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|
|
MIRA
INFORM REPORT
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Report No. : |
495750 |
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Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
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Name : |
CENTURY METAL RECYCLING PRIVATE LIMITED (w.e.f. 23.04.2006) |
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|
|
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Formerly Known
As : |
CENTURY ALUMINIUM
INDUSTRIES PRIVATE LIMITED (w.e.f. 27.05.2005) BHAIRAV LEASING
AND FINANCE PRIVATE LIMITED |
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Registered Office
: |
W-5/16, Western Avenue, Sainik Farm, New Delhi-110062 |
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Tel. No.: |
91-11-51618203 /
29554559 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
25.07.1994 |
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Com. Reg. No.: |
55-060453 |
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Capital
Investment / Paid-up Capital : |
INR 76.542 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1994PTC060453 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACB3682J |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACB3682J1ZM |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Aluminium Alloys and Zinc Alloy ingots (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 7760000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1994. It is a manufacturer of
aluminium alloy and zinc alloy ingots Subject’s customer include Maruti Suzuki, Honda, Toyota, Hyundai,
Ford, Renault Nissan, Hero, Yamaha, Bajaj, TVS, Royal Enfield, Endurance,
Bosch, etc. As per the financial records of 2017, the company achieved 5.18%
growth in its revenue as compared to the previous year’s revenue and reported
an average net profit margin of 4.04%. The company possesses strong financial position marked by sound net
worth base along with low debt balance sheet profile and satisfactory
liquidity position. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered good for normal business
dealings at usual trade term 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
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 |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
Not Available |
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 09.03.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-12-5223050/ 29554559)
LOCATIONS
|
Registered Office : |
W-5/16, Western Avenue, Sainik Farm, New Delhi – 110062, India |
|
Tel. No.: |
91-11-51618203 /
29554559 91-1275-262975 |
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Fax No.: |
91-1275-262977 |
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E-Mail : |
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Website : |
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Corporate
Office : |
13/6, SSR Corporate Park, 8th Floor, Sector - 27 B, Delhi - Mathura Road, Faridabad - 121003 (Haryana), India |
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Tel. No.: |
91-129 4223050 / 4223051 |
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Fax No.: |
91-129 4223052 |
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E-mail : |
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Unit 1 : |
Killa No. 19/22, Tatarpur - Bhagola Road, Village - Tatarpur, P. O. Asawati, Palwal - 121102, Haryana, India |
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E-mail : |
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Unit 2 : |
3 / P - 2, Sector - 10, I. I. E, SIDCUL, B H E L, Haridwar - 249 403, Uttarakhand, India |
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Tel No.: |
91-133-4239541 |
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E-mail : |
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Unit 3 : |
38/6 K. M. Stone, Delhi Jaipur Highway, Near - Sunbeam Auto Limited, Narsinghpur, Gurugram - 122 001, Haryana, India |
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Tel No.: |
91-124-3225738 |
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E-mail : |
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Unit 4 : |
Plot No. S P - 1 (D), RIICO Industrial Area, Tapukara, Bhiwadi - 301 707, Rajasthan, India |
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Tel No.: |
91-1493-512120 |
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E-mail : |
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Unit 5 : |
Plot No. 182, Sector - 5, Near - Sunbeam Auto Limited, IMT Manesar, Haryana India |
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Tel No.: |
91-124-2164063 |
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E-mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mohan Agarwal |
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Designation : |
Managing Director |
