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|
|
MIRA INFORM REPORT
|
Report No. : |
516255 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAHEE INFRATECH LIMITED (w.e.f. 03.08.2010) |
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Formerly Known
As : |
RAHEE INDUSTRIES LIMITED RAMCHANDER HEERALALL LIMITED |
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Registered
Office : |
4, Ho Chi Min Sarani, Flat No. 1C, First Floor, Kolkata – 700071, West
Bengal |
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Tel. No.: |
91-33-26683533 / 34 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
30.01.1996 |
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CIN No.: [Company Identification
No.] |
U67120WB1996PLC076870 |
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Capital
Investment / Paid-up Capital : |
INR 64.887 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
27910954073 |
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PAN No.: [Permanent Account No.] |
AABCR2809Q |
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GSTN : [Goods & Service Tax
Registration No.] |
07AABCR2809Q1Z0 |
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Legal Form : |
A Closely Held
Public Limited Liability Company |
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Line of Business
: |
· Subject is engaged in manufacture and sale of Railway Fastenings and other related products. · Subject is engaged in construction activity. · Manufacturer of Basic iron and steel (Registered Activity and also Confirmed by management) |
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|
|
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996. The company is engaged in manufacturing and selling of railway fastenings and its related products.
Note: The company has reported delays in servicing its debt. Hence, we do not recommend any credit limit. |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term loans : D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery |
|
Date |
16.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term loans : D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery |
|
Date |
16.01.2018 |
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
31-03-2018.
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 23.06.2018
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. Gautam Mondal |
|
Designation : |
Account Manager |
|
Contact No.: |
91-33-26683533 |
|
Date : |
21.06.2018 |
LOCATIONS
|
Registered Office : |
4, Ho Chi Min Sarani, Flat No. 1C, First Floor, Kolkata – 700071, West
Bengal, India |
|
Tel. No.: |
91-33-26683533 / 34 |
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Fax No.: |
91-33-26684727 |
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E-Mail : |
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Website : |
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Corporate Office : |
107, Lakhinaryan Talla Road, Shalimar, Howrah - 711103, West Bengal,
India |
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Tel. No.: |
91-33-26683533 / 34 |
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Fax No.: |
91-33-26684727 |
|
|
|
|
Works : |
173/A-M and B-I, IDA Bollaram Village, Jinnaram (M), Medak Disctrict:
- 502325, Andhra Pradesh, India |
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Tel. No.: |
91-8458-329633 |
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Fax No.: |
91-8458-279885 |
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E-Mail : |
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Branch Office 1 : |
B-108, 2nd Floor, Sec-63, Dist – Gautam Budh Nagar, Noida –
201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4217594 |
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Branch Office 2: |
Flat No : 1109 Surya Kiran Building, KG Marg Near Barakhambha Metro Station New Delhi – 110001, India |
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Tel. No.: |
91-11-23739744 / 43580807 |
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Site Address : |
Rahate Colony, Prabha Niwas, Nagpur (M Crop), Nagpur, Jail Road, Laxmi
Nagar, Nagpur – 440022, Maharashtra, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Pradeep Kumar Khaitan |
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Designation : |
Managing Director |
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Address : |
84/S/D, D H Road, 2nd Floor, Block E, Kolkata – 700053, West Bengal, India |
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Date of Birth/Age : |
01.09.1962 |
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Date of Appointment : |
30.01.1996 |
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DIN No.: |
00179108 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Dinkar Rai Joshi |
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Designation : |
Director |
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Address : |
61/1B, B L Saha Road, Flat No. 3, Shreeram Apartment. Kolkata – 700053, West Bengal, India |
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Date of Birth/Age : |
09.05.1942 |
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Date of Appointment : |
