|
|
|
MIRA INFORM REPORT
|
Report No. : |
516715 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT ROLL INDUSTRY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18D, “Everest House”, 46/C, Chowringhee Road, P.S-Shakespeare Sarani,
Kolkata – 700071, West Bengal |
|
Mobile No.: |
91-9869466314 (Mr. Harinderpal Singh Negi) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
19.04.1985 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1985PTC038819 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 35.581 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB0996J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Rolls, Rounds, Blanks, Shafts Fibre Bearing (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Bharat Roll Industry Private Limited was incorporated in the year 1985. It is a manufacturer of Iron and Steel Rolls.
|
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: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
22.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
22.01.2018 |
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 28.06.2018
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 DENIED
Management non-cooperative (Tel No.: 91-33-22881121/ 22889247)
LOCATIONS
|
Registered Office/Head Office : |
18D, “Everest House”, 46/C, Chowringhee Road, P.S-Shakespeare Sarani,
Kolkata – 700071, West Bengal, India |
|
Tel. No. : |
91-33-30521114/ 30521116/ 30521117/ 30521120/ 30521116 |
|
Mobile No.: |
91-9869466314 (Mr. Harinderpal Singh Negi) |
|
Fax No. : |
91-33-22881121/ 22889247 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Unit I & III: |
Kantalia, P.O. Nibra, District Howrah – 711409, West Bengal, India |
|
Tel No.: |
91-33-26707539, 84448 |
|
|
|
|
Unit II : |
Jaganathpur, P.O. Bamunari, Delhi Road, Seramppore – 712205, West Bengal, India |
|
Tel No.: |
91-33-26721506/4342 |
|
|
|
|
Branch Offices: |
Located at · Bangalore · Mumbai · New Delhi · Chennai · Raipur ·
Kanpur · Vizag |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Tejinder Singh Saini |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandeville Gardens, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.03.1971 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.1995 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AMAPS8248J |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00107721 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amardeep Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandeville Gardens, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.08.1960 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.01.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00107756 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gurvinder Kaur Dhanjal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandeville Gardens, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.04.1943 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.04.1985 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
ADWPD0993L |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00430248 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Amarjit Kaur Saini |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandeville Gardens, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.09.1950 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.04.1985 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AMBPS1607A |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00430305 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Avatar Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
E4, Apsara, 67, Park Street, Kolkata – 700016, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.03.1934 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.04.1985 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AKTPS7554G |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00430322 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Harjinder Kaur Dhanjal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandeville Gardens, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1961 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
AFNPK5076N |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00430339 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jitender Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
7F, Middleton Apartment, 3 Middleton Row, Kolkata – 700071, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.10.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2005 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
ALAPS5768E |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00430352 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Teveen Saini |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3-1, Mandeville Gardens, Kolkata-700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
07268298 |
||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mandip Kaur |
|
Designation : |
Company Secretary |
|
Address : |
4/1E, Ahmed Mamuji Street Liluah, Howrah- 711204, West Bengal,
India |
|
Date of Appointment : |
01.08.2016 |
|
PAN No.: |
CBAPK7362J |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Gurvinder Kaur Dhanjal |
|
32188 |
|
Amarjit Kaur Saini |
|
52175 |
|
Avtar Singh |
|
156 |
|
Sonia Kripalani |
|
11433 |
|
Tejinder Singh |
|
20107 |
|
Harjinder Kaur |
|
31652 |
|
Rajinder Singh Nagi |
|
490 |
|
Bhupinder Singh |
|
24233 |
|
Bakhshish Singh |
|
18252 |
|
Ramnik Kaur |
|
21158 |
|
Rana Udyog Private Limited, India |
|
32984 |
|
Amardeep Singh |
|
16145 |
|
Bevlyn Saini |
|
34407 |
|
Jitender Singh |
|
13317 |
|
Jatin Singh Saini |
|
1320 |
|
Birinder Singh Dhanjal |
|