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Address : |
F-170B, Lane W-5, Western Avenue, Sainik Farm, New Delhi – 110062,
India |
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Date of Birth/Age : |
12.07.1963 |
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Qualification : |
B.Com |
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Date of Appointment : |
25.07.1994 |
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PAN No.: |
ADEPA0100C |
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DIN No.: |
00595232 |
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Other Directorship:
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Name : |
Ms. Gauri Shankar Agarwala |
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Designation : |
Director |
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Address : |
F-170B, Lane W-5, Western Avenue, Sainik Farm, New Delhi – 110062,
India |
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Date of Birth/Age : |
04.07.1940 |
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Qualification : |
Lawyer |
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Date of Appointment : |
25.07.1994 |
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PAN No.: |
ADEPA0101D |
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DIN No.: |
00595378 |
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Other Directorship:
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Name : |
Mr. Vegulaparanan Kasi Viswanathan |
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Designation : |
Director |
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Address : |
F 01,1st Floor, Legacy Caldera 56, SRT Road, Cunningham Cross Road
Bangalore – 560052, Karnataka, India |
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Date of Birth/Age : |
20.11.1950 |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
01782934 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Akshay Agarwal |
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Designation : |
Director |
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Address : |
F 170 B Western Avenue Sainik Farm, New Delhi- 110062, India |
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Date of Appointment : |
17.11.2017 |
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DIN No.: |
07175149 |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Peter Francis Amour |
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Designation : |
Director |
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Address : |
22A, Belgravia, 57 South Bay Road, Hong Kong |
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Date of Appointment : |
11.01.2018 |
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DIN No.: |
00071314 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Rajat Jain |
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Designation : |
Chief Financial Officer |
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Address : |
Bungalow No. 14, Kumar Palmsprings, Sr No. 12/13, Undri, Pune 411060, Maharashta, India |
|
Date of Appointment : |
02.01.2018 |
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PAN No.: |
AAIPJ6067E |
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|
|
|
Name : |
Mr. Pradeep Singh |
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Designation : |
Company Secretary |
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Address : |
House No.1638, Sector-28, Faridabad – 121001, Haryana, India |
|
Date of Birth/Age : |
03.11.1983 |
|
Date of Appointment : |
21.09.2013 |
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PAN No.: |
BOPPS0295P |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of
Shareholders (Equity) |
|
No. of Shares |
|
Mohan Agarwal |
|
788955 |
|
Gauri Shankar Agarwal |
|
667714 |
|
Mohan Agarwal HUF |
|
17 |
|
Gauri Shankar Agarwal – HUF |
|
59158 |
|
Kalawati Agarwal |
|
397441 |
|
Pratibha Agarwal |
|
534921 |
|
Ramayana Polymers Private limited – India |
|
497336 |
|
Forever Multimedia Private Limited – India |
|
500760 |
|
Sanjivani Infrastructure Private Limited – India |
|
667680 |
|
Grand Metal Recycling Private limited – India |
|
573520 |
|
Suvridhi Financial Services Limited – India |
|
912498 |
|
Global Scrap Processors Limited, India |
|
523375 |
|
Total |
|
6123375 |
|
Names of
Shareholders (Preference) |
|
No. of Shares |
|
Global Scrap Processors Limited, India |
|
1530844 |
|
Total |
|
1530844 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
39.98 |
|
Promoters (Body corporate) |
51.47 |
|
Public/Other than promoters (Body corporate) |
8.55 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Aluminium Alloys and Zinc Alloy ingots (Registered Activity) |
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Products / Services
: |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers (From Indirect
Sources): |
