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MIRA INFORM REPORT
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Report No. : |
495225 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOHIA CORP LIMITED (w.e.f.
07.03.2013) |
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Formerly Known
As : |
LOHIA STARLINGER LIMITED (w.e.f. 31.12.1987) LOHIA STARLINGER PRIVATE LIMITED |
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Registered
Office : |
D-3/A, Panki Industrial Estate, Kanpur – 208022, Uttar Pradesh |
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Tel. No.: |
91-512-3045100 / 2691221 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
05.10.1981 |
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Com. Reg. No.: |
20-005446 |
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Capital
Investment / Paid-up Capital : |
INR 49.540 Million |
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CIN No.: [Company Identification
No.] |
U29263UP1981PLC005446 |
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IEC No.: [Import-Export Code No.] |
0688001351 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KNPL00108D |
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GSTN : [Goods & Service Tax
Registration No.] |
09AAACL2470J1ZG |
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PAN No.: [Permanent Account No.] |
AAACL2470J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
1500 (Approximately) |
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 |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1981 and it
is having good track. Management of the company has not filed its financials of 2017 with
government department. As per the financial year 2016, the company has increased its revenue
from operation as compared to previous year and has maintained decent profit
margin of 9.59%. Rating takes into consideration sound financial profile of the company
marked by strong networth base along with average debt balance sheet. Rating also derives strength from LCL’s dominant market position in
the domestic HDPE/PP woven-bag machine manufacturing industry and established
track records of business operation. However, these strengths are partially offset by susceptibility to
cyclicality in the HDPE/PP woven-bag machine industry, increasing
competition, volatility in raw material prices and foreign exchange rates. Trade relations are reported as fair. Payments are seems to be
regular. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and condition. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low
Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High
Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = AA- |
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Rating Explanation |
High degree of safety and very low credit risk. |
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Date |
20.12.2016 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A1+ |
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Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
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Date |
20.12.2016 |
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 01.03.2018
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. Atul Gupta |
|
Designation : |
Deputy Manager in Finance |
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Contact No.: |
91-9956065898 |
LOCATIONS
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Registered / Head Office / Works : |
D-3/A, Panki Industrial Estate, Kanpur – 208022, Uttar Pradesh,
India |
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Tel. No.: |
91-512-3045100 / 2691221 |
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Mobile No.: |
91-9956065898 (Mr. Atul Gupta) |
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Fax No.: |
91-512-2691249/3045299 |
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E-Mail : |
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Website : |
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Area : |
10000 Sq. Ft. |
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Location : |
Owned |
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Locality : |
Industrial |
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Corporate Office : |
Lohia
Industrial Complex, Chaubepur, Kanpur – 209203, Uttar Pradesh, India |
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Export Sales / Marketing /
Branch Office [Delhi] : |
218, Ansal Chambers II, Bhikaji Cama Place, New Delhi – 110066, India |
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Tel. No.: |
91-11-30641770 |
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Fax No.: |
91-11-30641771 |
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Marketing / Branch Office [Bangalore] / Overseas Office / Associates 1 : |
544, 9th Cross, 7th Main Sadashiv Nagar,
Bangalore – 560080, Karnataka, India |
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Tel. No.: |
91-80-23610020 / 22 / 41137799 |
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Fax No.: |
91-80-23610024 |
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Marketing / Branch Office [Ahmedabad] : |
Lohia House, Near Heritage Skyz, Prahladnagar, Ahmedabad –
380015, Gujarat, India |
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Tel. No.: |