10.01.2015 |
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DIN No.: |
01919890 |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Vinod Kumar Rungta |
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|
Designation : |
Director |
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|
Address : |
689, Lake Town, Kolkata – 700089, West Bengal, India |
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Date of Birth/Age : |
03.08.1946 |
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Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00087032 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Ravi Kumar Khaitan |
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Designation : |
Director |
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Address : |
84 S/D, D H Road, Flat No 4, 3rd Floor, Block K, Kolkata – 700053, West Bengal, India |
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Date of Birth/Age : |
11.09.1965 |
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Date of Appointment : |
30.01.1996 |
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DIN No.: |
00179329 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Pawan Kumar Khaitan |
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Designation : |
Director |
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|
Address : |
84/SD, Block-E, New Alipore, Kolkata – 700053, West Bengal, India |
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Date of Birth/Age : |
24.07.1960 |
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Date of Appointment : |
20.06.2005 |
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DIN No.: |
00201473 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ram Awatar Malchandka |
|
Designation : |
Company Secretary |
|
Address : |
73, N.S. Road, Kolkata – 700001, West Bengal, India |
|
Date of Appointment : |
20.03.1996 |
|
PAN No.: |
AHCPM2490F |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Kumar Khaitan |
|
418432 |
|
Ravi Kumar Khaitan |
|
476252 |
|
Shashi KHAITAN |
|
62971 |
|
Nandani KHAITAN |
|
52286 |
|
Pawan Kumar Khaitan HUF |
|
10229 |
|
Pradeep Kumar Khaitan HUF |
|
147029 |
|
Rahul Khaitan |
|
131529 |
|
Nehal Khaitan |
|
18900 |
|
Ayush Khaitan |
|
17800 |
|
Ishwari Prasad Khaitan Family Trust |
|
25158 |
|
Prerna Khaitan |
|
4929 |
|
Uditi Khaitan |
|
4929 |
|
Pawan Kumar Khaitan |
|
258652 |
|
Mridul Commodities Private Limited, India |
|
3092589 |
|
Rahee Viniyog Limited, India |
|
1735830 |
|
PPR Associates |
|
31150 |
|
Total |
|
6488665 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
24.72 |
|
Promoters (Body corporate) |
74.41 |
|
Promoters (Others) |
0.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
· Subject is engaged in manufacture and sale of Railway Fastenings and other related products. · Subject is engaged in construction activity. · Manufacturer of Basic iron and steel (Registered Activity and also Confirmed by management) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
|||||||||||
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Products : |
Finished Goods |
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Countries : |
·
Sri Lanka ·
Australia ·
Indonesia ·
Bangladesh |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
|||||||||||
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Selling : |
Cheque, Cash, Credit (30/60/90 Days) and Others (DD/NEFT/RTGS) |
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|
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Purchasing : |
Cheque, Cash, Credit (30/60/90 Days) and Others (DD/NEFT/RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
Retailers, End Users, OEM’s
|
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No. of Employees : |
500 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
R. Kothari and Company Chartered Accountants |
|
Address : |
16A, Shakespeare Sarani, Kolkata-700074, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR7366B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
· Rahee Track Technologies Private Limited CIN No.: U27106WB2002PTC094232 · Serpentine Weldtech Engineering Private Limited · CIN No.: U28910WB2012PTC178577 · Response Technical Laboratory Private Limited CIN No.: U74900WB2011PTC163217 |
|
|
|
|
Associate |
· Pandrol Rahee Technologies Private Limited CIN No.: U28991WB2004PTC100639 |
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|
|
|
Joint Ventures : |
· GPT Rahee JV (Jodhpur and Patna) · Rahee GPT (IB) JV · Rail Welders – JV · Rahee Agrawal (ST) JV · Rahee Triveni JV · Rahee Agrawal JV · ATEPL Rahee JV · GR JV |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Shalimar Fabricators Private Limited · Mridul Commodities Private Limited |
CAPITAL STRUCTURE
As on 26.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11500000 |
Equity Shares |
INR 10/- each |
INR 115.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6488665 |
Equity Shares |
INR 10/- each |
INR 64.887 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
64.887 |
64.887 |
64.574 |
|
(b) Reserves and Surplus |
911.197 |
862.209 |
814.245 |
|
(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) |