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No. of Employees : |
Not Divulged |
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Bankers : |
State Bank of India, Commercial Branch 70, The Great Eastern
Centre, Nehru Place, New Delhi-110019, India |
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Facilities : |
|
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Auditors : |
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|
Name : |
S. R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
3rd & 6Th Floor, Worldmark-1 IGI Airport Hospitality District, Aerocity, New Delhi-110037 |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
|
|
|
|
Associate : |
Suvridhi Financial Services Limited CIN No.: L67120DL1992PLC123134 |
|
|
|
|
Subsidiary : |
Sanjivani Non Ferrous Trading Private Limited CIN No.: U70109DL2006PTC154419 |
|
|
|
|
Joint Venture : |
· CMR Nikkei India Private Limited CIN No.: U37100HR2012PTC046602 · CMR-Toyotsu Aluminium India Private Limited CIN No.: U37100HR2012PTC046421 |
|
|
|
|
Joint Venturer : |
· Nikkei MC Aluminium Co. Limited · Toyota Tsusho Corporation |
|
|
|
|
Subsidiary of a
Joint Venture (CMR-Toyotsu Aluminium India Private Limited) : |
CTA Trading Private Limited |
|
|
|
|
Enterprise over
which Directors and Major Shareholders of the Company have substantial
influence : |
· Grand Metal Industries Private Limited · Grand Metal Recycling Private Limited |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
2000000 |
Preference shares |
INR 10/- each |
INR 20.000 Million |
|
|
Total |
|
INR 90.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6123375 |
Equity Shares |
INR 10/- each |
INR 61.234 Million |
|
1530844 |
Preference shares |
INR 10/- each |
INR 15.308 Million |
|
|
Total |
|
INR 76.542
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
76.542 |
76.542 |
76.542 |
|
(b) Reserves & Surplus |
2638.768 |
2063.302 |
1982.775 |
|
(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) |
2715.310 |
2139.844 |
2059.317 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
174.389 |
113.318 |
61.549 |
|
(b) Deferred tax liabilities
(Net) |
61.118 |
74.092 |
74.881 |
|
(c) Other long term
liabilities |
6.241 |
7.868 |
2.137 |
|
(d) long-term provisions |
17.460 |
12.417 |
11.602 |
|
Total
Non-current Liabilities (3) |
259.208 |
207.695 |
150.169 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1514.476 |
1807.590 |
2060.569 |
|
(b) Trade payables |
186.274 |
518.266 |
484.853 |
|
(c) Other current liabilities |
141.363 |
109.345 |
159.760 |
|
(d) Short-term provisions |
36.917 |
20.453 |
20.580 |
|
Total
Current Liabilities (4) |
1879.030 |
2455.654 |
2725.762 |
|
|
|
|
|
|
TOTAL |
4853.548 |
4803.193 |
4935.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
805.983 |
905.338 |
942.163 |
|
(ii) Intangible Assets |
20.922 |
14.882 |
3.911 |
|
(iii) Capital work-in-progress |
15.916 |
19.227 |
53.499 |
|
(iv) Intangible assets under
development |
0.000 |
7.965 |
0.000 |
|
(b) Non-current Investments |
811.385 |
640.336 |
640.336 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
110.874 |
172.881 |
164.535 |
|
(e) Other Non-current assets |
31.820 |
28.600 |
19.029 |
|
Total
Non-Current Assets |
1796.900 |
1789.229 |
1823.473 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
863.939 |
461.041 |
953.494 |
|
(c) Trade receivables |
1015.440 |
1099.123 |
1132.153 |
|
(d) Cash and cash equivalents |
227.529 |
249.457 |
31.000 |
|
(e) Short-term loans and
advances |
913.242 |
1132.726 |
881.359 |
|
(f) Other current assets |
36.498 |
71.617 |
113.769 |
|
Total
Current Assets |
3056.648 |
3013.964 |
3111.775 |
|
|
|
|
|
|
TOTAL |
4853.548 |
4803.193 |
4935.248 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
14261.380 |
13559.157 |
14873.095 |
|
|
Other Income |
98.268 |
122.429 |
54.082 |
|
|
TOTAL
|
14359.648 |
13681.586 |
14927.177 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
11159.967 |
11930.020 |
13001.974 |
|
|
Purchases of Stock-in-Trade |
1138.027 |
188.021 |
473.908 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(54.131) |
176.309 |
(93.266) |
|
|
Employees benefits expense |
321.882 |
330.542 |
332.844 |
|
|
Other expenses |
645.296 |
534.893 |
744.636 |
|
|
TOTAL |
13211.041 |
13159.785 |
14460.096 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1148.607 |
521.801 |
467.081 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
230.146 |
311.485 |
318.116 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
918.461 |
210.316 |
148.965 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
107.700 |
112.865 |
77.329 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
810.761 |
97.451 |
71.636 |
|
|
|
|
|
|
|
Less |
TAX |
235.296 |
16.924 |
15.579 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
575.465 |
80.527 |
56.057 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
|
|
|
Basic
|
93.98 |
13.15 |
9.15 |
|
|
Diluted
|
75.18 |
10.52 |
