|
|
|
MIRA INFORM REPORT
|
Report No. : |
496474 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC CABLES LIMITED (w.e.f 22.08.2017) |
|
|
|
|
Formerly Known
As : |
DYNAMIC CABLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-259/ 260, Road No. 13, Vishwakarma Industrial Area, Jaipur – 302013, Rajasthan |
|
Tel. No.: |
91-141-4042005/ 2262589 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.04.2007 |
|
|
|
|
Com. Reg. No.: |
17-024139 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 107.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300RJ2007PLC024139 |
|
|
|
|
IEC No.: |
1308000103 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD5741Q |
|
|
|
|
TIN No.: |
08691663820 |
|
|
|
|
GST No.: |
08AACCD5741Q1Z6 |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Cables and Conductors and Importer of Machinery. (Registered Activity and also
Confirmed by Management) |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject
was incorporated in the year 2007 and is a Manufacturer and Exporter
of Cables and Conductors and Importer of Machinery. It was
formerly known as Dynamic Engineers (DE) and was promoted by Mangal Family in
the year 1986 as a partnership firm. As per the
financials of March 2017, the company has registered growth of 11.99% in its
revenue as compared to its previous year’s revenue and reported average
profit margin of 2.67%. Rating
takes into consideration the company’s established track record of business
operations marked by sound net worth base along with average debt coverage
indicators and decent liquidity position. Rating
also takes into account the promoter’s extensive business experience of more
than two decades in the cables and conductors manufacturing industry,
diversified and reputed clientele base. Shares
are quoted high on Stock Exchanges. (Shares are traded at a price of INR
52.70 against its face value of INR 10.) However,
rating strength is partially offset by its presence in a highly competitive
industry and high working capital intensity of operations. Payment
seems to be usually correct. In view
of aforesaid, the company can be considered for business dealings at usual
trade terms and conditions. Note: The company has issues its IPO in the month
December 2017. Issue was opened for subscription on 4.12.2017 and was closed
on 6.12.2017. Shares
were listed on 16.12.2017 on BSE. |
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 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. M. L. Poddar |
|
Designation : |
Vice President (Finance) |
|
Contact No.: |
91-9001096011 |
|
Date : |
07.03.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
F-259/ 260, Road No. 13, Vishwakarma Industrial Area, Jaipur – 302013, Rajasthan, India |
|
Tel. No.: |
91-141-4042005/ 2262589 |
|
Mobile No.: |
91-9001096020 (Mr. M. L. Poddar) |
|
Fax No.: |
91-141-2262589/2330182 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
H-581 (A) - 592 (A), Road No.6, VKI Area, Jaipur – 302013, Rajasthan,
India |
|
Tel. No.: |
91-141-2332388 / 2330766 /3214606 |
|
|
|
|
Factory 3 : |
B-308, Road No.16, Vishwakarma Industrial Area, Jaipur –
302013, Rajasthan, India |
|
Tel No. |
91-141-3214603 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ashish Mangal |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
A-30, Subhash Nagar, Jaipur – 302016, Rajasthan, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.12.1975 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
03.04.2007 |
||||||||||||||||||||||||||||
|
PAN No.: |
ABYPM3246P |
||||||||||||||||||||||||||||
|
DIN No.: |
00432213 |
||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Shalu Mangal |
||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||
|
Address : |
A-30, Subhash Nagar, Jaipur – 302016, Rajasthan, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1979 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
22.07.2017 |
||||||||||||||||||||||||||||
|
PAN No.: |
ACBPG4969R |
||||||||||||||||||||||||||||
|
DIN No.: |
00432482 |
||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rahul Mangal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
A-30, Subhash Nagar, Jaipur – 302016, Rajasthan, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.05.1972 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
03.04.2007 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAAPA1111A |
||||||||||||||||||||||||||||
|
DIN No.: |
01591411 |
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|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Kumar Bhargava |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
8/364, Vidhydhar Nagar, Jaipur-302023, Rajasthan, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
04.11.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
02736069 |
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|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Arvind Kalia |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
4/143, S.F.S. Mansarovar, Jaipur-302020, Rajasthan, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
04.11.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
07981580 |
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Honey Chordia |
|
Designation : |
Company Secretary |
|
Address : |
2326, Chordia Bhawan, Behind Oriental Bank Of Commerce, Johari Bazar, Jaipur 302003, Rajasthan, India |