91-79-40373570 |
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Fax No.: |
91-79-40373585 |
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Marketing / Branch Office [Kolkata] / Overseas Office / Associates 2 : |
FMC Fortuna, A1/4th Floor, 234/3A, A J C Bose Road, Kolkata – 700020, West Bengal, India |
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Tel. No.: |
91-33-30023740 / 50 |
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Fax No.: |
91-33-30522011 |
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Overseas Office / Associates 3: |
Lohia Middle East FZC, P.O. Box No. 122253, Q3-215. Saif Zone, Sharjah – UAE |
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Tel. No.: |
+971 6 5578496 |
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Fax No.: |
+971 6 5578497 |
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Overseas Agents : |
Located at :
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Raj Kumar Lohia |
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Designation : |
Managing director |
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Address : |
113/91, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
21.08.1954 |
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Qualification : |
B.A. |
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Date of Appointment : |
05.10.1981 |
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PAN No.: |
AATPL9289M |
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DIN No.: |
00203659 |
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Other Directorship:
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Name : |
Mr. Vinay Sah |
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Designation : |
Managing Director |
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Address : |
9, Anand Shubh Dham, 7/213 Swaroop Nagar, Kanpur – 208002, Uttar
Pradesh, India |
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Date of Birth/Age : |
23.05.1955 |
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Qualification : |
B.Tech |
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Date of Appointment : |
01.10.2011 |
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PAN No.: |
AETPS3916C |
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DIN No.: |
00203790 |
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Other Directorship:
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Name : |
Mr. Paritosh Kumar Mukherjee |
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Designation : |
Whole-time director |
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Address : |
Flat No. 305, Srishti Apartment, 4/276 B, Parwati Bagla Road,
Vishnupuri, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
01.12.1942 |
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Qualification : |
B.Tech, PGDBM |
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Date of Appointment : |
30.09.2013 |
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PAN No.: |
ACNPM6958J |
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DIN No.: |
06467351 |
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Name : |
Mr. Anurag Kumar Lohia |
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Designation : |
Whole-time director |
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Address : |
Saket 3A/88, Azad Nagar, Kanpur – 208002,
Uttar Pradesh, India |
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Date of Birth/Age : |
18.05.1969 |
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Qualification : |
B.Com |
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Date of Appointment : |
27.07.2002 |
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PAN No.: |
AAEPL1247N |
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DIN No.: |
00205680 |
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Other Directorship:
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Name : |
Mr. Naresh Kumar Gupta |
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Designation : |
Director |
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Address : |
J-32, Sarita Vihar, New Delhi – 110044, India |
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Date of Birth/Age : |
15.04.1938 |
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Qualification : |
B.Tech |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
00214602 |
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Other Directorship:
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Name : |
Ms. Madhu Shah |
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Designation : |
Director |
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Address : |
Flat No. 205, Leela Palace, 7/85, Tilak Nagar, Kanpur – 208002, Uttar
Pradesh, India |
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Date of Birth/Age : |
25.10.1967 |
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Qualification : |
B.Com |
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Date of Appointment : |
24.08.2015 |
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DIN No.: |
00209396 |
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Other Directorship:
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Name : |
Mr. Gopal Chandra Lohia |
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Designation : |