7.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
32.840 |
10.135 |
68.519 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
694.167 |
653.675 |
880.179 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
25.99 |
29.59 |
27.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
14.04 |
12.34 |
13.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
5.53 |
15.61 |
13.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.33 |
1.13 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.36 |
0.55 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.43 |
0.54 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.63 |
0.90 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.69 |
1.15 |
1.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.31 |
0.44 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.99 |
1.68 |
1.47 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.04 |
0.59 |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.86 |
1.68 |
1.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.19 |
3.76 |
2.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.63 |
1.23 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.17 |
1.04 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.45 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
22.49 |
25.23 |
28.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.63 |
1.23 |
1.14 |
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 |
76.542 |
76.542 |
76.542 |
|
Reserves & Surplus |
1982.775 |
2063.302 |
2638.768 |
|
Net
worth |
2059.317 |
2139.844 |
2715.310 |
|
|
|
|
|
|
long-term borrowings |
61.549 |
113.318 |
174.389 |
|
Short term borrowings |
2060.569 |
1807.590 |
1514.476 |
|
Current maturities of long-term
debts |
68.519 |
10.135 |
32.840 |
|
Total
borrowings |
2190.637 |
1931.043 |
1721.705 |
|
Debt/Equity
ratio |
1.064 |
0.902 |
0.634 |
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 |
14873.095 |
13559.157 |
14261.380 |
|
|
|
(8.834) |
5.179 |
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 |
14873.095 |
13559.157 |
14261.380 |
|
Profit |
56.057 |
80.527 |
575.465 |
|
|
0.38% |
0.59% |
4.04% |
LEGAL
CASES
|
CHIEF JUDICIAL MAGISTRATE, FARIDABAD CASE DETAILS CASE TYPE: COMA
CASE STATUS First Hearing Date: 03rd
March 2016 PETITIONER AND ADVOCATE 1) CENTRAL EXCISE RESPONDENT AND ADVOCATE 1) CENTURY METAL
RECYCLING PRIVATE LIMITED Acts
Orders
|
||||||||||||||||||||||||||||||
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 |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
The Company has reported total Income of INR 14359.648 Million for the current year as compared to INR 13681.586 Million in the previous year. The Net Profit for the year amounted to INR 810.761 Million in the current year as compared to INR 97.451 Million in the previous year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
93.911 |
15.300 |
|
Total |
93.911 |
15.300 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G54123229 |
100124120 |
Axis Bank Limited |
28/08/2017 |
- |
- |
700000000.0 |
Plot no 40 SCO Sector 7BallabgarhFaridabad |
|
2 |
C82480286 |
10627938 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
21/03/2016 |
- |
- |
100000000.0 |
N.H 5 R/2NEELAM BADSHAH KHAN ROAD, NIT,FARIDABADHR121001IN |
|
3 |
C81969255 |
10483686 |
State Bank of India |
21/02/2014 |
22/02/2016 |
- |
640000000.0 |
Commercial Branch, The Great Eastern centre70, Ground Floor, Nehru PlaceNew DelhiDL110019IN |
|
4 |
G77971406 |
10445153 |
State Bank of India |
31/07/2013 |
04/01/2018 |
- |
451104000.0 |
Commercial Branch70 Ground Floor, Nehru PlaceNew DelhiDL110019IN |
|
5 |
G07679160 |
10390306 |
State Bank of India |
10/11/2012 |
21/06/2016 |
- |
261500000.0 |
Commercial Branch, 70 The Great Eastern CentreGround floor, Nehru PlaceNew DelhiDL110019IN |
|
6 |
G74585126 |
10093568 |
State Bank of India |
07/12/2007 |
28/12/2017 |
- |
2426200000.0 |
Commercial Branch70, The Great Eastern Centre, Nehru PlaceNew DelhiDL110019IN |
|
7 |
A73769051 |
80013455 |
STATE BANK OF INDIA |
25/08/2005 |
06/11/2009 |
- |
196000000.0 |
COMMERCIAL BRANCH, VARDHMAN TRADE CENTREPLOT NO 3 & 4, 2ND FLOOR, NEHRU PLACE,NEW DELHIDL110019IN |
|
8 |
G12818563 |
10214083 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
16/04/2010 |
- |
31/08/2016 |
77500000.0 |
N.H 5 R/2NEELAM BADSHAH KHAN ROAD, NIT,FARIDABADHR121001IN |
|
9 |
C53746251 |
10234070 |
The Director of Industries & Commerce Haryana |
24/06/2010 |
- |
06/05/2015 |
26791689.0 |
The Director of Industries & Commerce, Haryana30 Bays Building, Sector-17C,ChandigarhCH160017IN |
|
10 |
C18771105 |
10174533 |
The Director of Industries & Commerce Haryana |
31/07/2009 |
- |
21/08/2014 |
71599978.0 |
The Director of Industries & Commerce, Haryana30 Bays Building, Sector-17C,ChandigarhCH160017IN |
1
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 64.92 |
|
UK Pound |
1 |
INR 80.54 |
|
Euro |
1 |
INR 90.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.
·