASHTRA, INDIA |
|
7 |
G03645934 |
100027104 |
HDFC BANK LIMITED |
30/04/2016 |
814000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
8 |
G03950920 |
100027867 |
HDFC BANK LIMITED |
28/04/2016 |
42628000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
9 |
G03951191 |
100027868 |
HDFC BANK LIMITED |
28/04/2016 |
2891000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
10 |
G03264439 |
100025836 |
HDFC BANK LIMITED |
18/04/2016 |
2709000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
174.694 |
167.583 |
|
Guarantees |
3422.579 |
3718.768 |
FIXED ASSETS:
Tangible Assets
·
Land
Buildings
· Plant and Equipment
· Vehicles
· Office Equipments
· Wind Mill
· Aircrafts and Helicopter
· Furniture and Fixtures
·
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.75 |
|
|
1 |
INR 78.75 |
|
Euro |
1 |
INR 89..39 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
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.