Director |
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Address : |
7/153-B, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
05.07.1937 |
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Qualification : |
FIT(Zurich) |
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Date of Appointment : |
04.04.1983 |
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DIN No.: |
00203506 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Atul Gupta |
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Designation : |
Deputy Manager in Finance |
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|
Name : |
Mr. Arvind Kumar Bhargava |
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Designation : |
Company Secretary |
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Address : |
107, Bima Vihar Lakhanpur, Kanpur – 208024,
Uttar Pradesh, India |
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Date of Birth/Age : |
23.03.1963 |
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Date of Appointment : |
16.05.1995 |
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PAN No.: |
ACIPB6172E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age |
|
Raj Kumar Lohia |
227000 |
4.58 |
|
Amit Kumar Lohia |
140500 |
2.84 |
|
Neela Lohia |
67500 |
1.36 |
|
Gopal Chandra Lohia |
32000 |
0.65 |
|
Ajay Kumar Lohia |
118000 |
2.38 |
|
Jitendra Kumar Lohia |
36000 |
0.73 |
|
Alok Kumar Lohia |
121000 |
2.44 |
|
Anurag Kumar Lohia |
88000 |
1.78 |
|
Anuja Lohia |
50000 |
1.01 |
|
Shree Holdings Limited
(India) |
4074000 |
82.24 |
|
Total |
4954000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
17.76 |
|
Promoter - Bodies
corporate |
82.24 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
·
Raw Material |
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Countries : |
·
USA ·
Australia |
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Terms : |
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Selling : |
L/C and CAD |
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Purchasing : |
L/C and CAD |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
· The Hongkong and Shanghai Banking Corporation Limited, Birla Towers, 25, Barakhamba Road, New Delhi – 110001, India NOTE: As claimed by Mr. Atul Gupta (Deputy Manager-Finance) that their Leading Banker is State Bank of India (Overseas Branch, Kanpur) and Secondary Banker is HDFC Bank Limited (Civil Lines, Kanpur). They also have account in The Hongkong and Shanghai Banking Corporation Limited (New Delhi). |
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Facilities : |
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Auditors 2: |
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|
Name : |
Anil Pariek and Garg Chartered Accountants |
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Address : |
33, Anand Bazar, Swaroop Nagar, Kanpur, Uttar Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFG6229R |
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Auditors 2: |
v. Awathi and Arvind Shrish Chartered Accountants |
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Secretarial Audit
Report : |
|
|
Name : |
Adesh Tandon and Associates |
|
Address : |
11, Kan Chambers, Civil Lines, Kanpur, Uttar Pradesh, India |
|
PAN No.: |
AAGPT3581P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
U65923UP1983PLC006136 |
|
|
|
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Subsidiary company
: |
U24139UP1985PLC006983
U17115UP1987PLC009240
U29261UP2002PLC026468
U29253UP2000PTC025199
U40300UP2013NPL056238 |
|
|
|
|
Fellow Subsidiary
company : |
U67120UP1993PLC015144 |
|
|
|
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Joint Venture: |
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|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relative ; |
U19129UP2001PTC025936
U17291UP2011PTC048127
U17116UP1983PLC006119
U70109UP2009PTC038230
U25201UP1996PTC020772
U67110UP1996PTC020473 |
CAPITAL STRUCTURE
As on 31.03.2016
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4954000 |
Equity Shares |
INR 10/- each |
INR 49.540 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.540 |
49.540 |
49.540 |
|
(b) Reserves & Surplus |
2326.414 |
3164.537 |
3421.730 |
|
(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) |
2375.954 |
3214.077 |
3471.270 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
206.000 |
349.988 |
482.219 |
|
(b) Deferred tax liabilities
(Net) |
50.997 |
64.112 |
9.249 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.467 |
1.282 |
0.939 |
|
Total
Non-current Liabilities (3) |
258.464 |
415.382 |
492.407 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1105.134 |
514.724 |
245.334 |
|
(b) Trade payables |
659.959 |
518.137 |
501.991 |
|
(c) Other current liabilities |
933.738 |
819.242 |
737.952 |
|
(d) Short-term provisions |
39.316 |
7.717 |
56.764 |
|
Total
Current Liabilities (4) |
2738.147 |
1859.820 |
1542.041 |
|
|
|
|
|
|
TOTAL |
5372.565 |
5489.279 |
5505.718 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1360.740 |
1485.052 |
1304.077 |
|
(ii) Intangible Assets |
22.873 |
42.587 |
59.429 |
|
(iii) Capital work-in-progress |
31.761 |
99.541 |
42.663 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
2.276 |
|
(b) Non-current Investments |
153.131 |
98.334 |
184.540 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