7105 |
|
Reet Kaur |
|
1370 |
|
Mandeep Singh |
|
11000 |
|
Gurminder Gandhi |
|
220 |
|
Gurvinder Singh Gandhi |
|
220 |
|
Amar Singh Gandhi |
|
220 |
|
Anil Kaur Gandhi |
|
220 |
|
Prakash Kaur |
|
8256 |
|
Pawan Kripalani |
|
50 |
|
A. Veerabagu (Trustee –Khubchand Sethia Charitable Trust) |
|
6400 |
|
Gayson and Company Private Limited, India |
|
10680 |
|
Teveen Saini |
|
50 |
|
Total |
|
355808 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
85.93 |
|
Promoters- Body corporate |
12.27 |
|
Promoters- Others - Trust |
1.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Rolls, Rounds, Blanks, Shafts Fibre Bearing (Registered Activity) |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Ghosh and Pande Chartered Accountants |
|
Address : |
Mercantile Building, Block A, Room No , 59, Lal Bazar Street, 2nd Floor, Kolkata- 700001, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFG0980H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
· Modern Ispat Private Limited, India [U27109WB2006PTC111808] · Modern India Steel Rolling Mills Private Limited, India [U27109WB1999PTC090281] · Gayson and Co Private Limited, India [U29199WB1963PTC025860] · Rana Udyog Private Limited, India [U51909WB1995PTC071361] · Modern Inns Private Limited, India [U55101WB2006PTC112253] · Magnum Dealcomm Private Limited [U51909WB1995PTC075496] |
|
|
|
|
Enterprises which are owned, or have significant influence of or
are partners with Key management personnel and their relatives: |
· Lloyd Erectors Private Limited, India [U70101WB1988PTC043925] |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
618000 |
Equity Shares |
INR 100/- each |
INR 61.800 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
355808 |
Equity Shares |
INR 100/- each |
INR 35.581 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 |
35.581 |
35.581 |
35.581 |
|
(b) Reserves and Surplus |
659.482 |
656.926 |
633.477 |
|
(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) |
695.063 |
692.507 |
669.058 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
41.355 |
37.355 |
52.655 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
33.037 |
28.454 |
27.100 |
|
Total Non-current
Liabilities (3) |
74.392 |
65.809 |
79.755 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
199.078 |
177.911 |
212.917 |
|
(b) Trade
payables |
176.289 |
153.583 |
239.915 |
|
(c) Other
current liabilities |
55.963 |
89.313 |
84.804 |
|
(d) Short-term
provisions |
3.423 |
4.297 |
2.781 |
|
Total Current
Liabilities (4) |
434.753 |
425.104 |
540.417 |
|
|
|
|
|
|
TOTAL |
1204.208 |
1183.420 |
1289.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
348.289 |
369.095 |
411.447 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
1.846 |
|
(iv)
Intangible assets under development |
3.408 |
0.000 |
0.000 |
|
(b) Non-current Investments |
105.448 |
93.772 |
71.572 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
83.222 |
83.700 |
84.553 |
|
(e) Other
Non-current assets |
0.126 |
0.677 |
1.034 |
|
Total Non-Current
Assets |
540.493 |
547.244 |
570.452 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
225.260 |
237.450 |
296.862 |
|
(c) Trade
receivables |
345.595 |
315.076 |
330.797 |
|
(d) Cash and
bank balances |
32.238 |
9.312 |
16.171 |
|
(e)
Short-term loans and advances |
21.849 |
22.253 |
28.366 |
|
(f) Other current
assets |
38.773 |
52.085 |
46.582 |
|
Total
Current Assets |
663.715 |
636.176 |
718.778 |
|
|
|
|
|
|
TOTAL |
1204.208 |
1183.420 |
1289.230 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1355.324 |
1303.195 |
1342.583 |
|
|
Other Income |
5.193 |
4.049 |
18.219 |
|
|
TOTAL |
1360.517 |
1307.244 |
1360.802 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
704.863 |
618.755 |
675.852 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.249 |
55.221 |
55.463 |
|
|
Employee benefit expense |
143.726 |
137.343 |
129.497 |
|
|
Other expenses |
418.855 |
397.521 |
389.774 |
|
|
Prior period items |
0.212 |
0.344 |
0.104 |
|
|
Extraordinary items |
0.000 |
0.000 |
5.963 |
|
|
TOTAL |
1269.905 |
1209.184 |
1256.653 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
90.612 |
98.060 |
104.149 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.796 |
26.340 |
25.834 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
66.816 |
71.720 |
78.315 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
43.980 |
48.034 |
55.191 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
22.836 |
23.686 |
23.124 |
|
|
|
|
|
|
|
Less |
TAX |
20.280 |
0.237 |
7.633 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.556 |
23.449 |
15.491 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.18 |
65.90 |
43.54 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
76.897 |
93.687 |
44.222 |
|
Net cash flows from (used in) operating activities |
62.899 |
78.507 |
25.486 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
93.07 |
88.25 |
89.93 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.92 |
4.14 |
4.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
91.29 |
90.60 |
129.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.40 |
0.41 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.26 |
0.27 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.36 |
0.36 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.26 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.63 |
0.61 |
0.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.53 |
0.62 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.81 |
3.72 |
4.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.19 |
1.80 |
1.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.21 |
1.98 |
1.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.37 |