976.084 |
927.096 |
878.819 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.306 |
7.535 |
22.001 |
|
(b) Deferred tax liabilities (Net) |
39.684 |
44.360 |
42.163 |
|
(c) Other long-term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
44.990 |
51.895 |
64.164 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
999.313 |
1058.949 |
1026.158 |
|
(b) Trade payables |
611.209 |
528.302 |
537.887 |
|
(c) Other current liabilities |
791.335 |
771.031 |
731.521 |
|
(d) Short-term provisions |
30.389 |
48.533 |
114.786 |
|
Total Current
Liabilities (4) |
2432.246 |
2406.815 |
2410.352 |
|
|
|
|
|
|
TOTAL |
3453.320 |
3385.806 |
3353.335 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
615.698 |
658.709 |
649.424 |
|
(ii) Intangible Assets |
2.692 |
6.073 |
7.338 |
|
(iii) Tangible assets capital work-in-progress |
0.000 |
0.000 |
2.654 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
6.620 |
|
(b) Non-current Investments |
91.207 |
92.241 |
99.238 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
27.314 |
13.689 |
6.934 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
736.911 |
770.712 |
772.208 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
23.320 |
5.187 |
10.128 |
|
(b) Inventories |
472.126 |
523.058 |
536.611 |
|
(c) Trade receivables |
485.144 |
529.224 |
495.159 |
|
(d) Cash and bank balances |
224.993 |
237.157 |
198.117 |
|
(e) Short-term loans and advances |
754.106 |
669.795 |
748.612 |
|
(f) Other current assets |
756.720 |
650.673 |
592.500 |
|
Total Current
Assets |
2716.409 |
2615.094 |
2581.127 |
|
|
|
|
|
|
TOTAL |
3453.320 |
3385.806 |
3353.335 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3178.971 |
2865.905 |
2536.135 |
|
|
Other Income |
37.962 |
27.700 |
55.511 |
|
|
TOTAL |
3216.933 |
2893.605 |
2591.646 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
976.780 |
975.332 |
934.118 |
|
|
Purchases of
Stock-in-Trade |
415.758 |
252.142 |
11.496 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
40.820 |
(52.119) |
(197.773) |
|
|
Employee benefit expense |
153.810 |
126.498 |
127.247 |
|
|
Other expenses |
1268.722 |
1200.919 |
1330.426 |
|
|
TOTAL |
2855.890 |
2502.772 |
2205.514 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
361.043 |
390.833 |
386.132 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
219.398 |
229.964 |
211.629 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
141.645 |
160.869 |
174.503 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
60.949 |
68.073 |
68.646 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
80.696 |
92.796 |
105.857 |
|
|
|
|
|
|
|
Less |
TAX |
31.708 |
42.454 |
31.503 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
48.988 |
50.342 |
74.354 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
7.55 |
7.76 |
11.51 |
|
|
Diluted |
7.55 |
7.80 |
11.51 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
3400.000 |
|
|
|
|
|
Expected Sales (2018-2019): INR 3700.000 Million (Due to Business
Growth)
The above information has been parted by Mr. Gautam Mondal (Account
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
7.894 |
22.313 |
44.715 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
343.267 |
364.974 |
109.722 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
55.70 |
67.40 |
71.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.55 |
5.42 |
5.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
160.20 |
157.10 |
207.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.76 |
0.75 |
0.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.58 |
0.59 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.72 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.04 |
1.17 |
1.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.49 |
2.60 |
2.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.63 |
0.72 |
0.76 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.65 |
1.70 |
1.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.54 |
1.76 |
2.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.42 |
1.49 |
2.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.02 |
5.43 |
8.46 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.12 |
1.09 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.92 |
0.87 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.28 |
0.27 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
15.60 |
16.78 |
16.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.12 |
1.09 |
1.07 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
64.574 |
64.887 |
64.887 |
|
Reserves & Surplus |
814.245 |
862.209 |
911.197 |
|
Net
worth |
878.819 |
927.096 |
976.084 |
|
|
|
|
|
|
long-term borrowings |
22.001 |
7.535 |
5.306 |
|
Short term borrowings |
1026.158 |
1058.949 |
999.313 |
|
Current maturities of
long-term debts |
44.715 |
22.313 |
7.894 |
|
Total
borrowings |
1092.874 |
1088.797 |
1012.513 |
|
Debt/Equity
ratio |
1.244 |
1.174 |
1.037 |
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 |
2536.135 |
2865.905 |
3178.971 |
|
|
13.003 |
10.924 |
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 |
2536.135 |
2865.905 |
3178.971 |
|
Profit/ (Loss) |
74.354 |
50.342 |
48.988 |
|
2.93% |