328.498 |
226.262 |
336.962 |
|
(e) Other Non-current assets |
6.000 |
6.000 |
0.000 |
|
Total
Non-Current Assets |
1903.003 |
1957.776 |
1929.947 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1442.546 |
1373.700 |
1093.889 |
|
(b) Inventories |
1031.248 |
1019.985 |
1087.659 |
|
(c) Trade receivables |
292.376 |
272.382 |
408.973 |
|
(d) Cash and cash equivalents |
20.489 |
13.393 |
233.848 |
|
(e) Short-term loans and
advances |
633.645 |
766.710 |
750.157 |
|
(f) Other current assets |
49.258 |
85.333 |
1.245 |
|
Total
Current Assets |
3469.562 |
3531.503 |
3575.771 |
|
|
|
|
|
|
TOTAL |
5372.565 |
5489.279 |
5505.718 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
7244.131 |
5936.126 |
6961.085 |
|
|
Other Income |
222.033 |
296.334 |
108.989 |
|
|
TOTAL
|
7466.164 |
6232.460 |
7070.074 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3919.723 |
3271.756 |
3934.191 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
98.868 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
30.002 |
36.408 |
(7.353) |
|
|
Employees benefits expense |
777.230 |
715.492 |
641.569 |
|
|
CSR Expenditure |
0.632 |
1.324 |
0.000 |
|
|
Other expenses |
1420.818 |
1206.653 |
1412.541 |
|
|
TOTAL |
6148.405 |
5231.633 |
6079.816 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1317.759 |
1000.827 |
990.258 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.340 |
29.888 |
31.715 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1253.419 |
970.939 |
958.543 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
205.417 |
200.610 |
178.430 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1048.002 |
770.329 |
780.113 |
|
|
|
|
|
|
|
Less |
TAX |
353.536 |
245.149 |
240.804 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
694.466 |
525.180 |
539.309 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2785.600 |
3129.800 |
2688.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
2.479 |
0.000 |
53.900 |
|
|
Transfer to Capital Redemption
Reserve |
0.000 |
0.000 |
0.100 |
|
|
Proposed Dividend |
0.000 |
0.000 |
37.200 |
|
|
Interim Dividend |
1238.500 |
743.100 |
0.000 |
|
|
Tax on Dividend |
252.129 |
126.280 |
6.309 |
|
|
Total
(M) |
1493.108 |
869.380 |
97.509 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1986.958 |
2785.600 |
3129.800 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
7556.481 |
6091.450 |
7231.390 |
|
|
TOTAL
EARNINGS |
7556.481 |
6091.450 |
7231.390 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
140.18 |
106.01 |
106.53 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover |
|
|
9020.000 |
|
|
|
|
|
Expected Sales (2017-2018) : INR 10000.000 Million (Due to business
growth)
The above information has been parted by Mr. Atul Gupta (Deputy Manager
in Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
164.800 |
155.550 |
111.281 |
|
Cash generated from operations |
1472.161 |
1395.322 |
852.645 |
|
Net cash flow from operating activity |
1135.477 |
1200.102 |
568.515 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
14.73 |
16.75 |
21.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
24.78 |
21.79 |
17.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
61.45 |
57.80 |
45.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.28 |
0.98 |
0.91 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.93 |
0.62 |
0.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.58 |
0.43 |
0.39 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.62 |
0.32 |
0.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.15 |
0.58 |
0.44 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.60 |
0.51 |
0.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
20.48 |
33.49 |
31.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.59 |
8.85 |
7.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
12.93 |
9.57 |
9.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
29.23 |
16.34 |
15.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.90 |
2.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.89 |
1.35 |
1.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.44 |
0.59 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
29.79 |
20.59 |
16.93 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.90 |
2.32 |
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 |
49.540 |
49.540 |
49.540 |
|
Reserves & Surplus |
3421.730 |
3164.537 |
2326.414 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3471.270 |
3214.077 |
2375.954 |
|
|
|
|
|
|
Long Term borrowings |
482.219 |
349.988 |
206.000 |
|
Short Term borrowings |
245.334 |
514.724 |
1105.134 |
|
Current Maturities of Long term debt |
111.281 |
155.550 |
164.800 |
|
Total
borrowings |
838.834 |
1020.262 |
1475.934 |
|
Debt/Equity
ratio |
0.242 |
0.317 |
0.621 |
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 |
|
Sales
|
6961.085 |
5936.126 |
7244.131 |
|
|
|
(14.724) |
22.035 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
6961.085 |
5936.126 |
7244.131 |
|
Profit |
539.309 |
525.180 |
694.466 |
|
|
7.75% |
8.85% |
9.59% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
PERFORMANCE AND
OUTLOOK FOR THE FUTURE
Revenue from operations during the year at INR 7240.000 Million as against INR 5940.000 Million of the previous year, recorded an increase of 22%, with Operating Profit at INR 1320.000 Million witnessing a growth of 32%.