3.39 |
2.32 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.53 |
1.50 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.01 |
0.94 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.59 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.60 |
5.00 |
5.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.53 |
1.50 |
1.33 |
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 |
35.581 |
35.581 |
35.581 |
|
Reserves & Surplus |
633.477 |
656.926 |
659.482 |
|
Net
worth |
669.058 |
692.507 |
695.063 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
212.917 |
177.911 |
199.078 |
|
Total
borrowings |
212.917 |
177.911 |
199.078 |
|
Debt/Equity
ratio |
0.318 |
0.257 |
0.286 |
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 |
1342.583 |
1303.195 |
1355.324 |
|
|
|
(2.934) |
4.000 |
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 |
1342.583 |
1303.195 |
1355.324 |
|
Profit/ (Loss) |
15.491 |
23.449 |
2.556 |
|
|
1.15
% |
1.80
% |
0.19
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
35.581 |
35.581 |
|
(b) Reserves and Surplus |
|
681.264 |
687.940 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
716.845 |
723.521 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
41.355 |
37.355 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
33.037 |
28.454 |
|
Total Non-current
Liabilities (3) |
|
74.392 |
65.809 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
199.078 |
177.911 |
|
(b) Trade payables |
|
176.289 |
153.583 |
|
(c) Other
current liabilities |
|
55.963 |
89.314 |
|
(d) Short-term
provisions |
|
3.423 |
4.297 |
|
Total Current
Liabilities (4) |
|
434.753 |
425.105 |
|
|
|
|
|
|
TOTAL |
|
1225.990 |
1214.435 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
348.289 |
369.095 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets capital work-in-progress |
|
3.408 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
127.244 |
124.787 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term loans and advances |
|
83.222 |
83.700 |
|
(e) Other Non-current assets |
|
0.126 |
0.677 |
|
Total Non-Current
Assets |
|
562.289 |
578.259 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
225.246 |
237.450 |
|
(c) Trade
receivables |
|
345.595 |
315.076 |
|
(d) Cash and bank balances |
|
32.238 |
9.312 |
|
(e) Short-term loans and advances |
|
21.849 |
22.253 |
|
(f) Other current assets |
|
38.773 |
52.085 |
|
Total
Current Assets |
|
663.701 |
636.176 |
|
|
|
|
|
|
TOTAL |
|
1225.990 |
1214.435 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
1355.324 |
1303.195 |
|
|
Other Income |
|
(5.775) |
0.330 |
|
|
TOTAL |
|
1349.549 |
1303.525 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
704.863 |
618.755 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
2.249 |
55.221 |
|
|
Employee benefit expense |
|
143.726 |
137.343 |
|
|
Other expenses |
|
418.938 |
397.625 |
|
|
Prior period items before tax |
|
0.212 |
0.344 |
|
|
TOTAL |
|
1269.988 |
1209.288 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
79.561 |
94.237 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
23.713 |
26.236 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
55.848 |
68.001 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
43.980 |
48.034 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
11.868 |
19.967 |
|
|
|
|
|
|
|
Less |
TAX |
|
20.280 |
0.237 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(8.412) |
19.730 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(23.64) |
55.45 |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term borrowings |
|
|
|
Intercorporate borrowings |
0.000 |
4.000 |
|
Loans and advances from related parties |
0.695 |
0.695 |
|
Total |
0.695 |
4.695 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G32975047 |
10366150 |
AXIS BANK LIMITED |
17/07/2012 |
16/12/2016 |
- |
335000000.0 |
CORPORATE BANKING BRANCH (CBB)1, SHAKESPEARE SARANI, 3RD FLOOR, AC MARKET.KOLKATAWB700071IN |
|
2 |
C00130377 |
10345482 |
AXIS BANK LIMITED |
06/03/2012 |
22/02/2014 |
- |
335000000.0 |
CORPORATE BANKING BRANCH, 3RD FLOOR, AC MARKET1 SHAKESPEARE SARANIKOLKATAWB700071IN |
|
3 |
B32629248 |
10336745 |
THE FEDERAL BANK LTD |
14/02/2012 |
- |
- |
950000000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st FloorKolkataWB700017IN |
|
4 |
B28062933 |
10284507 |
THE FEDERAL BANK LTD |
21/04/2011 |
24/11/2011 |
- |
1000000000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st FloorKolkataWB700017IN |
|
5 |
C04060471 |
10175005 |
THE FEDERAL BANK LTD |
12/08/2009 |
- |
24/04/2014 |
45000000.0 |
Shakespeare Sarani Branch21A, Shakespeare Sarani, 1st FloorKolkataWB700017IN |
|
6 |
C04061420 |
90252333 |
THE FEDERAL BANK LIMITED |
01/10/2004 |
12/12/2007 |
24/04/2014 |
45000000.0 |
SHAKESPEARE SARANI BRANCH,21A, SHAKESPEARE SARANIKOLKATAWB700017IN |
|
7 |
B57434409 |
90247649 |
THE FEDERAL BANK LTD |
22/11/2005 |
04/08/2011 |
04/09/2012 |
140000000.0 |
Shakespeare Sarani Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st FloorKolkataWB700017IN |
|
8 |
B57433765 |
90244623 |
THE FEDERAL BANK LTD |
29/11/2001 |
04/08/2011 |
04/09/2012 |
140000000.0 |
Shakespeare Sarani Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st FloorKolkataWB700017IN |
|
9 |
B45044575 |
10316975 |
AXIS BANK LIMITED |
21/09/2011 |
- |
02/08/2012 |
250000000.0 |
CORPORATE BANKING BRANCH (CBB),1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
10 |
B45044260 |
10308830 |
AXIS BANK LIMITED |
10/08/2011 |
- |
02/08/2012 |
10000000.0 |
CORPORATE BANKING BRANCH (CBB),1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
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.