|
Date of Appointment : |
01.09.2017 |
|
PAN No.: |
AVNPC1784H |
|
|
|
|
Name : |
Mr. Murari Lal Poddar |
|
Designation : |
Chief Finance Officer |
|
Address : |
63, Sanjay Nagar-B, Kalwad Road, Jhotwara, Jaipur -302012, Rajasthan, India |
|
Date of Appointment : |
22.08.2017 |
|
PAN No.: |
ACPPP3706P |
|
|
|
|
Name : |
Mr. M. L. Poddar |
|
Designation : |
Vice President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rahul Mangal |
3530000 |
32.75 |
|
Ashish Mangal |
5018000 |
46.55 |
|
Saroj Mangal |
2200000 |
20.41 |
|
Meenakshi Mangal |
15000 |
0.14 |
|
Shalu Mangal |
15000 |
0.13 |
|
Ashish Mangal HUF |
2000 |
0.02 |
|
|
|
|
|
Total |
10780000 |
100.00 |
AS ON: 28.08.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
99.98 |
|
Public/Other than promoters – Others HUF |
0.02 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Cables and Conductors and Importer of Machinery. (Registered Activity and also
Confirmed by Management) |
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Products : |
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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 : |
|
||||||
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Products : |
Finished Goods |
||||||
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Countries : |
·
Gulf Countries ·
African Countries |
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|
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Imports : |
|
||||||
|
Products : |
Machinery |
||||||
|
Countries : |
·
Malaysia ·
Japan |
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|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C, Cheque, Others (RTGS, NEFT) |
||||||
|
|
|
||||||
|
Purchasing : |
L/C, Cheque, Others (RTGS, NEFT) |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Others (Corporates, Electricity Boards) · BHEL · DVC · NTPC · PSPCL · KSEB, etc. |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
|||||||||||||||||||||||||||
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|
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|
Bankers : |
· Small Industries Development Bank of India |
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
H. C. Bothra and Associates Chartered Accountants |
|
Address : |
Gulab Niwas, M. I. Road, Jaipur, Rajasthan, India |
|
PAN No.: |
AABFH6064L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· Dynamic Metal · Indokrates Private Limited · Mangal Electrical Ind. Private Limited · Shiv Kripa Pipes Private Limited ·
Rams Creative Technologies Private Limited
[U72900RJ2016PTC054961] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10780000 |
Equity Shares |
INR 10/- each |
INR 107.800
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
107.800 |
100.000 |
100.000 |
|
(b) Reserves and Surplus |
308.550 |
173.154 |
104.768 |
|
(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) |
416.350 |
273.154 |
204.768 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
363.323 |
297.365 |
248.134 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.960 |
2.325 |
|
(c) Other long-term
liabilities |
2.461 |
1.200 |
2.334 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
365.784 |
299.525 |
252.793 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
501.644 |
602.460 |
232.168 |
|
(b) Trade
payables |
390.772 |
373.000 |
574.815 |
|
(c) Other
current liabilities |
82.992 |
65.989 |
67.353 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
975.408 |
1041.449 |
874.336 |
|
|
|
|
|
|
TOTAL |
1757.542 |
1614.128 |
1331.897 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
182.652 |
189.884 |
181.607 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
95.181 |
0.080 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.132 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
33.222 |
10.948 |
3.306 |
|
(e) Other
Non-current assets |
0.309 |
0.309 |
0.246 |
|
Total Non-Current
Assets |
311.496 |
201.221 |
185.159 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
368.768 |
471.343 |
273.697 |
|
(c) Trade
receivables |
841.353 |
729.024 |
611.940 |
|
(d) Cash and
bank balances |
143.233 |
117.799 |
207.205 |
|
(e)
Short-term loans and advances |
69.939 |
56.351 |
51.105 |
|
(f) Other current
assets |
22.753 |
38.390 |
2.791 |
|
Total
Current Assets |
1446.046 |
1412.907 |
1146.738 |
|
|
|
|
|
|
TOTAL |
1757.542 |
1614.128 |
1331.897 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2999.860 |
2678.747 |
2603.890 |
|
|
Other Income |
21.602 |
19.246 |
8.375 |
|
|
TOTAL |
3021.462 |
2697.993 |
2612.265 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2590.318 |
2259.922 |
2342.754 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(34.501) |
(16.235) |
(17.499) |
|
|
Employee benefit expense |
70.309 |
54.557 |
40.946 |
|
|
Other expenses |
160.892 |
174.467 |
143.129 |
|
|
TOTAL |
2787.018 |
2472.711 |
2509.411 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
234.444 |
225.282 |
102.854 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
91.629 |
104.987 |
44.696 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
142.815 |
120.295 |
58.158 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.362 |
19.847 |
21.186 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
122.453 |
100.448 |
36.972 |
|
|
|
|