Indian economy is expected to register a GDP growth of 7.9% in fiscal year 2016-17, followed by 8% in 2017-18. Furthermore, government has begun to implement major reforms to unlock country’s investment potential boosting long-terms growth prospects.
The Directors are optimistic about the future potential and prospects of the Company with focus on gaining strong foothold in international markets while maintaining domestic leadership.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G44837649 |
10578931 |
The Hongkong and Shanghai Banking Corporation Limited |
29/06/2015 |
24/05/2017 |
- |
900000000.0 |
25 Barakhamba Road, New Delhi -110001, India |
|
2 |
B64948631 |
10394292 |
The Hongkong and Shanghai Banking Corporation Limited |
10/12/2012 |
- |
- |
560000000.0 |
Birla Towers 25, Barakhamba Road, New Delhi – 110001, India |
|
3 |
C11559507 |
10394295 |
The Hongkong and Shanghai Banking Corporation Limited |
10/12/2012 |
04/07/2014 |
- |
604500000.0 |
Birla Towers25 Barakhamba RoadNew DelhiDL110001IN |
|
4 |
G00911354 |
90268857 |
State Bank of India |
15/12/1994 |
02/03/2016 |
- |
1310000000.0 |
Overseas Branch, 15/54-B, Virendra Smriti Complex, Civil Lines, Kanpur – 208002, Uttar Pradesh, India |
|
5 |
G15672207 |
10401340 |
The Hongkong and Shanghai Banking Corporation Limited |
15/01/2013 |
- |
22/09/2016 |
136620000.0 |
Birla House25 Barakhamba Road, New Delhi – 110001, India |
|
6 |
B70657382 |
10255509 |
CANARA BANK |
14/12/2010 |
- |
14/03/2013 |
100000000.0 |
16/98, THE MALL, KANPUR – 208001, UTTAR PRADESH, INDIA |
|
7 |
A84266741 |
10022541 |
STATE BANK OF INDIA |
30/09/2006 |
28/07/2008 |
21/04/2010 |
271300000.0 |
OVERSEAS BRANCH, 15/54 B VIRENDRA SMRITI COMPLEX, CIVIL LINES, KANPUR – 208001, UTTAR PRADESH, INDIA |
|
8 |
A61167599 |
80017661 |
CANARABANK |
22/04/2006 |
- |
13/04/2009 |
60000000.0 |
THE MALL, KANPUR – 208001, UTTAR PRADESH, INDIA |
|
9 |
A38279113 |
90269657 |
EXPORT-IMPORT BANK OF INDIA |
10/06/2004 |
10/06/2004 |
07/05/2008 |
44200000.0 |
CENTRE ONE BUILDING, FLOOR 21; WORL TRADE CENTRE COMPLEX; CUFFE PARADE, MUMBAI – 400005, MAHARASHTRA, INDIA |
|
10 |
A08241275 |
80017660 |
CANARABANK |
04/05/2006 |
- |
13/12/2006 |
37600000.0 |
THE MALL, KANPUR - 208001, UTTAR PRADESH, INDIA |
FIXED 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
SUJ |
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.