1.76% |
1.54% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
64.887 |
64.887 |
|
(b) Reserves and Surplus |
|
1056.990 |
969.246 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
128.603 |
114.643 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1121.877 |
1034.133 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
41.395 |
11.445 |
|
(b) Deferred tax liabilities (Net) |
|
49.098 |
54.368 |
|
(c) Other long-term
liabilities |
|
8.674 |
11.272 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
99.167 |
77.085 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1121.725 |
1189.957 |
|
(b) Trade
payables |
|
651.167 |
496.735 |
|
(c) Other
current liabilities |
|
811.538 |
791.468 |
|
(d) Short-term
provisions |
|
41.104 |
53.300 |
|
Total Current
Liabilities (4) |
|
2625.534 |
2531.460 |
|
|
|
|
|
|
TOTAL |
|
3975.181 |
3757.321 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible assets |
|
753.088 |
793.762 |
|
(ii) Intangible Assets |
|
11.947 |
15.714 |
|
(iii) Tangible assets capital work-in-progress |
|
6.677 |
0.000 |
|
(iv) Intangible assets under development |
|
1.986 |
0.000 |
|
(b) Non-current Investments |
|
91.897 |
64.047 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term loans and advances |
|
68.586 |
17.600 |
|
(e) Other Non-current assets |
|
0.000 |
0.092 |
|
Total Non-Current
Assets |
|
934.181 |
891.215 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
|
23.368 |
5.236 |
|
(b) Inventories |
|
558.330 |
610.632 |
|
(c) Trade receivables |
|
607.379 |
556.205 |
|
(d) Cash and bank balances |
|
267.535 |
278.821 |
|
(e) Short-term loans and advances |
|
827.576 |
764.448 |
|
(f) Other current assets |
|
756.812 |
650.764 |
|
Total
Current Assets |
|
3041.000 |
2866.106 |
|
|
|
|
|
|
TOTAL |
|
3975.181 |
3757.321 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
3476.047 |
3097.473 |
|
|
Other Income |
|
52.994 |
36.594 |
|
|
TOTAL |
|
3529.041 |
3134.067 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1047.012 |
1033.677 |
|
|
Purchases of
Stock-in-Trade |
|
418.023 |
252.364 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
36.811 |
(46.665) |
|
|
Employee benefit expense |
|
197.587 |
166.533 |
|
|
Other expenses |
|
1383.073 |
1282.157 |
|
|
TOTAL |
|
3082.506 |
2688.066 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
446.535 |
446.001 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
245.293 |
257.998 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
201.242 |
188.003 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
79.917 |
80.956 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
121.325 |
107.047 |
|
|
|
|
|
|
|
Less |
TAX |
|
48.505 |
49.735 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
72.820 |
57.312 |
|
|
|
|
|
|
|
Less |
MINORITY
INTEREST |
|
(13.960) |
(6.539) |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
58.861 |
50.772 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
9.07 |
7.82 |
|
|
Diluted |
|
9.07 |
7.86 |
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 |
No |
|
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 |
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 four years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
28] |
Estimation for coming financial year |
Yes |
|
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 LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Rupee term loans from others |
99.994 |
97.082 |
|
Loans and advances from related parties |
17.987 |
51.365 |
|
Total |
117.981 |
148.447 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G88247994 |
100179458 |
HINDUJA LEYLAND FINANCE LIMITED |
29/03/2018 |
- |
- |
4723156.0 |
1 Sardar Patel Road Guindy Chennai Tamilnadu 600032 India |
|
2 |
C80305691 |
10622710 |
L & T FINANCE LIMITED |
29/01/2016 |
- |
- |
30000000.0 |
L&T HOUSE, BALLARD ESTATE, MUMBAI MAHARASHTRA 400001 IN |
|
3 |
C52558806 |
10300177 |
ALLAHABAD BANK |
02/07/2011 |
30/03/2015 |
- |
2526600000.0 |
INTERNATIONAL BRANCH 119 PARK STREET (GROUND FLOOR) KOLKATA WB 700016 IN |
|
4 |
B08154809 |
10270257 |
BANK OF INDIA |
04/03/2011 |
17/03/2011 |
- |
313000000.0 |
KOLKATA MID CORPORATE BRANCH, 23A, NETAJI SUBHAS ROAD, KOLKATA WB 700001 IN |
|
5 |
B91070219 |
10252571 |
ICICI BANK LIMITED |
19/11/2010 |
02/12/2013 |
- |
675000000.0 |
3A GURUSADAY ROAD 2ND FLOOR KOLKATA WB 700019 IN |
|
6 |
Y10480213 |
90352455 |
UNION BANK OF INDIA |
14/06/1996 |
- |
- |
1040000.0 |
NAGPUR MAHARASHTRA IN |
|
7 |
Y10480116 |
90352358 |
UNION BANK OF INDIA |
17/05/1995 |
- |
- |
1495000.0 |
NAGPUR MAHARASHTRA IN |
|
8 |
G47029590 |
10196242 |
ALLAHABAD BANK |
03/12/2009 |
- |
02/06/2017 |
767000000.0 |
INTERNATIONAL BRANCH 119, PARK STREET KOLKATA WB 700016 IN |
|
9 |
G47051552 |
10456867 |
ALLAHABAD BANK |
20/09/2013 |
- |
02/06/2017 |
1350000000.0 |
119, PARK STREET KOLKATA WB 700016 IN |
|
10 |
G47029889 |
90248820 |
ALLAHABAD BANK |
29/04/2005 |
12/09/2005 |
02/06/2017 |
84000000.0 |
INTERNATIONAL BRANCH1 19; PARK STREET KOLKATA WB 700016 IN |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Computer
- Plant and Machinery
- Vehicles
- Computer equipments
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.