|
|
|
Less |
TAX |
42.436 |
32.062 |
11.083 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
80.017 |
68.386 |
25.889 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2333.280 |
2268.692 |
2307.489 |
|
|
TOTAL IMPORTS |
2333.280 |
2268.692 |
2307.489 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.42 |
6.84 |
2.59 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
28.490 |
23.785 |
24.739 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
252.828 |
(336.660) |
99.437 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
219.247 |
(368.096) |
86.646 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
102.37 |
99.34 |
85.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.57 |
3.67 |
4.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
55.06 |
60.24 |
89.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.64 |
0.48 |
0.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.84 |
1.19 |
0.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.84 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.15 |
3.38 |
2.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.34 |
3.81 |
4.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.67 |
0.70 |
0.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.56 |
2.15 |
2.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.67 |
2.55 |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.55 |
4.24 |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.22 |
25.04 |
12.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.48 |
1.36 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.10 |
0.90 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.17 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.29 |
9.24 |
5.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.48 |
1.36 |
1.31 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 52.70/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
100.000 |
100.000 |
107.800 |
|
Reserves & Surplus |
104.768 |
173.154 |
308.550 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
204.768 |
273.154 |
416.350 |
|
|
|
|
|
|
Long-term borrowings |
248.134 |
297.365 |
363.323 |
|
Short term borrowings |
232.168 |
602.460 |
501.644 |
|
Current maturities of
long-term debts |
24.739 |
23.785 |
28.490 |
|
Total
borrowings |
505.041 |
923.610 |
893.457 |
|
Debt/Equity
ratio |
2.466 |
3.381 |
2.146 |
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 |
2603.890 |
2678.747 |
2999.860 |
|
|
|
2.875 |
11.987 |
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 |
2603.890 |
2678.747 |
2999.860 |
|
Profit/ (Loss) |
25.889 |
68.386 |
80.017 |
|
|
0.99
% |
2.55
% |
2.67
% |
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 |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G64241235 |
100075371 |
SIDBI |
25/01/2017 |
15/11/2017 |
- |
187000000.0 |
FIRST FLOOR, LIC BUILDING II, LIC COMPLEXAMBEDKAR CIRCLE, BHAWANI SINGH ROADJAIPURRJ302005IN |
|
2 |
G64242753 |
100075372 |
SIDBI |
25/01/2017 |
15/11/2017 |
- |
13000000.0 |
FIRST FLOOR, LIC BUILDING II, LIC COMPLEXAMBEDKAR CIRCLE, BHAWANI SINGH ROADJAIPURRJ302005IN |
|
3 |
G51632651 |
100129650 |
AXIS BANK LIMITED |
04/04/2016 |
- |
- |
5861920.0 |
2ND FLOOR, SHANTI TOWERB-115, HAWA SADAK, CIVIL LINESJAIPURRJ302006IN |
|
4 |
C74324088 |
10609813 |
BANK OF BARODA |
22/12/2015 |
- |
- |
1200000.0 |
SPECIALISED SME BRANCH,ROAD NO. 5 VKI AREA BRANCHJAIPURRJ302017IN |
|
5 |
C70709639 |
10603625 |
BANK OF BARODA |
06/11/2015 |
- |
- |
600000.0 |
SPECIALISED SME BRANCHROAD NO. 5, VKI AREA BRANCHJAIPURRRJ302017IN |
|
6 |
C67832451 |
10598064 |
ADITYA BIRLA HOUSING FINANCE LIMITED |
30/09/2015 |
- |
- |
60000000.0 |
INDIAN RAYON COMPOUND,VERAVALGJ362266IN |
|
7 |
C03928207 |
10490718 |
ADITYA BIRLA FINANCE LIMITED |
11/02/2014 |
- |
- |
75000000.0 |
INDIAN RAYON COMPOUND,VERAVALGJ362266IN |
|
8 |
G70661046 |
10109750 |
BANK OF BARODA |
25/06/2008 |
14/12/2017 |
- |
1775500000.0 |
SPECIALIZED SME BRANCHROAD NO-5, VKI AREAJAIPURRJ302013IN |
|
9 |
G51632016 |
10559280 |
BANK OF BARODA |
21/03/2015 |
- |
16/08/2017 |
40000000.0 |
SPECIALISED SME BRANCH, ROAD NO. 5VKI AREA BRANCHJAIPURRJ302017IN |
|
10 |
G51631851 |
10119356 |
BANK OF BARODA |
23/06/2008 |
- |
16/08/2017 |
80000000.0 |
V K I AREA BRANCHJAIPURRJ302013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others |
108.424 |
128.292 |
|
Other loans and advances |
225.941 |
111.001 |
|
|
|
|
|
Total |
334.365 |
239.293 |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Guarantees |
447.500 |
344.500 |
|
Other money for which company is contingently liable |
71.100 |
135.400 |
BRIEF DESCRIPTION OF
THE COMPANY'S WORKING:
The company is manufacturer of cables and conductors which is supplied to state electricity boards and private parties. Due to improved scenario in power sector, the company achieved better turnover and profit after tax as compared to previous year. The company is seeing continue improvement business scenario and expecting better turnover and profitability for current financial year 2017-2018.
The
members the pertinent details about the exhibitions in which Dynamic cables had
marked its presence during the financial year 2016-2017.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
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 90.23 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.